AEGE.DE vs. ZPDX.DE
AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) and ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) are both exchange-traded funds - AEGE.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged), while ZPDX.DE is a Europe Equities fund tracking the STOXX® Europe 600 SRI. Both are passively managed. Over the past 3 years, AEGE.DE returned 2.11%/yr vs 12.67%/yr for ZPDX.DE. At a 0.16 correlation, their price movements are largely independent. AEGE.DE charges 0.10%/yr vs 0.12%/yr for ZPDX.DE.
Performance
AEGE.DE vs. ZPDX.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 ZPDX.DE's 6.68% return.
AEGE.DE
- 1D
- 0.20%
- 1M
- -0.55%
- YTD
- -0.17%
- 6M
- -0.28%
- 1Y
- 1.10%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
ZPDX.DE
- 1D
- 0.99%
- 1M
- 1.63%
- YTD
- 6.68%
- 6M
- 8.76%
- 1Y
- 11.73%
- 3Y*
- 12.67%
- 5Y*
- 9.14%
- 10Y*
- —
AEGE.DE vs. ZPDX.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% |
ZPDX.DE SPDR STOXX Europe 600 SRI UCITS ETF | 6.68% | 14.73% | 10.10% | 18.67% | -11.83% | 4.42% |
Correlation
The correlation between AEGE.DE and ZPDX.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.16 |
Over the past year, AEGE.DE and ZPDX.DE have become more correlated (0.40) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
AEGE.DE vs. ZPDX.DE — Risk / Return Rank
AEGE.DE
ZPDX.DE
AEGE.DE vs. ZPDX.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 STOXX Europe 600 SRI UCITS ETF (ZPDX.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 | ZPDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.10 | -0.72 |
| Martin ratioReturn relative to average drawdown | 1.07 | 3.43 | -2.36 |
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 | ZPDX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.86 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.59 | -0.96 |
Drawdowns
AEGE.DE vs. ZPDX.DE - Drawdown Comparison
The maximum AEGE.DE drawdown since its inception was -17.22%, smaller than the maximum ZPDX.DE drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for AEGE.DE and ZPDX.DE.
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Drawdown Indicators
| AEGE.DE | ZPDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -35.97% | +18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -10.73% | +7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -16.01% | +12.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.27% | — |
Current DrawdownCurrent decline from peak | -8.37% | -1.40% | -6.97% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -5.32% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.47% | -2.48% |
Volatility
AEGE.DE vs. ZPDX.DE - Volatility Comparison
The current volatility for iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) is 1.77%, while SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) has a volatility of 4.19%. This indicates that AEGE.DE experiences smaller price fluctuations and is considered to be less risky than ZPDX.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 | ZPDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 4.19% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 11.18% | -8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 13.77% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 14.29% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 16.74% | -11.96% |
AEGE.DE vs. ZPDX.DE - Expense Ratio Comparison
AEGE.DE has a 0.10% expense ratio, which is lower than ZPDX.DE's 0.12% 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. ZPDX.DE - Dividend Comparison
Neither AEGE.DE nor ZPDX.DE has paid dividends to shareholders.
Frequently Asked Questions
AEGE.DE and ZPDX.DE have a correlation of 0.40, 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 0.12% for ZPDX.DE.
AEGE.DE is categorized as Global Bonds, while ZPDX.DE is Europe Equities. AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged), while ZPDX.DE tracks STOXX® Europe 600 SRI. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for AEGE.DE and 0.12% for ZPDX.DE.
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