8OUU.DE vs. HGGA.DE
8OUU.DE (Amundi Global Aggregate SRI UCITS ETF) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - 8OUU.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral while HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, 8OUU.DE returned -0.08%/yr vs 0.90%/yr for HGGA.DE. A 0.66 correlation means they provide meaningful diversification when combined. 8OUU.DE charges 0.14%/yr vs 0.18%/yr for HGGA.DE.
Performance
8OUU.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8OUU.DE achieves a 0.38% return, which is significantly lower than HGGA.DE's 1.31% return.
8OUU.DE
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 0.38%
- 6M
- -0.14%
- 1Y
- -0.73%
- 3Y*
- -0.08%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
8OUU.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8OUU.DE Amundi Global Aggregate SRI UCITS ETF | 0.38% | -3.96% | 2.49% | 1.79% | -7.74% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -2.40% |
Correlation
The correlation between 8OUU.DE and HGGA.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2022 | 0.66 |
The correlation between 8OUU.DE and HGGA.DE has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
8OUU.DE vs. HGGA.DE — Risk / Return Rank
8OUU.DE
HGGA.DE
8OUU.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI UCITS ETF (8OUU.DE) and HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.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.
| 8OUU.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.08 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.80 | 0.17 | -0.97 |
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
| 8OUU.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.05 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.04 | -0.33 |
Drawdowns
8OUU.DE vs. HGGA.DE - Drawdown Comparison
The maximum 8OUU.DE drawdown since its inception was -12.83%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for 8OUU.DE and HGGA.DE.
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Drawdown Indicators
| 8OUU.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -8.58% | -4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.04% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.94% | -6.78% | -0.16% |
Current DrawdownCurrent decline from peak | -9.22% | -4.56% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -4.18% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.02% | +0.28% |
Volatility
8OUU.DE vs. HGGA.DE - Volatility Comparison
Amundi Global Aggregate SRI UCITS ETF (8OUU.DE) has a higher volatility of 1.00% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that 8OUU.DE's price experiences larger fluctuations and is considered to be riskier than HGGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8OUU.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.53% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.33% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.42% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 4.98% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 4.98% | +1.07% |
8OUU.DE vs. HGGA.DE - Expense Ratio Comparison
8OUU.DE has a 0.14% expense ratio, which is lower than HGGA.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
8OUU.DE vs. HGGA.DE - Dividend Comparison
Neither 8OUU.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
8OUU.DE and HGGA.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8OUU.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8OUU.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for HGGA.DE.
8OUU.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral, while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.14% for 8OUU.DE and 0.18% for HGGA.DE.
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