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Rebalix
Comparison report · official data side by side

AGGNZX vs GLAG

AGGNZX — iShares Core Global Aggregate Bond UCITS ETF · NZD Hedged
IE00BYV3HN70 · Bonds · Aggregate · Broad (all maturities) · Global
GLAG — State Street® SPDR® Bloomberg Global Aggregate Bond UCITS ETF (Dist)
IE00B43QJJ40 · Bonds · Aggregate · Broad (all maturities) · Global
Open the interactive comparison on rebalix.com →

Comparison window: 5 Sept 2018 → 31 Aug 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared

Report produced on 5 September 2026 · data as of the dates shown per section
Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat
Public methodology: rebalix.com/en/methodology

Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.

RebalixAGGNZX vs GLAG · report of 5 September 2026

The funds at a glance

From official issuer documents and the ESMA register
AGGNZXIE00BYV3HN70iShares Core Global Aggregate Bond UCITS ETF · NZD HedgedBonds · Aggregate · Broad (all maturities) · Global
Declared index
Bloomberg Global Aggregate Bond Index
TER
0.15%
Transaction (KID)
0.00%
Fund size
127 mln EUR
Launch
6 Sept 2018
Currency
NZD
Replication
Physical (optimised)
Hedging
Yes — in NZD
Holdings
19,979
Duration
6.02 yrs
Distributions 12m
acc.
Effective 🇮🇹 rate
18.41%
GLAGIE00B43QJJ40State Street® SPDR® Bloomberg Global Aggregate Bond UCITS ETF (Dist)Bonds · Aggregate · Broad (all maturities) · Global
Declared index
Bloomberg Global Aggregate Bond Index
TER
0.10%
Transaction (KID)
0.01%
Fund size
4.4 mld EUR
Launch
25 Jan 2018
Currency
USD
Replication
Physical (sampled)
Hedging
No
Holdings
10,109
Duration
6.20 yrs
Distributions 12m
0.8415 USD
Effective 🇮🇹 rate
18.10%

Tracking difference — year by year

Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
AGGNZXn/d
hedged class: the published index is unhedged, the gap would measure the exchange rate — see AGAC
—
GLAG3y avg: −0.13%/anno
2025
−0.07%
2024
−0.14%
2023
−0.17%
2022
−0.13%
2021
−0.15%
2020
−0.23%
Rebalix · AGGNZX vs GLAGsection 1 of 4
RebalixAGGNZX vs GLAG · report of 5 September 2026
AGGNZX — iShares Core Global Aggregate Bond UCITS ETF · NZD Hedged · IE00BYV3HN70 · Bonds · Aggregate · Broad (all maturities) · Global
GLAG — State Street® SPDR® Bloomberg Global Aggregate Bond UCITS ETF (Dist) · IE00B43QJJ40 · Bonds · Aggregate · Broad (all maturities) · Global

Performance over the period, in euro

From 5 Sept 2018 to 31 Aug 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
10012378100103
In today’s purchasing power (net of Italy inflation)
100123788184
AGGNZXGLAG
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.

How far they fell — drawdown from peak (nominal)

In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
0%-5%-10%-15%-20%-25%-30%AGGNZXGLAG20192020202120222023202420252026trough AGGNZX: −22.8% · 23 Oct 2023trough GLAG: −23.1% · 21 Aug 2026
Filled area: AGGNZX; thin lines: the other funds.
The worst episode, fund by fund
FundMax drawdownTroughRecovery timeUnderwater
AGGNZX−22.8%23 Oct 2023not yet1,746 days (ongoing)
GLAG−23.1%21 Aug 2026not yet2,307 days (ongoing)
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.

Drawdown net of Italy inflation

Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
0%-10%-20%-30%-40%-50%AGGNZXGLAG20192020202120222023202420252026trough AGGNZX: −35.6% · 07 Apr 2026trough GLAG: −38.7% · 21 Aug 2026
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · AGGNZX vs GLAGsection 2 of 4
RebalixAGGNZX vs GLAG · report of 5 September 2026
AGGNZX — iShares Core Global Aggregate Bond UCITS ETF · NZD Hedged · IE00BYV3HN70 · Bonds · Aggregate · Broad (all maturities) · Global
GLAG — State Street® SPDR® Bloomberg Global Aggregate Bond UCITS ETF (Dist) · IE00B43QJJ40 · Bonds · Aggregate · Broad (all maturities) · Global

Geographic composition

% of portfolio, from full declared holdings
◀ AGGNZXGLAG ▶United States29.3%0.0%China10.8%0.0%Japan7.3%0.0%France3.1%0.0%

Sector composition

GICS sectors, same sources and dates
◀ AGGNZXGLAG ▶Treasuries52.8%0.0%Agency Fixed Rate9.3%0.0%Owned No Guarantee4.7%0.0%Cash and/or Derivatives2.5%0.0%Supranational2.1%0.0%Local Authority1.6%0.0%Government Guaranteed1.1%0.0%Sovereign0.5%0.0%

Portfolio overlap

0 common holdings · ticker match on full official portfolios
25%50%75%100%Weight of common holdings in AGGNZX0.0%Weight of common holdings in GLAG0.0%Truly shared part (duplicated investment)0.0%
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 0 common holdings this gives 0.0%: buying both funds, roughly this share of your money buys the same stocks twice. Note: the published portfolio does not cover the whole fund (AGGNZX: 74% · GLAG: 100%) — overlap is computed on the published part and should be read as a floor.
Rebalix · AGGNZX vs GLAGsection 3 of 4
RebalixAGGNZX vs GLAG · report of 5 September 2026

Full comparison table

"—" = not published by the source, never estimated
AGGNZX — iShares Core Global Aggregate Bond UCITS ETF · NZD Hedged · IE00BYV3HN70 · Bonds · Aggregate · Broad (all maturities) · Global
GLAG — State Street® SPDR® Bloomberg Global Aggregate Bond UCITS ETF (Dist) · IE00B43QJJ40 · Bonds · Aggregate · Broad (all maturities) · Global
MetricAGGNZXGLAGNote
Identity
CategoryBonds · Aggregate · Broad (all maturities) · GlobalBonds · Aggregate · Broad (all maturities) · GlobalRebalix engine classification
ReplicationPhysical (optimised)Physical (sampled)as declared by the issuer
Currency hedgingYes — hedged to NZDNosource: class name, factsheet
Income policyaccumulatingdistributing—
Costs
TER0.15%0.10%from the KID
Transaction costs (KID)0.00%0.01%internal
All-in cost0.15%0.11%TER + transaction
Tracking difference (3a)—−0.13%vs its OWN index
Performance in euro (ECB rates)
1 year+1.3%+1.5%—
3 years+2.3%+4.2%—
5 years−15.4%−7.2%—
10 years——— = series younger than the window
Risk · last 3 years
Volatility (ann.)+3.57%+5.44%—
Max drawdown−2.79%−6.90%—
Sharpe0.03-0.43risk-free = ECB MRO avg
Sortino0.05-0.58like Sharpe, downside only
Fixed income
Duration6.02 yrs (eff.)6.20 yrs (eff.)AGGNZX: issuer page 20 Aug 2026 · GLAG: factsheet 31 Jul 2026
Duration bandmedium (3–7 years)medium (3–7 years)short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share95.4%99.9%BBB−/Baa3 and above
Heaviest rating bucketAA (37.9%)Aa (38.6%)—
Most represented maturity7–10 years (20.2%)1–3 years (24.4%)—
Distributions (fund currency)
Frequencyaccumulating classsemi-annual—
Distributions, last 12 monthsaccumulating class0.8415 USDper share
Distribution yieldaccumulating class3.33%12 months / NAV
Last ex-dateaccumulating class3 Aug 2026 · 0.4288 USD—
Italian taxation
Effective capital-gains rate18.41%18.10%white list, current half-year
Documents & exchanges
Listing venues—9ESMA register
Borsa Italiana ticker—GLAG—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~95 euro AGGNZX · ~70 euro GLAG. Broker costs not included.

Disclaimer

This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.

Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.

Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.

Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.

Rebalix · AGGNZX vs GLAGsection 4 of 4