VUSA.AS vs. IGLO.L
VUSA.AS (Vanguard S&P 500 UCITS ETF) and IGLO.L (iShares Global Government Bond UCITS) are both exchange-traded funds - VUSA.AS is a S&P 500 fund tracking the S&P 500 Index, while IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 10 years, VUSA.AS returned 14.85%/yr vs -1.17%/yr for IGLO.L. At a 0.07 correlation, their price movements are largely independent. VUSA.AS charges 0.07%/yr vs 0.20%/yr for IGLO.L.
Performance
VUSA.AS vs. IGLO.L - Performance Comparison
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Different Trading Currencies
VUSA.AS is traded in EUR, while IGLO.L is traded in USD. To make them comparable, the IGLO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSA.AS achieves a 10.06% return, which is significantly higher than IGLO.L's -0.02% return. Over the past 10 years, VUSA.AS has outperformed IGLO.L with an annualized return of 14.85%, while IGLO.L has yielded a comparatively lower -1.17% annualized return.
VUSA.AS
- 1D
- 1.57%
- 1M
- 0.53%
- YTD
- 10.06%
- 6M
- 11.13%
- 1Y
- 24.70%
- 3Y*
- 17.94%
- 5Y*
- 14.22%
- 10Y*
- 14.85%
IGLO.L
- 1D
- 0.66%
- 1M
- 0.99%
- YTD
- -0.02%
- 6M
- 0.88%
- 1Y
- -0.47%
- 3Y*
- -0.83%
- 5Y*
- -2.49%
- 10Y*
- -1.17%
VUSA.AS vs. IGLO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSA.AS Vanguard S&P 500 UCITS ETF | 10.06% | 3.89% | 33.86% | 22.13% | -14.18% | 40.37% | 7.71% | 32.98% | -0.36% | 6.69% |
IGLO.L iShares Global Government Bond UCITS | -0.02% | -5.57% | 2.71% | 0.88% | -12.59% | 0.08% | 0.36% | 7.92% | 4.38% | -6.92% |
Correlation
The correlation between VUSA.AS and IGLO.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.07 |
The correlation between VUSA.AS and IGLO.L shifts across timeframes, from 0.06 (10 years) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VUSA.AS vs. IGLO.L — Risk / Return Rank
VUSA.AS
IGLO.L
VUSA.AS vs. IGLO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.AS) and iShares Global Government Bond UCITS (IGLO.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VUSA.AS | IGLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.99 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | -0.10 | +3.49 |
| Martin ratioReturn relative to average drawdown | 11.98 | -0.21 | +12.19 |
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Drawdowns
VUSA.AS vs. IGLO.L - Drawdown Comparison
The maximum VUSA.AS drawdown since its inception was -33.63%, which is greater than IGLO.L's maximum drawdown of -21.92%. Use the drawdown chart below to compare losses from any high point for VUSA.AS and IGLO.L.
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Drawdown Indicators
| VUSA.AS | IGLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -21.92% | -11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -3.63% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -23.25% | -9.39% | -13.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -18.12% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -21.92% | -11.71% |
Current DrawdownCurrent decline from peak | -1.80% | -20.29% | +18.49% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -9.39% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.78% | +0.25% |
Volatility
VUSA.AS vs. IGLO.L - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.AS) has a higher volatility of 3.12% compared to iShares Global Government Bond UCITS (IGLO.L) at 1.69%. This indicates that VUSA.AS's price experiences larger fluctuations and is considered to be riskier than IGLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSA.AS | IGLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 1.69% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 4.47% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 5.68% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 7.81% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 7.58% | +8.45% |
VUSA.AS vs. IGLO.L - Expense Ratio Comparison
VUSA.AS has a 0.07% expense ratio, which is lower than IGLO.L's 0.20% 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
VUSA.AS vs. IGLO.L - Dividend Comparison
VUSA.AS's dividend yield for the trailing twelve months is around 0.88%, less than IGLO.L's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
VUSA.AS Vanguard S&P 500 UCITS ETF | 0.88% | 0.97% | 0.99% | 1.26% | 1.45% | 1.02% | 1.43% | 1.46% | 1.74% | 1.64% | 1.66% | 1.75% |
Frequently Asked Questions
VUSA.AS and IGLO.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for IGLO.L.
VUSA.AS is categorized as S&P 500, while IGLO.L is Global Bonds. VUSA.AS tracks S&P 500 Index, while IGLO.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VUSA.AS and 0.20% for IGLO.L.
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