VAGU.L vs. VUAG.L

Last updated Jun 5, 2026

VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VAGU.L returned 0.31%/yr vs 13.72%/yr for VUAG.L. At a 0.06 correlation, their price movements are largely independent. VAGU.L charges 0.10%/yr vs 0.07%/yr for VUAG.L.

Performance

VAGU.L vs. VUAG.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) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAGU.L is traded in USD, while VUAG.L is traded in GBP. To make them comparable, the VUAG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VAGU.L achieves a 0.41% return, which is significantly lower than VUAG.L's 10.30% 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*: —

VUAG.L

• 1D: 0.11%
• 1M: 3.22%
• YTD: 10.30%
• 6M: 10.68%
• 1Y: 27.66%
• 3Y*: 22.10%
• 5Y*: 13.72%
• 10Y*: —

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

VAGU.L vs. VUAG.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%	2.39%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	10.30%	17.61%	25.21%	25.98%	-18.62%	29.78%	210.27%	10.84%

Correlation

The correlation between VAGU.L and VUAG.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019	0.06

Over the past year, VAGU.L and VUAG.L have become more correlated (0.30) than their long-term average of 0.06, meaning their price movements have been converging.

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

Sectors	VAGU.L	VUAG.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. VUAG.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

VUAG.L

VUAG.L Risk / Return Rank: 82
VUAG.L Sharpe Ratio Rank: 84
VUAG.L Sortino Ratio Rank: 83
VUAG.L Omega Ratio Rank: 85
VUAG.L Calmar Ratio Rank: 80
VUAG.L Martin Ratio Rank: 78

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. VUAG.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) Accumulating (VUAG.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	VUAG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.49	-1.52
Sortino ratio: Return per unit of downside risk	1.49	3.58	-2.09
Omega ratio: Gain probability vs. loss probability	1.17	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.26	3.20	-1.94
Martin ratio: Return relative to average drawdown	3.55	13.80	-10.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGU.L vs. VUAG.L - Sharpe Ratio Comparison

The current VAGU.L Sharpe Ratio is 0.97, which is lower than the VUAG.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of VAGU.L and VUAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAGU.L	VUAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	2.49	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.88	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.91	-0.69

Drawdowns

VAGU.L vs. VUAG.L - Drawdown Comparison

The maximum VAGU.L drawdown since its inception was -17.42%, smaller than the maximum VUAG.L drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for VAGU.L and VUAG.L.

Drawdown Indicators

	VAGU.L	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-33.59%	+16.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-8.69%	+5.99%
Max Drawdown (3Y) Largest decline over 3 years	-3.84%	-18.69%	+14.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	-25.18%	+8.08%
Current Drawdown Current decline from peak	-1.33%	-0.53%	-0.80%
Average Drawdown Average peak-to-trough decline	-5.53%	-4.93%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	2.02%	-1.06%

Volatility

VAGU.L vs. VUAG.L - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) is 1.41%, while Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) has a volatility of 2.57%. This indicates that VAGU.L experiences smaller price fluctuations and is considered to be less risky than VUAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGU.L	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	2.57%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	8.01%	-5.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	11.17%	-7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	15.65%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	36.49%	-31.76%

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

VAGU.L has a 0.10% expense ratio, which is higher than VUAG.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. VUAG.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.39%

Frequently Asked Questions

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

VAGU.L and VUAG.L have a correlation of 0.30, 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 VUAG.L?

On fees, VUAG.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 VUAG.L?

VUAG.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 VUAG.L?

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