XGSG.L vs. AGGG.L
XGSG.L (Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged) and AGGG.L (iShares Global Aggregate Bond UCITS Dist) are both Global Bonds funds - XGSG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while AGGG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, XGSG.L returned -1.14%/yr vs -0.67%/yr for AGGG.L. At a 0.41 correlation, their price movements are largely independent. XGSG.L charges 0.25%/yr vs 0.10%/yr for AGGG.L.
Performance
XGSG.L vs. AGGG.L - Performance Comparison
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Different Trading Currencies
XGSG.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, XGSG.L achieves a -0.55% return, which is significantly lower than AGGG.L's 0.13% return.
XGSG.L
- 1D
- -0.25%
- 1M
- -0.65%
- YTD
- -0.55%
- 6M
- -0.11%
- 1Y
- 1.68%
- 3Y*
- 2.34%
- 5Y*
- -1.14%
- 10Y*
- 0.21%
AGGG.L
- 1D
- -0.06%
- 1M
- 0.52%
- YTD
- 0.13%
- 6M
- -0.04%
- 1Y
- 3.57%
- 3Y*
- 0.78%
- 5Y*
- -0.67%
- 10Y*
- —
XGSG.L vs. AGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | -0.55% | 3.60% | 1.17% | 4.98% | -13.98% | -2.55% | 5.20% | 5.68% | 0.69% | -0.28% |
AGGG.L iShares Global Aggregate Bond UCITS Dist | 0.13% | 0.27% | 0.32% | 0.11% | -5.91% | -4.54% | 6.20% | 2.77% | 4.41% | -1.06% |
Correlation
The correlation between XGSG.L and AGGG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2017 | 0.41 |
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Return for Risk
XGSG.L vs. AGGG.L — Risk / Return Rank
XGSG.L
AGGG.L
XGSG.L vs. AGGG.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 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.
| XGSG.L | AGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.84 | -0.32 |
| Martin ratioReturn relative to average drawdown | 1.47 | 1.82 | -0.34 |
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 | AGGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.59 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.08 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.03 | +0.34 |
Drawdowns
XGSG.L vs. AGGG.L - Drawdown Comparison
The maximum XGSG.L drawdown since its inception was -18.53%, roughly equal to the maximum AGGG.L drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for XGSG.L and AGGG.L.
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Drawdown Indicators
| XGSG.L | AGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -19.18% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -4.23% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -5.59% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -14.31% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -18.53% | — | — |
Current DrawdownCurrent decline from peak | -9.05% | -13.19% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -9.26% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.96% | -0.82% |
Volatility
XGSG.L vs. AGGG.L - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) is 1.40%, while iShares Global Aggregate Bond UCITS Dist (AGGG.L) has a volatility of 1.90%. This indicates that XGSG.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
| XGSG.L | AGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.90% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 4.98% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 6.05% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 7.84% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 8.39% | -3.84% |
XGSG.L vs. AGGG.L - Expense Ratio Comparison
XGSG.L has a 0.25% 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
XGSG.L vs. AGGG.L - Dividend Comparison
XGSG.L's dividend yield for the trailing twelve months is around 2.86%, less than AGGG.L's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.17% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% | 0.00% | 0.00% | 0.00% |
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | 2.86% | 2.60% | 2.64% | 1.78% | 2.68% | 1.62% | 0.96% | 0.70% | 0.61% | 0.74% | 0.92% | 0.67% |
Frequently Asked Questions
XGSG.L and AGGG.L have a correlation of 0.36, 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 0.25% for XGSG.L.
XGSG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while AGGG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGSG.L and 0.10% for AGGG.L.
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