AEGE.DE vs. SYBZ.DE
AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds - AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged) while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 3 years, AEGE.DE returned 2.11%/yr vs 0.32%/yr for SYBZ.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
AEGE.DE vs. SYBZ.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 SYBZ.DE's 0.96% return.
AEGE.DE
- 1D
- 0.20%
- 1M
- -0.55%
- YTD
- -0.17%
- 6M
- -0.28%
- 1Y
- 1.10%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
SYBZ.DE
- 1D
- -0.01%
- 1M
- 0.44%
- YTD
- 0.96%
- 6M
- 0.50%
- 1Y
- 0.26%
- 3Y*
- 0.32%
- 5Y*
- -1.06%
- 10Y*
- —
AEGE.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.17% | 2.29% | 1.46% | 4.27% | -13.83% | -1.57% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 0.96% | -4.27% | 3.98% | 1.41% | -11.02% | 1.39% |
Correlation
The correlation between AEGE.DE and SYBZ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.52 |
The correlation between AEGE.DE and SYBZ.DE shifts across timeframes, from 0.39 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AEGE.DE vs. SYBZ.DE — Risk / Return Rank
AEGE.DE
SYBZ.DE
AEGE.DE vs. SYBZ.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.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 | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.04 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.07 | 0.07 | +1.00 |
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 | SYBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.02 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.15 | -0.52 |
Drawdowns
AEGE.DE vs. SYBZ.DE - Drawdown Comparison
The maximum AEGE.DE drawdown since its inception was -17.22%, which is greater than SYBZ.DE's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for AEGE.DE and SYBZ.DE.
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Drawdown Indicators
| AEGE.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -16.33% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.33% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -7.58% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.01% | — |
Current DrawdownCurrent decline from peak | -8.37% | -11.83% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -7.57% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.27% | -0.28% |
Volatility
AEGE.DE vs. SYBZ.DE - Volatility Comparison
iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) has a higher volatility of 1.77% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) at 0.99%. This indicates that AEGE.DE's price experiences larger fluctuations and is considered to be riskier than SYBZ.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 | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.99% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.53% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 3.62% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 6.40% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 6.21% | -1.43% |
AEGE.DE vs. SYBZ.DE - Expense Ratio Comparison
Both AEGE.DE and SYBZ.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AEGE.DE vs. SYBZ.DE - Dividend Comparison
AEGE.DE has not paid dividends to shareholders, while SYBZ.DE's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.68% | 2.96% | 2.51% | 1.86% | 1.38% | 0.98% | 1.40% | 1.41% | 0.70% |
Frequently Asked Questions
AEGE.DE and SYBZ.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE and SYBZ.DE have the same expense ratio: 0.10% per year.
AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged), while SYBZ.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: iShares and State Street.
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