VAGU.L vs. XBAG.DE
VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) are both Global Bonds funds - VAGU.L tracks the Bloomberg Global Aggregate TR Hdg USD while XBAG.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, VAGU.L returned 0.31%/yr vs -2.17%/yr for XBAG.DE. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
VAGU.L vs. XBAG.DE - Performance Comparison
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Different Trading Currencies
VAGU.L is traded in USD, while XBAG.DE is traded in EUR. To make them comparable, the XBAG.DE 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 higher than XBAG.DE's -0.68% 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*
- —
XBAG.DE
- 1D
- 0.15%
- 1M
- -0.90%
- YTD
- -0.68%
- 6M
- -0.33%
- 1Y
- 1.56%
- 3Y*
- 2.97%
- 5Y*
- -2.17%
- 10Y*
- 0.17%
VAGU.L vs. XBAG.DE - 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% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | -0.68% | 8.50% | -2.51% | 5.08% | -16.43% | -5.19% | 9.23% | 1.00% |
Correlation
The correlation between VAGU.L and XBAG.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.60 |
The correlation between VAGU.L and XBAG.DE has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
VAGU.L vs. XBAG.DE — Risk / Return Rank
VAGU.L
XBAG.DE
VAGU.L vs. XBAG.DE - 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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE). 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 | XBAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.38 | +0.88 |
| Martin ratioReturn relative to average drawdown | 3.55 | 0.97 | +2.58 |
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 | XBAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.26 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.30 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.04 | +0.18 |
Drawdowns
VAGU.L vs. XBAG.DE - Drawdown Comparison
The maximum VAGU.L drawdown since its inception was -17.42%, smaller than the maximum XBAG.DE drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for VAGU.L and XBAG.DE.
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Drawdown Indicators
| VAGU.L | XBAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -26.72% | +9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -3.87% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.84% | -7.39% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -25.35% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.72% | — |
Current DrawdownCurrent decline from peak | -1.33% | -12.84% | +11.51% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -8.35% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.53% | -0.57% |
Volatility
VAGU.L vs. XBAG.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) is 1.41%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) has a volatility of 1.62%. This indicates that VAGU.L experiences smaller price fluctuations and is considered to be less risky than XBAG.DE 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 | XBAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.62% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.95% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 5.64% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 7.22% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 6.93% | -2.20% |
VAGU.L vs. XBAG.DE - Expense Ratio Comparison
Both VAGU.L and XBAG.DE 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. XBAG.DE - Dividend Comparison
VAGU.L has not paid dividends to shareholders, while XBAG.DE's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 3.00% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% |
Frequently Asked Questions
VAGU.L and XBAG.DE have a correlation of 0.63, 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 XBAG.DE have the same expense ratio: 0.10% per year.
VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while XBAG.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Vanguard and Xtrackers.
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