VAGU.L vs. GLAD.L
VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and GLAD.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg USD, from Vanguard and State Street respectively. Both are passively managed. Over the past 5 years, VAGU.L returned 0.31%/yr vs 0.65%/yr for GLAD.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VAGU.L vs. GLAD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VAGU.L achieves a 0.41% return, which is significantly lower than GLAD.L's 0.54% return.
VAGU.L
- 1D
- 0.20%
- 1M
- 0.00%
- YTD
- 0.41%
- 6M
- 0.76%
- 1Y
- 3.68%
- 3Y*
- 4.10%
- 5Y*
- 0.31%
- 10Y*
- —
GLAD.L
- 1D
- 0.15%
- 1M
- 0.03%
- YTD
- 0.54%
- 6M
- 0.71%
- 1Y
- 3.51%
- 3Y*
- 4.15%
- 5Y*
- 0.65%
- 10Y*
- —
VAGU.L vs. GLAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | 0.41% | 4.94% | 2.73% | 6.90% | -12.61% | -2.00% | 5.90% | 0.17% |
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.54% | 4.72% | 3.23% | 6.73% | -11.24% | -1.59% | 5.21% | -0.04% |
Correlation
The correlation between VAGU.L and GLAD.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019 | 0.85 |
The correlation between VAGU.L and GLAD.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
VAGU.L vs. GLAD.L — Risk / Return Rank
VAGU.L
GLAD.L
VAGU.L vs. GLAD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.
| VAGU.L | GLAD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.51 | -0.25 |
| Martin ratioReturn relative to average drawdown | 3.55 | 4.60 | -1.05 |
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
| VAGU.L | GLAD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.09 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.15 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.23 | -0.01 |
Drawdowns
VAGU.L vs. GLAD.L - Drawdown Comparison
The maximum VAGU.L drawdown since its inception was -17.42%, which is greater than GLAD.L's maximum drawdown of -15.20%. Use the drawdown chart below to compare losses from any high point for VAGU.L and GLAD.L.
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Drawdown Indicators
| VAGU.L | GLAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -15.20% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.30% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.84% | -3.78% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -15.05% | -2.05% |
Current DrawdownCurrent decline from peak | -1.33% | -1.01% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -4.55% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.76% | +0.20% |
Volatility
VAGU.L vs. GLAD.L - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) have volatilities of 1.41% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGU.L | GLAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.38% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.63% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.19% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 4.48% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.27% | +0.46% |
VAGU.L vs. GLAD.L - Expense Ratio Comparison
Both VAGU.L and GLAD.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGU.L vs. GLAD.L - Dividend Comparison
Neither VAGU.L nor GLAD.L has paid dividends to shareholders.
Frequently Asked Questions
VAGU.L and GLAD.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGU.L and GLAD.L have the same expense ratio: 0.10% per year.
Both ETFs track Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: Vanguard and State Street.
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