AGGH vs BIV: returns, risk and drawdowns compared
iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) against Vanguard Intermediate-Term Bond ETF, over the same 7 years (July 2019 to October 2026) with dividends reinvested.
Data updated October 2026
From July 2019 to October 2026, AGGH returned 0.9% a year and BIV 1.1% a year on average, so BIV came out ahead by 2.0% a year. BIV was the more volatile of the two (6.3% against 4.6% a year), and the deepest falls from a month-end high were 17.2% for AGGH and 17.6% for BIV.
The correlation of monthly returns was 0.94: they moved almost in lockstep. Over 53 rolling 3-year periods, AGGH did better in 0% and BIV in 100%.
AGGH trades in EUR and BIV in USD: each return is in its own currency, so part of the gap reflects the move of the euro against the dollar.
Side by side
| AGGH | BIV | |
|---|---|---|
| Annual return (CAGR) | −0.9% | +1.1% |
| Total return | −6% | +8% |
| Annual volatility | 4.6% | 6.3% |
| Maximum drawdown (month-end) | −17.2% | −17.6% |
| Worst month | −3.4% | −4.3% |
| Best month | +3.3% | +4.7% |
| Positive months | 52% | 53% |
| Best year | 2023: +4.5% | 2020: +9.7% |
| Worst year | 2022: −13.4% | 2022: −13.2% |
| 1-year return | −2.6% | −2.8% |
| 5 years, a year | −1.6% | −0.1% |
| 10 years, a year | — | +1.5% |
| Trading currency | EUR | USD |
First nine rows: the same 88 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: AGGH vs BIV
Returns by calendar year
| Year | AGGH | BIV |
|---|---|---|
| 2025 | +2.4% | +8.5% |
| 2024 | +1.7% | +1.6% |
| 2023 | +4.5% | +6.1% |
| 2022 | −13.4% | −13.2% |
| 2021 | −2.7% | −2.4% |
| 2020 | +3.9% | +9.7% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, AGGH or BIV?
From July 2019 to October 2026, AGGH returned −0.9% a year and BIV +1.1% a year, with dividends reinvested, each in its own trading currency (EUR and USD). Over rolling 3-year periods AGGH did better in 0% of cases. Past returns do not predict future returns.
Which is riskier, AGGH or BIV?
Over the same months annual volatility was 4.6% for AGGH and 6.3% for BIV; the deepest fall from a month-end high was 17.2% and 17.6%, and the worst single month −3.4% and −4.3%.
How correlated are AGGH and BIV?
The correlation of their monthly returns was 0.94: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.