VGVA.L vs. AGGU.L
VGVA.L (Vanguard UK Gilt UCITS ETF Accumulating) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both exchange-traded funds - VGVA.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, VGVA.L returned -5.33%/yr vs 1.66%/yr for AGGU.L. At a 0.30 correlation, their price movements are largely independent. VGVA.L charges 0.07%/yr vs 0.10%/yr for AGGU.L.
Performance
VGVA.L vs. AGGU.L - Performance Comparison
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Different Trading Currencies
VGVA.L is traded in GBP, while AGGU.L is traded in USD. To make them comparable, the AGGU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGVA.L achieves a -1.19% return, which is significantly lower than AGGU.L's 0.77% return.
VGVA.L
- 1D
- 0.28%
- 1M
- 1.61%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 2.14%
- 3Y*
- 2.10%
- 5Y*
- -5.33%
- 10Y*
- —
AGGU.L
- 1D
- 0.09%
- 1M
- 1.07%
- YTD
- 0.77%
- 6M
- -0.04%
- 1Y
- 4.26%
- 3Y*
- 1.55%
- 5Y*
- 1.66%
- 10Y*
- —
VGVA.L vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | -1.19% | 4.03% | -3.61% | 3.26% | -27.03% | -5.38% | 9.36% | 5.93% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.77% | -2.74% | 5.26% | 1.37% | -1.01% | -0.88% | 2.06% | 5.02% |
Correlation
The correlation between VGVA.L and AGGU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.30 |
Over the past year, the correlation between VGVA.L and AGGU.L has dropped to 0.06 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
VGVA.L vs. AGGU.L — Risk / Return Rank
VGVA.L
AGGU.L
VGVA.L vs. AGGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.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.
| VGVA.L | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.74 | -0.37 |
| Martin ratioReturn relative to average drawdown | 1.00 | 1.84 | -0.84 |
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
| VGVA.L | AGGU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.65 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.19 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.19 | -0.44 |
Drawdowns
VGVA.L vs. AGGU.L - Drawdown Comparison
The maximum VGVA.L drawdown since its inception was -39.28%, which is greater than AGGU.L's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for VGVA.L and AGGU.L.
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Drawdown Indicators
| VGVA.L | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -17.38% | -21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -5.72% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -9.02% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -15.79% | -21.26% |
Current DrawdownCurrent decline from peak | -31.00% | -8.75% | -22.25% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -8.64% | -11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.31% | -0.18% |
Volatility
VGVA.L vs. AGGU.L - Volatility Comparison
Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) has a higher volatility of 2.79% compared to iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) at 1.71%. This indicates that VGVA.L's price experiences larger fluctuations and is considered to be riskier than AGGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVA.L | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 1.71% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 5.15% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 6.49% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 8.69% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 9.05% | +1.81% |
VGVA.L vs. AGGU.L - Expense Ratio Comparison
VGVA.L has a 0.07% expense ratio, which is lower than AGGU.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGVA.L vs. AGGU.L - Dividend Comparison
Neither VGVA.L nor AGGU.L has paid dividends to shareholders.
Frequently Asked Questions
VGVA.L and AGGU.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for AGGU.L.
VGVA.L is categorized as European Government Bonds, while AGGU.L is Global Bonds. VGVA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while AGGU.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VGVA.L and 0.10% for AGGU.L.
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