VHVG.L vs. AGG

Last updated Jun 7, 2026

VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - VHVG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, VHVG.L returned 13.07%/yr vs 1.24%/yr for AGG. At a 0.11 correlation, their price movements are largely independent. VHVG.L charges 0.12%/yr vs 0.03%/yr for AGG.

Performance

VHVG.L vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VHVG.L achieves a 10.71% return, which is significantly higher than AGG's 0.92% return.

VHVG.L

• 1D: -0.98%
• 1M: 2.91%
• YTD: 10.71%
• 6M: 10.78%
• 1Y: 27.85%
• 3Y*: 17.95%
• 5Y*: 13.07%
• 10Y*: —

AGG

• 1D: 0.13%
• 1M: 1.49%
• YTD: 0.92%
• 6M: 0.04%
• 1Y: 6.44%
• 3Y*: 1.36%
• 5Y*: 1.24%
• 10Y*: 2.42%

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

VHVG.L vs. AGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	10.71%	13.84%	20.00%	17.53%	-8.16%	22.64%	12.56%	-17.91%
AGG iShares Core U.S. Aggregate Bond ETF	0.92%	-0.44%	3.08%	0.37%	-2.68%	-0.84%	4.32%	-5.78%

Correlation

The correlation between VHVG.L and AGG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.11

Return for Risk

VHVG.L vs. AGG — Risk / Return Rank

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

VHVG.L

VHVG.L Risk / Return Rank: 86
VHVG.L Sharpe Ratio Rank: 88
VHVG.L Sortino Ratio Rank: 88
VHVG.L Omega Ratio Rank: 88
VHVG.L Calmar Ratio Rank: 82
VHVG.L Martin Ratio Rank: 86

AGG

AGG Risk / Return Rank: 33
AGG Sharpe Ratio Rank: 33
AGG Sortino Ratio Rank: 33
AGG Omega Ratio Rank: 31
AGG Calmar Ratio Rank: 34
AGG Martin Ratio Rank: 33

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.

VHVG.L vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.

	VHVG.L	AGG	Difference
Sharpe ratio: Return per unit of total volatility	2.75	1.01	+1.73
Sortino ratio: Return per unit of downside risk	3.79	1.55	+2.24
Omega ratio: Gain probability vs. loss probability	1.52	1.19	+0.33
Calmar ratio: Return relative to maximum drawdown	4.09	1.18	+2.90
Martin ratio: Return relative to average drawdown	16.81	3.12	+13.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHVG.L vs. AGG - Sharpe Ratio Comparison

The current VHVG.L Sharpe Ratio is 2.75, which is higher than the AGG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of VHVG.L and AGG, 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

	VHVG.L	AGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	1.01	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.14	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.04

Drawdowns

VHVG.L vs. AGG - Drawdown Comparison

The maximum VHVG.L drawdown since its inception was -35.32%, which is greater than AGG's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for VHVG.L and AGG.

Drawdown Indicators

	VHVG.L	AGG	Difference
Max Drawdown Largest peak-to-trough decline	-35.32%	-17.60%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-5.31%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-8.64%	-11.31%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-14.70%	-5.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.60%	—
Current Drawdown Current decline from peak	-1.33%	-9.53%	+8.20%
Average Drawdown Average peak-to-trough decline	-7.18%	-7.11%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.01%	-0.32%

Volatility

VHVG.L vs. AGG - Volatility Comparison

Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) has a higher volatility of 2.71% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.40%. This indicates that VHVG.L's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHVG.L	AGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	1.40%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	4.74%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	6.22%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	8.61%	+10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	9.82%	+10.76%

VHVG.L vs. AGG - Expense Ratio Comparison

VHVG.L has a 0.12% expense ratio, which is higher than AGG's 0.03% 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

VHVG.L vs. AGG - Dividend Comparison

VHVG.L has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 4.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	4.00%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VHVG.L and AGG in my portfolio?

VHVG.L and AGG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHVG.L or AGG?

On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHVG.L or AGG?

AGG is cheaper with a 0.03% expense ratio, compared with 0.12% for VHVG.L.

What is the main difference between VHVG.L and AGG?

VHVG.L is categorized as Global Equities, while AGG is Total Bond Market. VHVG.L tracks MSCI ACWI NR USD, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VHVG.L and 0.03% for AGG.