AHYA.DE vs. AHYB.DE

Last updated Jun 5, 2026

AHYA.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD) and AHYB.DE (Amundi Global Aggregate SRI UCITS ETF Hedged USD) are both Global Bonds funds from Amundi - AHYA.DE tracks the JP Morgan Government Bond Global (USD Hedged) while AHYB.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). Both are passively managed. Over the past 3 years, AHYA.DE returned 2.65%/yr vs 3.62%/yr for AHYB.DE. Their correlation of 0.88 suggests significant overlap in exposure. AHYA.DE charges 0.22%/yr vs 0.16%/yr for AHYB.DE.

Performance

AHYA.DE vs. AHYB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHYA.DE achieves a -0.05% return, which is significantly lower than AHYB.DE's 0.29% return.

AHYA.DE

• 1D: 0.15%
• 1M: 0.41%
• YTD: -0.05%
• 6M: -0.11%
• 1Y: 2.06%
• 3Y*: 2.65%
• 5Y*: —
• 10Y*: —

AHYB.DE

• 1D: 0.28%
• 1M: 0.60%
• YTD: 0.29%
• 6M: 0.35%
• 1Y: 2.57%
• 3Y*: 3.62%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHYA.DE vs. AHYB.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD	-0.05%	3.73%	1.27%	5.70%	-2.20%
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD	0.29%	4.31%	1.94%	7.01%	-1.60%

Correlation

The correlation between AHYA.DE and AHYB.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022	0.88

The correlation between AHYA.DE and AHYB.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

AHYA.DE vs. AHYB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHYA.DE

AHYA.DE Risk / Return Rank: 18
AHYA.DE Sharpe Ratio Rank: 19
AHYA.DE Sortino Ratio Rank: 18
AHYA.DE Omega Ratio Rank: 17
AHYA.DE Calmar Ratio Rank: 18
AHYA.DE Martin Ratio Rank: 19

AHYB.DE

AHYB.DE Risk / Return Rank: 21
AHYB.DE Sharpe Ratio Rank: 22
AHYB.DE Sortino Ratio Rank: 21
AHYB.DE Omega Ratio Rank: 20
AHYB.DE Calmar Ratio Rank: 21
AHYB.DE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHYA.DE vs. AHYB.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 Hedged USD (AHYA.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.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.

	AHYA.DE	AHYB.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.58	0.72	-0.14
Sortino ratio: Return per unit of downside risk	0.87	1.08	-0.21
Omega ratio: Gain probability vs. loss probability	1.10	1.13	-0.03
Calmar ratio: Return relative to maximum drawdown	0.69	0.92	-0.23
Martin ratio: Return relative to average drawdown	1.97	2.73	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYA.DE vs. AHYB.DE - Sharpe Ratio Comparison

The current AHYA.DE Sharpe Ratio is 0.58, which is comparable to the AHYB.DE Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of AHYA.DE and AHYB.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHYA.DE	AHYB.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	0.72	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.62	-0.20

Drawdowns

AHYA.DE vs. AHYB.DE - Drawdown Comparison

The maximum AHYA.DE drawdown since its inception was -8.05%, smaller than the maximum AHYB.DE drawdown of -8.62%. Use the drawdown chart below to compare losses from any high point for AHYA.DE and AHYB.DE.

Drawdown Indicators

	AHYA.DE	AHYB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-8.62%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-2.79%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-3.86%	-3.27%	-0.59%
Current Drawdown Current decline from peak	-1.74%	-1.31%	-0.43%
Average Drawdown Average peak-to-trough decline	-2.51%	-2.13%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.94%	+0.10%

Volatility

AHYA.DE vs. AHYB.DE - Volatility Comparison

The current volatility for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) is 1.41%, while Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) has a volatility of 1.54%. This indicates that AHYA.DE experiences smaller price fluctuations and is considered to be less risky than AHYB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYA.DE	AHYB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.54%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	2.94%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	3.58%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.67%	4.74%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	4.74%	-0.07%

AHYA.DE vs. AHYB.DE - Expense Ratio Comparison

AHYA.DE has a 0.22% expense ratio, which is higher than AHYB.DE's 0.16% 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

AHYA.DE vs. AHYB.DE - Dividend Comparison

Neither AHYA.DE nor AHYB.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AHYA.DE and AHYB.DE in my portfolio?

With a correlation of 0.90, AHYA.DE and AHYB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AHYA.DE or AHYB.DE?

On fees, AHYB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AHYA.DE or AHYB.DE?

AHYB.DE is cheaper with a 0.16% expense ratio, compared with 0.22% for AHYA.DE.

What is the main difference between AHYA.DE and AHYB.DE?

AHYA.DE tracks JP Morgan Government Bond Global (USD Hedged), while AHYB.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). Their fees differ too: 0.22% for AHYA.DE and 0.16% for AHYB.DE.