AEGE.DE vs. HGGA.DE
AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged) while HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, AEGE.DE returned 2.11%/yr vs 0.90%/yr for HGGA.DE. At a 0.08 correlation, their price movements are largely independent. AEGE.DE charges 0.10%/yr vs 0.18%/yr for HGGA.DE.
Performance
AEGE.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AEGE.DE achieves a -0.17% return, which is significantly lower than HGGA.DE's 1.31% return.
AEGE.DE
- 1D
- 0.20%
- 1M
- -0.55%
- YTD
- -0.17%
- 6M
- -0.28%
- 1Y
- 1.10%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
AEGE.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.17% | 2.29% | 1.46% | 4.27% | -12.51% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
Correlation
The correlation between AEGE.DE and HGGA.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.08 |
The correlation between AEGE.DE and HGGA.DE shifts across timeframes, from -0.07 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AEGE.DE vs. HGGA.DE — Risk / Return Rank
AEGE.DE
HGGA.DE
AEGE.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.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.
| AEGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.08 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.07 | 0.17 | +0.90 |
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
| AEGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.05 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.04 | -0.41 |
Drawdowns
AEGE.DE vs. HGGA.DE - Drawdown Comparison
The maximum AEGE.DE drawdown since its inception was -17.22%, 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 AEGE.DE and HGGA.DE.
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Drawdown Indicators
| AEGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -8.58% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.04% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -6.78% | +2.80% |
Current DrawdownCurrent decline from peak | -8.37% | -4.56% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -4.18% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.02% | -0.03% |
Volatility
AEGE.DE vs. HGGA.DE - Volatility Comparison
iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) has a higher volatility of 1.77% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that AEGE.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
| AEGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.53% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.33% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 3.42% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 4.98% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 4.98% | -0.20% |
AEGE.DE vs. HGGA.DE - Expense Ratio Comparison
AEGE.DE has a 0.10% 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
AEGE.DE vs. HGGA.DE - Dividend Comparison
Neither AEGE.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
AEGE.DE and HGGA.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for HGGA.DE.
AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged), while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.10% for AEGE.DE and 0.18% for HGGA.DE.
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