AHYA.DE vs. SYBZ.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE).

AHYA.DE and SYBZ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHYA.DE is a passively managed fund by Amundi that tracks the performance of the JP Morgan Government Bond Global (USD Hedged). It was launched on Jun 1, 2022. SYBZ.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate Bond. It was launched on Jan 26, 2018. Both AHYA.DE and SYBZ.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AHYA.DE vs. SYBZ.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD	-0.15%	3.73%	1.27%	5.70%	-2.53%
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF	-1.00%	8.07%	-1.97%	4.62%	-1.27%

Different Trading Currencies

AHYA.DE is traded in USD, while SYBZ.DE is traded in EUR. To make them comparable, the SYBZ.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 -0.15% return, which is significantly higher than SYBZ.DE's -1.00% return.

AHYA.DE

• 1D: -0.11%
• 1M: -1.12%
• YTD: -0.15%
• 6M: 0.30%
• 1Y: 2.16%
• 3Y*: 2.32%
• 5Y*: —
• 10Y*: —

SYBZ.DE

• 1D: -0.15%
• 1M: -1.66%
• YTD: -1.00%
• 6M: -0.99%
• 1Y: 3.81%
• 3Y*: 2.10%
• 5Y*: -1.78%
• 10Y*: —

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

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

AHYA.DE has a 0.22% expense ratio, which is higher than SYBZ.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%.

AHYA.DE

Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD

SYBZ.DE

SPDR Bloomberg Global Aggregate Bond UCITS ETF

Return for Risk

AHYA.DE vs. SYBZ.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: 24
AHYA.DE Sharpe Ratio Rank: 30
AHYA.DE Sortino Ratio Rank: 27
AHYA.DE Omega Ratio Rank: 24
AHYA.DE Calmar Ratio Rank: 19
AHYA.DE Martin Ratio Rank: 18

SYBZ.DE

SYBZ.DE Risk / Return Rank: 4
SYBZ.DE Sharpe Ratio Rank: 4
SYBZ.DE Sortino Ratio Rank: 3
SYBZ.DE Omega Ratio Rank: 3
SYBZ.DE Calmar Ratio Rank: 4
SYBZ.DE Martin Ratio Rank: 6

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. SYBZ.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 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.

	AHYA.DE	SYBZ.DE	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.59	+0.02
Sortino ratio Return per unit of downside risk	0.88	0.92	-0.04
Omega ratio Gain probability vs. loss probability	1.11	1.11	-0.01
Calmar ratio Return relative to maximum drawdown	0.53	1.28	-0.76
Martin ratio Return relative to average drawdown	1.43	3.89	-2.46
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. SYBZ.DE - Sharpe Ratio Comparison

The current AHYA.DE Sharpe Ratio is 0.61, which is comparable to the SYBZ.DE Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of AHYA.DE and SYBZ.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AHYA.DE	SYBZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.59	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.00	+0.44

Correlation

The correlation between AHYA.DE and SYBZ.DE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AHYA.DE vs. SYBZ.DE - Dividend Comparison

AHYA.DE has not paid dividends to shareholders, while SYBZ.DE's dividend yield for the trailing twelve months is around 2.69%.

	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%
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF	2.69%	2.96%	2.51%	1.86%	1.38%	0.98%	1.40%	1.41%	0.70%

Drawdowns

AHYA.DE vs. SYBZ.DE - Drawdown Comparison

The maximum AHYA.DE drawdown since its inception was -8.05%, smaller than the maximum SYBZ.DE drawdown of -26.26%. Use the drawdown chart below to compare losses from any high point for AHYA.DE and SYBZ.DE.

Drawdown Indicators

	AHYA.DE	SYBZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-16.33%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-4.56%	+2.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.01%	—
Current Drawdown Current decline from peak	-1.84%	-11.97%	+10.13%
Average Drawdown Average peak-to-trough decline	-2.54%	-7.46%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	3.30%	-2.36%

Volatility

AHYA.DE vs. SYBZ.DE - Volatility Comparison

The current volatility for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) is 1.47%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) has a volatility of 2.23%. This indicates that AHYA.DE experiences smaller price fluctuations and is considered to be less risky than SYBZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYA.DE	SYBZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	2.23%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	3.62%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	6.59%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	7.46%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	7.12%	-2.46%