XGSI.L vs. AGGU.L
XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both Global Bonds funds - XGSI.L tracks the Bloomberg Global Aggregate TR Hdg USD while AGGU.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, XGSI.L returned -0.67%/yr vs 0.58%/yr for AGGU.L. A 0.78 correlation means they provide meaningful diversification when combined. XGSI.L charges 0.25%/yr vs 0.10%/yr for AGGU.L.
Performance
XGSI.L vs. AGGU.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGSI.L achieves a -0.36% return, which is significantly lower than AGGU.L's 0.36% return.
XGSI.L
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- -0.36%
- 6M
- -0.28%
- 1Y
- 2.05%
- 3Y*
- 2.69%
- 5Y*
- -0.67%
- 10Y*
- —
AGGU.L
- 1D
- 0.09%
- 1M
- 0.15%
- YTD
- 0.36%
- 6M
- 0.66%
- 1Y
- 3.26%
- 3Y*
- 4.17%
- 5Y*
- 0.58%
- 10Y*
- —
XGSI.L vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | -0.36% | 3.99% | 1.24% | 5.84% | -13.31% | -2.49% | 5.86% | 7.44% | 2.26% | -0.16% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.36% | 4.72% | 3.45% | 6.71% | -11.53% | -1.81% | 5.15% | 8.16% | 1.56% | -0.15% |
Correlation
The correlation between XGSI.L and AGGU.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.78 |
The correlation between XGSI.L and AGGU.L has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
XGSI.L vs. AGGU.L — Risk / Return Rank
XGSI.L
AGGU.L
XGSI.L vs. AGGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.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.
| XGSI.L | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.45 | -0.80 |
| Martin ratioReturn relative to average drawdown | 1.81 | 4.44 | -2.63 |
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
| XGSI.L | AGGU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.06 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.12 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.40 | -0.18 |
Drawdowns
XGSI.L vs. AGGU.L - Drawdown Comparison
The maximum XGSI.L drawdown since its inception was -17.29%, which is greater than AGGU.L's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for XGSI.L and AGGU.L.
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Drawdown Indicators
| XGSI.L | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -15.55% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -2.24% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.29% | -3.48% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.39% | -15.20% | -1.19% |
Current DrawdownCurrent decline from peak | -6.48% | -1.02% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -3.90% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.73% | +0.40% |
Volatility
XGSI.L vs. AGGU.L - Volatility Comparison
Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) has a higher volatility of 1.47% compared to iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) at 1.26%. This indicates that XGSI.L's price experiences larger fluctuations and is considered to be riskier than AGGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGSI.L | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.26% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.56% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.08% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 4.77% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.43% | +0.34% |
XGSI.L vs. AGGU.L - Expense Ratio Comparison
XGSI.L has a 0.25% expense ratio, which is higher than AGGU.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
XGSI.L vs. AGGU.L - Dividend Comparison
Neither XGSI.L nor AGGU.L has paid dividends to shareholders.
Frequently Asked Questions
XGSI.L and AGGU.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.25% for XGSI.L.
XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD, while AGGU.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XGSI.L and 0.10% for AGGU.L.
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