AHYB.DE vs. IS0Z.DE
AHYB.DE (Amundi Global Aggregate SRI UCITS ETF Hedged USD) and IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds - AHYB.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged) while IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond. Both are passively managed. Over the past 3 years, AHYB.DE returned 3.62%/yr vs 3.94%/yr for IS0Z.DE. A 0.73 correlation means they provide meaningful diversification when combined. AHYB.DE charges 0.16%/yr vs 0.20%/yr for IS0Z.DE.
Performance
AHYB.DE vs. IS0Z.DE - Performance Comparison
Loading charts...
Different Trading Currencies
AHYB.DE is traded in USD, while IS0Z.DE is traded in EUR. To make them comparable, the IS0Z.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AHYB.DE achieves a 0.29% return, which is significantly higher than IS0Z.DE's 0.13% return.
AHYB.DE
- 1D
- 0.28%
- 1M
- -0.08%
- YTD
- 0.29%
- 6M
- 0.47%
- 1Y
- 2.89%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
IS0Z.DE
- 1D
- 0.18%
- 1M
- 0.09%
- YTD
- 0.13%
- 6M
- 0.78%
- 1Y
- 1.96%
- 3Y*
- 3.94%
- 5Y*
- -3.02%
- 10Y*
- -0.35%
AHYB.DE vs. IS0Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 0.29% | 4.31% | 1.94% | 7.01% | -1.60% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 0.11% | 10.77% | -5.01% | 7.69% | -2.88% |
Correlation
The correlation between AHYB.DE and IS0Z.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.73 |
The correlation between AHYB.DE and IS0Z.DE has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AHYB.DE vs. IS0Z.DE — Risk / Return Rank
AHYB.DE
IS0Z.DE
AHYB.DE vs. IS0Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) and iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.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.
| AHYB.DE | IS0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.39 | +0.53 |
| Martin ratioReturn relative to average drawdown | 2.73 | 0.97 | +1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AHYB.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.27 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | -0.07 | +0.69 |
Drawdowns
AHYB.DE vs. IS0Z.DE - Drawdown Comparison
The maximum AHYB.DE drawdown since its inception was -8.62%, smaller than the maximum IS0Z.DE drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for AHYB.DE and IS0Z.DE.
Loading charts...
Drawdown Indicators
| AHYB.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.62% | -33.09% | +24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -5.03% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.27% | -10.06% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.09% | — |
Current DrawdownCurrent decline from peak | -1.31% | -17.48% | +16.17% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.73% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.02% | -1.08% |
Volatility
AHYB.DE vs. IS0Z.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) is 1.54%, while iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a volatility of 2.34%. This indicates that AHYB.DE experiences smaller price fluctuations and is considered to be less risky than IS0Z.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AHYB.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 2.34% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 5.36% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 7.22% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 9.06% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 8.24% | -3.50% |
AHYB.DE vs. IS0Z.DE - Expense Ratio Comparison
AHYB.DE has a 0.16% expense ratio, which is lower than IS0Z.DE's 0.20% 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
AHYB.DE vs. IS0Z.DE - Dividend Comparison
AHYB.DE has not paid dividends to shareholders, while IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
Frequently Asked Questions
AHYB.DE and IS0Z.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AHYB.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IS0Z.DE.
AHYB.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged), while IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.16% for AHYB.DE and 0.20% for IS0Z.DE.
Find the right allocation for AHYB.DE and IS0Z.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer