10AK.DE vs. SPFE.DE
10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) and SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) are both Global Bonds funds - 10AK.DE tracks the JP Morgan Government Bond Global while SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, 10AK.DE returned -2.43%/yr vs -1.22%/yr for SPFE.DE. A 0.57 correlation means they provide meaningful diversification when combined. 10AK.DE charges 0.20%/yr vs 0.10%/yr for SPFE.DE.
Performance
10AK.DE vs. SPFE.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 higher than SPFE.DE's -0.14% 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*
- —
SPFE.DE
- 1D
- 0.23%
- 1M
- -0.25%
- YTD
- -0.14%
- 6M
- -0.08%
- 1Y
- 1.45%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
10AK.DE vs. SPFE.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% |
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
Correlation
The correlation between 10AK.DE and SPFE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.57 |
The correlation between 10AK.DE and SPFE.DE shifts across timeframes, from 0.47 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AK.DE vs. SPFE.DE — Risk / Return Rank
10AK.DE
SPFE.DE
10AK.DE vs. SPFE.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 EUR Hedged (SPFE.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 | SPFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.07 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.47 | -1.14 |
| Martin ratioReturn relative to average drawdown | -1.23 | 1.36 | -2.59 |
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 | SPFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 0.40 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.27 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.04 | -0.08 |
Drawdowns
10AK.DE vs. SPFE.DE - Drawdown Comparison
The maximum 10AK.DE drawdown since its inception was -20.98%, which is greater than SPFE.DE's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for 10AK.DE and SPFE.DE.
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Drawdown Indicators
| 10AK.DE | SPFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -17.25% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.73% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.61% | -3.98% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -16.61% | -0.92% |
Current DrawdownCurrent decline from peak | -20.12% | -8.27% | -11.85% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -6.51% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.95% | +0.74% |
Volatility
10AK.DE vs. SPFE.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 EUR Hedged (SPFE.DE) has a volatility of 1.55%. This indicates that 10AK.DE experiences smaller price fluctuations and is considered to be less risky than SPFE.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 | SPFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.55% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.67% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.23% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 4.55% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 4.06% | +2.11% |
10AK.DE vs. SPFE.DE - Expense Ratio Comparison
10AK.DE has a 0.20% expense ratio, which is higher than SPFE.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. SPFE.DE - Dividend Comparison
10AK.DE's dividend yield for the trailing twelve months is around 2.62%, less than SPFE.DE's 3.12% 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% |
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
Frequently Asked Questions
10AK.DE and SPFE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.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 SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.20% for 10AK.DE and 0.10% for SPFE.DE.
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