AHYA.DE vs. HGGA.DE
AHYA.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - AHYA.DE tracks the JP Morgan Government Bond Global (USD 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, AHYA.DE returned 2.65%/yr vs 3.65%/yr for HGGA.DE. At a 0.42 correlation, their price movements are largely independent. AHYA.DE charges 0.22%/yr vs 0.18%/yr for HGGA.DE.
Performance
AHYA.DE vs. HGGA.DE - Performance Comparison
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Different Trading Currencies
AHYA.DE is traded in USD, while HGGA.DE is traded in EUR. To make them comparable, the HGGA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AHYA.DE achieves a -0.05% return, which is significantly lower than HGGA.DE's 0.14% return.
AHYA.DE
- 1D
- 0.15%
- 1M
- 0.41%
- YTD
- -0.05%
- 6M
- -0.11%
- 1Y
- 2.06%
- 3Y*
- 2.65%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.12%
- 1M
- -0.21%
- YTD
- 0.14%
- 6M
- 0.65%
- 1Y
- 1.89%
- 3Y*
- 3.65%
- 5Y*
- —
- 10Y*
- —
AHYA.DE vs. HGGA.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% | -2.53% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 0.14% | 8.18% | -0.35% | 3.32% | 0.50% |
Correlation
The correlation between AHYA.DE and HGGA.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.42 |
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Return for Risk
AHYA.DE vs. HGGA.DE — Risk / Return Rank
AHYA.DE
HGGA.DE
AHYA.DE vs. HGGA.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 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.
| AHYA.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.74 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.97 | 1.79 | +0.18 |
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
| AHYA.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.42 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.14 | +0.29 |
Drawdowns
AHYA.DE vs. HGGA.DE - Drawdown Comparison
The maximum AHYA.DE drawdown since its inception was -8.05%, smaller than the maximum HGGA.DE drawdown of -13.47%. Use the drawdown chart below to compare losses from any high point for AHYA.DE and HGGA.DE.
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Drawdown Indicators
| AHYA.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.05% | -13.47% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.54% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -4.35% | +0.49% |
Current DrawdownCurrent decline from peak | -1.74% | -1.53% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -5.04% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.06% | -0.02% |
Volatility
AHYA.DE vs. HGGA.DE - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) has a higher volatility of 1.41% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.96%. This indicates that AHYA.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
| AHYA.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.96% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.20% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.55% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 5.56% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 5.56% | -0.89% |
AHYA.DE vs. HGGA.DE - Expense Ratio Comparison
AHYA.DE has a 0.22% expense ratio, which is higher than HGGA.DE's 0.18% 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. HGGA.DE - Dividend Comparison
Neither AHYA.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
AHYA.DE and HGGA.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.22% for AHYA.DE.
AHYA.DE tracks JP Morgan Government Bond Global (USD Hedged), 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: 0.22% for AHYA.DE and 0.18% for HGGA.DE.
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