XZWG.L vs. AEGG.L
XZWG.L (Xtrackers II ESG Global Government Bond UCITS ETF) and AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) are both Global Bonds funds - XZWG.L tracks the Bloomberg Global Aggregate TR Hdg EUR while AEGG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 3 years, XZWG.L returned 2.54%/yr vs 6.51%/yr for AEGG.L. A 0.76 correlation means they provide meaningful diversification when combined. XZWG.L charges 0.20%/yr vs 0.10%/yr for AEGG.L.
Performance
XZWG.L vs. AEGG.L - Performance Comparison
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Different Trading Currencies
XZWG.L is traded in USD, while AEGG.L is traded in GBP. To make them comparable, the AEGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XZWG.L achieves a -0.93% return, which is significantly lower than AEGG.L's 0.24% return.
XZWG.L
- 1D
- 0.17%
- 1M
- -0.13%
- YTD
- -0.93%
- 6M
- -0.55%
- 1Y
- 0.34%
- 3Y*
- 2.54%
- 5Y*
- —
- 10Y*
- —
AEGG.L
- 1D
- 0.17%
- 1M
- -0.55%
- YTD
- 0.24%
- 6M
- 1.33%
- 1Y
- 2.20%
- 3Y*
- 6.51%
- 5Y*
- —
- 10Y*
- —
XZWG.L vs. AEGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XZWG.L Xtrackers II ESG Global Government Bond UCITS ETF | -0.93% | 7.85% | -4.18% | 6.19% | -21.45% | -0.83% |
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.24% | 12.24% | 1.35% | 11.22% | -21.88% | 1.21% |
Correlation
The correlation between XZWG.L and AEGG.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.76 |
The correlation between XZWG.L and AEGG.L has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
XZWG.L vs. AEGG.L — Risk / Return Rank
XZWG.L
AEGG.L
XZWG.L vs. AEGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.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.
| XZWG.L | AEGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.41 | -0.33 |
| Martin ratioReturn relative to average drawdown | 0.19 | 0.95 | -0.76 |
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
| XZWG.L | AEGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.28 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.01 | -0.43 |
Drawdowns
XZWG.L vs. AEGG.L - Drawdown Comparison
The maximum XZWG.L drawdown since its inception was -27.49%, smaller than the maximum AEGG.L drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for XZWG.L and AEGG.L.
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Drawdown Indicators
| XZWG.L | AEGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -31.90% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -5.36% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -11.17% | +2.07% |
Current DrawdownCurrent decline from peak | -15.46% | -2.81% | -12.65% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -12.04% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.32% | -0.52% |
Volatility
XZWG.L vs. AEGG.L - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) have volatilities of 2.37% and 2.46%, 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
| XZWG.L | AEGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.46% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 5.70% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 7.93% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 10.94% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.63% | 10.94% | -2.31% |
XZWG.L vs. AEGG.L - Expense Ratio Comparison
XZWG.L has a 0.20% 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
XZWG.L vs. AEGG.L - Dividend Comparison
XZWG.L's dividend yield for the trailing twelve months is around 2.59%, while AEGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.L Xtrackers II ESG Global Government Bond UCITS ETF | 2.59% | 2.42% | 2.65% | 1.69% | 1.11% |
Frequently Asked Questions
XZWG.L and AEGG.L have a correlation of 0.77, 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 0.20% for XZWG.L.
XZWG.L tracks Bloomberg Global Aggregate TR Hdg EUR, while AEGG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: DWS and iShares. Their fees differ too: 0.20% for XZWG.L and 0.10% for AEGG.L.
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