XG7S.L vs. AGGG.L
XG7S.L (Xtrackers Global Government Bond UCITS ETF 5C) and AGGG.L (iShares Global Aggregate Bond UCITS Dist) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XG7S.L returned -2.31%/yr vs -0.70%/yr for AGGG.L. At a 0.43 correlation, their price movements are largely independent. XG7S.L charges 0.20%/yr vs 0.10%/yr for AGGG.L.
Performance
XG7S.L vs. AGGG.L - Performance Comparison
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Different Trading Currencies
XG7S.L is traded in GBp, while AGGG.L is traded in USD. To make them comparable, the AGGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XG7S.L achieves a -0.90% return, which is significantly lower than AGGG.L's 0.01% return.
XG7S.L
- 1D
- 0.15%
- 1M
- 0.81%
- YTD
- -0.90%
- 6M
- -1.39%
- 1Y
- 1.33%
- 3Y*
- -0.62%
- 5Y*
- -2.31%
- 10Y*
- 0.03%
AGGG.L
- 1D
- 0.00%
- 1M
- 0.54%
- YTD
- 0.01%
- 6M
- -0.38%
- 1Y
- 3.07%
- 3Y*
- 0.79%
- 5Y*
- -0.70%
- 10Y*
- —
XG7S.L vs. AGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C | -0.90% | -0.22% | -1.85% | -0.74% | -8.86% | -6.63% | 6.73% | 1.94% | 4.76% | -0.96% |
AGGG.L iShares Global Aggregate Bond UCITS Dist | 0.12% | 0.36% | 0.28% | 0.01% | -5.93% | -4.42% | 6.16% | 2.79% | 4.14% | -0.74% |
Correlation
The correlation between XG7S.L and AGGG.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2017 | 0.43 |
The correlation between XG7S.L and AGGG.L shifts across timeframes, from 0.43 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XG7S.L vs. AGGG.L — Risk / Return Rank
XG7S.L
AGGG.L
XG7S.L vs. AGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) and iShares Global Aggregate Bond UCITS Dist (AGGG.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.
| XG7S.L | AGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.72 | -0.63 |
| Martin ratioReturn relative to average drawdown | 0.13 | 1.56 | -1.43 |
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
| XG7S.L | AGGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.52 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.09 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.03 | +0.12 |
Drawdowns
XG7S.L vs. AGGG.L - Drawdown Comparison
The maximum XG7S.L drawdown since its inception was -25.59%, which is greater than AGGG.L's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for XG7S.L and AGGG.L.
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Drawdown Indicators
| XG7S.L | AGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.59% | -19.27% | -6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.40% | -4.24% | -11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -5.58% | -9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -14.34% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -25.59% | — | — |
Current DrawdownCurrent decline from peak | -23.76% | -13.32% | -10.44% |
Average DrawdownAverage peak-to-trough decline | -15.52% | -9.35% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.76% | 1.96% | +8.80% |
Volatility
XG7S.L vs. AGGG.L - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) is 1.44%, while iShares Global Aggregate Bond UCITS Dist (AGGG.L) has a volatility of 1.77%. This indicates that XG7S.L experiences smaller price fluctuations and is considered to be less risky than AGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XG7S.L | AGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.77% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 4.77% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 5.87% | +14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 7.71% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 8.33% | +6.26% |
XG7S.L vs. AGGG.L - Expense Ratio Comparison
XG7S.L has a 0.20% expense ratio, which is higher than AGGG.L's 0.10% 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
XG7S.L vs. AGGG.L - Dividend Comparison
XG7S.L has not paid dividends to shareholders, while AGGG.L's dividend yield for the trailing twelve months is around 3.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.16% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XG7S.L and AGGG.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for XG7S.L.
Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XG7S.L and 0.10% for AGGG.L.
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