VAGS.L vs. IGLA.L
VAGS.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating) and IGLA.L (iShares Global Govt Bond UCITS Acc) are both Global Bonds funds - VAGS.L tracks the Bloomberg Global Aggregate TR Hdg GBP while IGLA.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, VAGS.L returned -0.25%/yr vs -2.31%/yr for IGLA.L. At a 0.45 correlation, their price movements are largely independent. VAGS.L charges 0.10%/yr vs 0.20%/yr for IGLA.L.
Performance
VAGS.L vs. IGLA.L - Performance Comparison
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Different Trading Currencies
VAGS.L is traded in GBP, while IGLA.L is traded in USD. To make them comparable, the IGLA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGS.L achieves a 0.19% return, which is significantly higher than IGLA.L's -0.93% return.
VAGS.L
- 1D
- 0.14%
- 1M
- 0.45%
- YTD
- 0.19%
- 6M
- 0.45%
- 1Y
- 3.13%
- 3Y*
- 3.76%
- 5Y*
- -0.25%
- 10Y*
- —
IGLA.L
- 1D
- 0.19%
- 1M
- 0.86%
- YTD
- -0.93%
- 6M
- -1.80%
- 1Y
- 1.03%
- 3Y*
- -1.09%
- 5Y*
- -2.31%
- 10Y*
- —
VAGS.L vs. IGLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.19% | 4.96% | 2.39% | 5.94% | -13.72% | -2.14% | 5.52% | 2.06% |
IGLA.L iShares Global Govt Bond UCITS Acc | -0.93% | -1.46% | -1.28% | -1.21% | -8.02% | -5.97% | 6.24% | -4.14% |
Correlation
The correlation between VAGS.L and IGLA.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.45 |
The correlation between VAGS.L and IGLA.L shifts across timeframes, from 0.40 (1 year) to 0.52 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VAGS.L vs. IGLA.L — Risk / Return Rank
VAGS.L
IGLA.L
VAGS.L vs. IGLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) and iShares Global Govt Bond UCITS Acc (IGLA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VAGS.L | IGLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.20 | +0.96 |
| Martin ratioReturn relative to average drawdown | 3.41 | 0.40 | +3.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAGS.L | IGLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.17 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.28 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.10 | +0.22 |
Drawdowns
VAGS.L vs. IGLA.L - Drawdown Comparison
The maximum VAGS.L drawdown since its inception was -17.99%, smaller than the maximum IGLA.L drawdown of -25.17%. Use the drawdown chart below to compare losses from any high point for VAGS.L and IGLA.L.
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Drawdown Indicators
| VAGS.L | IGLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.99% | -25.17% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -5.04% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -6.12% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -17.06% | -0.54% |
Current DrawdownCurrent decline from peak | -3.70% | -23.63% | +19.93% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -13.55% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.60% | -1.69% |
Volatility
VAGS.L vs. IGLA.L - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) is 1.44%, while iShares Global Govt Bond UCITS Acc (IGLA.L) has a volatility of 2.02%. This indicates that VAGS.L experiences smaller price fluctuations and is considered to be less risky than IGLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGS.L | IGLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.02% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 4.90% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 6.13% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 8.23% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 8.47% | -3.90% |
VAGS.L vs. IGLA.L - Expense Ratio Comparison
VAGS.L has a 0.10% expense ratio, which is lower than IGLA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VAGS.L vs. IGLA.L - Dividend Comparison
Neither VAGS.L nor IGLA.L has paid dividends to shareholders.
Frequently Asked Questions
VAGS.L and IGLA.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGS.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IGLA.L.
VAGS.L tracks Bloomberg Global Aggregate TR Hdg GBP, while IGLA.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VAGS.L and 0.20% for IGLA.L.
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