AHYA.DE vs. SPFU.DE
AHYA.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD) and SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) are both Global Bonds funds - AHYA.DE tracks the JP Morgan Government Bond Global (USD Hedged) while SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged). Both are passively managed. Over the past 3 years, AHYA.DE returned 2.70%/yr vs 4.06%/yr for SPFU.DE. Their correlation of 0.92 suggests significant overlap in exposure. AHYA.DE charges 0.22%/yr vs 0.10%/yr for SPFU.DE.
Performance
AHYA.DE vs. SPFU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYA.DE achieves a -0.04% return, which is significantly lower than SPFU.DE's 0.44% return.
AHYA.DE
- 1D
- 0.00%
- 1M
- -0.38%
- 6M
- -0.27%
- YTD
- -0.04%
- 1Y
- 2.24%
- 3Y*
- 2.70%
- 5Y*
- —
- 10Y*
- —
SPFU.DE
- 1D
- -0.10%
- 1M
- -0.52%
- 6M
- 0.15%
- YTD
- 0.44%
- 1Y
- 3.19%
- 3Y*
- 4.06%
- 5Y*
- 0.43%
- 10Y*
- —
AHYA.DE vs. SPFU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD | -0.04% | 3.73% | 1.27% | 5.70% | -4.65% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.44% | 4.89% | 3.05% | 6.77% | -3.65% |
Correlation
The correlation between AHYA.DE and SPFU.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2022 | 0.92 |
The correlation between AHYA.DE and SPFU.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
AHYA.DE vs. SPFU.DE — Risk / Return Rank
AHYA.DE
SPFU.DE
AHYA.DE vs. SPFU.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 State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHYA.DE | SPFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.42 | -0.67 |
| Martin ratioReturn relative to average drawdown | 1.93 | 3.87 | -1.94 |
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Drawdowns
AHYA.DE vs. SPFU.DE - Drawdown Comparison
The maximum AHYA.DE drawdown since its inception was -8.05%, smaller than the maximum SPFU.DE drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for AHYA.DE and SPFU.DE.
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Drawdown Indicators
| AHYA.DE | SPFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.05% | -15.24% | +7.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.24% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.42% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.00% | — |
Current DrawdownCurrent decline from peak | -1.73% | -1.14% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -3.72% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.82% | +0.34% |
Volatility
AHYA.DE vs. SPFU.DE - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) has a higher volatility of 1.00% compared to State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) at 0.87%. This indicates that AHYA.DE's price experiences larger fluctuations and is considered to be riskier than SPFU.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 | SPFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.87% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.56% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.08% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 4.26% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 3.80% | +0.87% |
AHYA.DE vs. SPFU.DE - Expense Ratio Comparison
AHYA.DE has a 0.22% expense ratio, which is higher than SPFU.DE's 0.10% 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. SPFU.DE - Dividend Comparison
AHYA.DE has not paid dividends to shareholders, while SPFU.DE's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.15% | 3.03% | 2.73% | 2.02% | 1.41% | 1.22% | 1.51% | 1.25% | 0.89% |
Frequently Asked Questions
With a correlation of 0.93, AHYA.DE and SPFU.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.
On fees, SPFU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFU.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for AHYA.DE.
AHYA.DE tracks JP Morgan Government Bond Global (USD Hedged), while SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.22% for AHYA.DE and 0.10% for SPFU.DE.
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