VAGU.L vs. IWQU.L
VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VAGU.L returned 0.29%/yr vs 10.38%/yr for IWQU.L. At a 0.10 correlation, their price movements are largely independent. VAGU.L charges 0.10%/yr vs 0.30%/yr for IWQU.L.
Performance
VAGU.L vs. IWQU.L - Performance Comparison
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Returns By Period
In the year-to-date period, VAGU.L achieves a 0.74% return, which is significantly lower than IWQU.L's 9.80% return.
VAGU.L
- 1D
- 0.26%
- 1M
- 1.31%
- YTD
- 0.74%
- 6M
- 1.27%
- 1Y
- 3.75%
- 3Y*
- 4.27%
- 5Y*
- 0.29%
- 10Y*
- —
IWQU.L
- 1D
- 1.00%
- 1M
- 3.39%
- YTD
- 9.80%
- 6M
- 10.71%
- 1Y
- 22.55%
- 3Y*
- 17.48%
- 5Y*
- 10.38%
- 10Y*
- 12.84%
VAGU.L vs. IWQU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | 0.74% | 4.95% | 2.72% | 6.90% | -12.61% | -2.00% | 5.90% | 3.01% |
IWQU.L iShares MSCI World Quality Factor UCITS | 9.80% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 14.95% | 11.88% |
Correlation
The correlation between VAGU.L and IWQU.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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.10 |
Over the past year, VAGU.L and IWQU.L have become more correlated (0.40) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
VAGU.L vs. IWQU.L — Risk / Return Rank
VAGU.L
IWQU.L
VAGU.L vs. IWQU.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 iShares MSCI World Quality Factor UCITS (IWQU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VAGU.L | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.63 | -1.25 |
| Martin ratioReturn relative to average drawdown | 3.73 | 10.90 | -7.17 |
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Drawdowns
VAGU.L vs. IWQU.L - Drawdown Comparison
The maximum VAGU.L drawdown since its inception was -17.42%, smaller than the maximum IWQU.L drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for VAGU.L and IWQU.L.
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Drawdown Indicators
| VAGU.L | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -33.05% | +15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -8.53% | +5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -16.09% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -27.70% | +10.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.05% | — |
Current DrawdownCurrent decline from peak | -1.02% | 0.00% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -4.58% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.06% | -1.06% |
Volatility
VAGU.L vs. IWQU.L - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) is 1.32%, while iShares MSCI World Quality Factor UCITS (IWQU.L) has a volatility of 3.29%. This indicates that VAGU.L experiences smaller price fluctuations and is considered to be less risky than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGU.L | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 3.29% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 9.15% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 11.64% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 15.62% | -10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 15.76% | -10.98% |
VAGU.L vs. IWQU.L - Expense Ratio Comparison
VAGU.L has a 0.10% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.
Dividends
VAGU.L vs. IWQU.L - Dividend Comparison
Neither VAGU.L nor IWQU.L has paid dividends to shareholders.
Frequently Asked Questions
VAGU.L and IWQU.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, VAGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGU.L is cheaper with a 0.10% expense ratio, compared with 0.30% for IWQU.L.
VAGU.L is categorized as Global Bonds, while IWQU.L is Global Equities. VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while IWQU.L tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VAGU.L and 0.30% for IWQU.L.
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