XGSG.L vs. AEGG.L
XGSG.L (Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged) and AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from Xtrackers and iShares respectively. Both are passively managed. Over the past 3 years, XGSG.L returned -0.11%/yr vs 3.84%/yr for AEGG.L. Their correlation of 0.85 suggests significant overlap in exposure. XGSG.L charges 0.25%/yr vs 0.10%/yr for AEGG.L.
Performance
XGSG.L vs. AEGG.L - Performance Comparison
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Different Trading Currencies
XGSG.L is traded in GBp, while AEGG.L is traded in GBP. To make them comparable, the AEGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGSG.L achieves a -1.67% return, which is significantly lower than AEGG.L's 0.49% return.
XGSG.L
- 1D
- 0.00%
- 1M
- -0.33%
- YTD
- -1.67%
- 6M
- -1.46%
- 1Y
- -1.24%
- 3Y*
- -0.11%
- 5Y*
- -3.22%
- 10Y*
- -1.29%
AEGG.L
- 1D
- 0.12%
- 1M
- 0.30%
- YTD
- 0.49%
- 6M
- 0.59%
- 1Y
- 3.19%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
XGSG.L vs. AEGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | -1.67% | 0.95% | -1.45% | 3.09% | -16.07% | -1.15% |
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.49% | 4.36% | 3.07% | 5.65% | -12.74% | -0.69% |
Correlation
The correlation between XGSG.L and AEGG.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.85 |
Over the past year, the correlation between XGSG.L and AEGG.L has dropped to 0.65 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
XGSG.L vs. AEGG.L — Risk / Return Rank
XGSG.L
AEGG.L
XGSG.L vs. AEGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.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.
| XGSG.L | AEGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.18 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.33 | -1.66 |
| Martin ratioReturn relative to average drawdown | -0.85 | 3.82 | -4.67 |
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
| XGSG.L | AEGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.01 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.05 | -0.06 |
Drawdowns
XGSG.L vs. AEGG.L - Drawdown Comparison
The maximum XGSG.L drawdown since its inception was -23.52%, which is greater than AEGG.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for XGSG.L and AEGG.L.
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Drawdown Indicators
| XGSG.L | AEGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -15.75% | -7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -2.38% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -3.72% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.52% | — | — |
Current DrawdownCurrent decline from peak | -20.27% | -1.36% | -18.91% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -7.54% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.83% | +0.63% |
Volatility
XGSG.L vs. AEGG.L - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) have volatilities of 1.48% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGSG.L | AEGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.42% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.48% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 3.13% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 4.59% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 4.59% | +0.09% |
XGSG.L vs. AEGG.L - Expense Ratio Comparison
XGSG.L has a 0.25% expense ratio, which is higher than AEGG.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
XGSG.L vs. AEGG.L - Dividend Comparison
XGSG.L's dividend yield for the trailing twelve months is around 0.03%, while AEGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (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% |
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | 0.03% | 0.03% | 0.03% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
XGSG.L and AEGG.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGG.L is cheaper with a 0.10% expense ratio, compared with 0.25% for XGSG.L.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGSG.L and 0.10% for AEGG.L.
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