Global IG Corporate Bond Active UCITS ETF

Global IG Corporate Bond Active UCITS ETF

About

Global IG Corporate Bond Active UCITS ETF (IE000S2QZKI8) is a UCITS-compliant bond ETF tracking the Bloomberg Global Aggregate Corporate Index Total Return USD Unhedged. With a TER of 0.25%, it is moderately priced, reinvesting dividends. The fund holds 654 positions across 21 regions with 459M in assets, with heavy concentration — 56% in United States, 79% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 2, 2026
Component Score Details
Overall 7.2 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.4 Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio (TER): 4.6
Diversification (45%) 6.4 Holding Count: 7.2 · Country Concentration: 8.0 · Sector Concentration: 2.4
Liquidity (25%) 7.1 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

ISIN
Fund Size $458.6M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication
Inception May 2025
Base Currency USD
Index Bloomberg Global Aggregate Corporate Index Total Return USD Unhedged
Asset Class Bonds
Category Aggregate Bond

Costs

8.4
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

TER0.00%
 
Metric Value
TER 0.25%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.70%
3 Months -1.26%
6 Months +0.64%
1 Year +5.73%
3 Years
5 Years
10 Years
YTD +0.38%
Since Inception +6.58%

Holdings

7.2
This fund holds 654 individual investments, offering moderate diversification compared to other ETFs.
#1
C
Cash and Cash Equivalent
1.57%
#2
S
SELP FINANCE SARL MTN RegS
0.82%
#3
C
CONSTELLATION ENERGY GENERATION LL 144A
0.77%
#4
F
Foundry JV Holdco LLC
0.66%
#5
A
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
0.62%
#6
D
Danske Bank A/S
0.61%
#7
B
Bank of America Corp
0.60%
#8
C
Charter Communications Operating LLC / Charter Communications Operating Capital
0.58%
#9
T
T-Mobile USA Inc
0.58%
#10
G
Glencore Capital Finance DAC
0.56%

Sectors

2.4
This fund is concentrated in just a few of its 10 sectors, reducing diversification.
 
Sector Weight
Corporate Bonds 7858.00%
Unknown 843.00%
Financials 837.00%
Utilities 187.00%
Consumer Discretionary 139.00%
Consumer Staples 109.00%
Technology 28.00%
Materials 28.00%
Government Bonds 24.00%
Industrials 24.00%

Regions

8.0
This fund is well-diversified across 22 countries, closely matching the global market.
 
Country Weight
United States 5640.00%
UNKNOWN 689.00%
United Kingdom 570.00%
France 422.00%
Italy 356.00%
Spain 311.00%
Netherlands 297.00%
Luxembourg 283.00%
Germany 277.00%
Ireland 250.00%
Cayman Islands 166.00%
Jersey 106.00%
Switzerland 103.00%
Canada 102.00%
Greece 98.00%
Denmark 76.00%
Australia 68.00%
Norway 54.00%
Japan 47.00%
Singapore 43.00%
Portugal 34.00%
Sweden 8.00%

Nerd Stuff

Advanced risk and return metrics (2025-05-19 — 2026-04-17).
3.1%
Volatility
-3.7%
Max Drawdown
0.48
Sharpe Ratio
0.75
Sortino Ratio
0.40
Calmar Ratio
0.24
Beta
-3.46%
Alpha (Jensen's)
0.183
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.

Broker Availability

Where you can buy this ETF.
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Savings Plan
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