10AK.DE vs. SPFB.DE
10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) and SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) are both Global Bonds funds - 10AK.DE tracks the JP Morgan Government Bond Global while SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged). Both are passively managed. Over the past 5 years, 10AK.DE returned -2.43%/yr vs 0.23%/yr for SPFB.DE. A 0.60 correlation means they provide meaningful diversification when combined. 10AK.DE charges 0.20%/yr vs 0.10%/yr for SPFB.DE.
Performance
10AK.DE vs. SPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 10AK.DE achieves a 0.09% return, which is significantly lower than SPFB.DE's 0.61% return.
10AK.DE
- 1D
- 0.01%
- 1M
- 0.11%
- YTD
- 0.09%
- 6M
- -0.56%
- 1Y
- -1.76%
- 3Y*
- -1.30%
- 5Y*
- -2.43%
- 10Y*
- —
SPFB.DE
- 1D
- 0.21%
- 1M
- 0.06%
- YTD
- 0.61%
- 6M
- 0.86%
- 1Y
- 3.47%
- 3Y*
- 3.94%
- 5Y*
- 0.23%
- 10Y*
- —
10AK.DE vs. SPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 0.09% | -5.55% | 2.06% | 0.12% | -12.21% | 1.15% | -0.06% | 8.09% | 6.39% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.61% | 4.84% | 2.82% | 5.74% | -12.07% | -1.58% | 4.34% | 6.46% | 1.06% |
Correlation
The correlation between 10AK.DE and SPFB.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.60 |
The correlation between 10AK.DE and SPFB.DE shifts across timeframes, from 0.50 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AK.DE vs. SPFB.DE — Risk / Return Rank
10AK.DE
SPFB.DE
10AK.DE vs. SPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE). 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.
| 10AK.DE | SPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.20 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.46 | -2.13 |
| Martin ratioReturn relative to average drawdown | -1.23 | 4.25 | -5.49 |
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
| 10AK.DE | SPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 1.12 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.05 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.34 | -0.38 |
Drawdowns
10AK.DE vs. SPFB.DE - Drawdown Comparison
The maximum 10AK.DE drawdown since its inception was -20.98%, which is greater than SPFB.DE's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for 10AK.DE and SPFB.DE.
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Drawdown Indicators
| 10AK.DE | SPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -15.78% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.31% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -8.61% | -3.59% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -15.55% | -1.98% |
Current DrawdownCurrent decline from peak | -20.12% | -1.01% | -19.11% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -4.52% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.79% | +0.90% |
Volatility
10AK.DE vs. SPFB.DE - Volatility Comparison
The current volatility for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) is 1.04%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) has a volatility of 1.39%. This indicates that 10AK.DE experiences smaller price fluctuations and is considered to be less risky than SPFB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AK.DE | SPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.39% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.47% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.01% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 4.35% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 3.84% | +2.33% |
10AK.DE vs. SPFB.DE - Expense Ratio Comparison
10AK.DE has a 0.20% expense ratio, which is higher than SPFB.DE'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
10AK.DE vs. SPFB.DE - Dividend Comparison
10AK.DE's dividend yield for the trailing twelve months is around 2.62%, less than SPFB.DE's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 2.62% | 2.63% | 2.07% | 1.79% | 1.61% | 1.39% | 1.68% | 1.82% | 0.58% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% |
Frequently Asked Questions
10AK.DE and SPFB.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFB.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for 10AK.DE.
10AK.DE tracks JP Morgan Government Bond Global, while SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.20% for 10AK.DE and 0.10% for SPFB.DE.
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