XBGG.L vs. SGLO.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) and iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L).

XBGG.L and SGLO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBGG.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Apr 19, 2016. SGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. Both XBGG.L and SGLO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XBGG.L vs. SGLO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) and iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L). The values are adjusted to include any dividend payments, if applicable.

XBGG.L vs. SGLO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged	-0.19%	4.60%	2.19%	5.74%	-13.34%	-1.53%	4.26%	6.68%	-0.30%	1.59%
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist)	0.76%	0.31%	-1.33%	-1.35%	-7.72%	-5.44%	5.97%	2.82%	5.56%	-3.12%

Different Trading Currencies

XBGG.L is traded in GBp, while SGLO.L is traded in GBP. To make them comparable, the SGLO.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XBGG.L achieves a -0.19% return, which is significantly lower than SGLO.L's 0.76% return.

XBGG.L

• 1D: 0.37%
• 1M: -1.43%
• YTD: -0.19%
• 6M: 0.63%
• 1Y: 3.16%
• 3Y*: 3.21%
• 5Y*: -0.33%
• 10Y*: —

SGLO.L

• 1D: 0.12%
• 1M: -1.25%
• YTD: 0.76%
• 6M: 0.73%
• 1Y: 0.61%
• 3Y*: -0.68%
• 5Y*: -1.69%
• 10Y*: 0.48%

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

XBGG.L vs. SGLO.L - Expense Ratio Comparison

XBGG.L has a 0.15% expense ratio, which is lower than SGLO.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%.

SGLO.L

iShares Global Government Bond UCITS ETF USD (Dist)

XBGG.L

Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged

Return for Risk

XBGG.L vs. SGLO.L — Risk / Return Rank

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

XBGG.L

XBGG.L Risk / Return Rank: 43
XBGG.L Sharpe Ratio Rank: 49
XBGG.L Sortino Ratio Rank: 47
XBGG.L Omega Ratio Rank: 40
XBGG.L Calmar Ratio Rank: 41
XBGG.L Martin Ratio Rank: 40

SGLO.L

SGLO.L Risk / Return Rank: 13
SGLO.L Sharpe Ratio Rank: 15
SGLO.L Sortino Ratio Rank: 13
SGLO.L Omega Ratio Rank: 12
SGLO.L Calmar Ratio Rank: 14
SGLO.L Martin Ratio Rank: 13

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.

XBGG.L vs. SGLO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) and iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.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.

	XBGG.L	SGLO.L	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.13	+0.83
Sortino ratio Return per unit of downside risk	1.37	0.24	+1.13
Omega ratio Gain probability vs. loss probability	1.17	1.03	+0.14
Calmar ratio Return relative to maximum drawdown	1.24	0.12	+1.12
Martin ratio Return relative to average drawdown	4.34	0.21	+4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBGG.L vs. SGLO.L - Sharpe Ratio Comparison

The current XBGG.L Sharpe Ratio is 0.96, which is higher than the SGLO.L Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of XBGG.L and SGLO.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XBGG.L	SGLO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.13	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	-0.23	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.20	+0.01

Correlation

The correlation between XBGG.L and SGLO.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XBGG.L vs. SGLO.L - Dividend Comparison

XBGG.L's dividend yield for the trailing twelve months is around 2.86%, less than SGLO.L's 4.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged	2.86%	2.93%	3.04%	2.00%	2.76%	0.79%	1.35%	1.72%	1.42%	0.00%	0.00%	0.00%
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist)	4.10%	3.86%	3.15%	1.87%	0.95%	0.85%	1.35%	1.60%	1.37%	1.26%	1.34%	0.89%

Drawdowns

XBGG.L vs. SGLO.L - Drawdown Comparison

The maximum XBGG.L drawdown since its inception was -17.06%, smaller than the maximum SGLO.L drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for XBGG.L and SGLO.L.

Drawdown Indicators

	XBGG.L	SGLO.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.06%	-25.55%	+8.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-5.13%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.89%	-16.48%	-0.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.55%	—
Current Drawdown Current decline from peak	-3.89%	-21.62%	+17.73%
Average Drawdown Average peak-to-trough decline	-4.82%	-9.96%	+5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	2.96%	-2.22%

Volatility

XBGG.L vs. SGLO.L - Volatility Comparison

The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) is 1.34%, while iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) has a volatility of 1.61%. This indicates that XBGG.L experiences smaller price fluctuations and is considered to be less risky than SGLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBGG.L	SGLO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	1.61%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	3.93%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	3.29%	5.73%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.45%	7.51%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.02%	8.85%	-4.83%