VAGU.L vs. VUAA.L

Last updated Jun 5, 2026

VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. VAGU.L charges 0.10%/yr vs 0.07%/yr for VUAA.L.

Performance

VAGU.L vs. VUAA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VAGU.L achieves a 0.41% return, which is significantly lower than VUAA.L's 9.14% 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*: —

VUAA.L

• 1D: -1.07%
• 1M: 2.12%
• YTD: 9.14%
• 6M: 9.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VAGU.L vs. VUAA.L - Yearly Performance Comparison

	2026 (YTD)	2025
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating	0.41%	3.30%
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	9.14%	15.63%

Correlation

The correlation between VAGU.L and VUAA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.31

VAGU.L vs. VUAA.L - Sectors Allocation Comparison

Sectors	VAGU.L	VUAA.L
Financial Services	100.0%	11.6%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

VAGU.L vs. VUAA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VAGU.L

VAGU.L Risk / Return Rank: 27
VAGU.L Sharpe Ratio Rank: 28
VAGU.L Sortino Ratio Rank: 28
VAGU.L Omega Ratio Rank: 26
VAGU.L Calmar Ratio Rank: 27
VAGU.L Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VAGU.L vs. VUAA.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 Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.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	VUAA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.49	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.26	—	—
Martin ratio: Return relative to average drawdown	3.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VAGU.L	VUAA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	2.23	-2.01

Drawdowns

VAGU.L vs. VUAA.L - Drawdown Comparison

The maximum VAGU.L drawdown since its inception was -17.42%, which is greater than VUAA.L's maximum drawdown of -8.18%. Use the drawdown chart below to compare losses from any high point for VAGU.L and VUAA.L.

Drawdown Indicators

	VAGU.L	VUAA.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-8.18%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	—	—
Current Drawdown Current decline from peak	-1.33%	-1.61%	+0.28%
Average Drawdown Average peak-to-trough decline	-5.53%	-1.11%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.91%	-0.95%

Volatility

Volatility by Period

	VAGU.L	VUAA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	11.79%	-8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	11.79%	-6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	11.79%	-7.06%

VAGU.L vs. VUAA.L - Expense Ratio Comparison

VAGU.L has a 0.10% expense ratio, which is higher than VUAA.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VAGU.L vs. VUAA.L - Dividend Comparison

Neither VAGU.L nor VUAA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VAGU.L and VUAA.L in my portfolio?

VAGU.L and VUAA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGU.L or VUAA.L?

On fees, VUAA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAGU.L or VUAA.L?

VUAA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for VAGU.L.

What is the main difference between VAGU.L and VUAA.L?

VAGU.L is categorized as Global Bonds, while VUAA.L is S&P 500. VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while VUAA.L tracks S&P 500 Net Total Return. Their fees differ too: 0.10% for VAGU.L and 0.07% for VUAA.L.