AHYD.DE vs. HGGA.DE
AHYD.DE (Amundi Global Aggregate SRI UCITS ETF Hedged EUR) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - AHYD.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR 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, AHYD.DE returned 1.67%/yr vs 0.90%/yr for HGGA.DE. At a 0.02 correlation, their price movements are largely independent. AHYD.DE charges 0.16%/yr vs 0.18%/yr for HGGA.DE.
Performance
AHYD.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYD.DE achieves a -0.33% return, which is significantly lower than HGGA.DE's 1.31% return.
AHYD.DE
- 1D
- 0.38%
- 1M
- -0.25%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 0.67%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
AHYD.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYD.DE Amundi Global Aggregate SRI UCITS ETF Hedged EUR | -0.33% | 2.02% | 0.67% | 4.41% | -4.51% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -4.21% |
Correlation
The correlation between AHYD.DE and HGGA.DE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.02 |
The correlation between AHYD.DE and HGGA.DE shifts across timeframes, from -0.16 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AHYD.DE vs. HGGA.DE — Risk / Return Rank
AHYD.DE
HGGA.DE
AHYD.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI UCITS ETF Hedged EUR (AHYD.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.
| AHYD.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.08 | +0.11 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.17 | +0.38 |
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
| AHYD.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.05 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.04 | +0.07 |
Drawdowns
AHYD.DE vs. HGGA.DE - Drawdown Comparison
The maximum AHYD.DE drawdown since its inception was -9.20%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for AHYD.DE and HGGA.DE.
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Drawdown Indicators
| AHYD.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.20% | -8.58% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -2.04% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -6.78% | +3.00% |
Current DrawdownCurrent decline from peak | -1.74% | -4.56% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -4.18% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.02% | +0.17% |
Volatility
AHYD.DE vs. HGGA.DE - Volatility Comparison
Amundi Global Aggregate SRI UCITS ETF Hedged EUR (AHYD.DE) has a higher volatility of 1.60% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that AHYD.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
| AHYD.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 0.53% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 2.33% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.42% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 4.98% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.98% | -0.25% |
AHYD.DE vs. HGGA.DE - Expense Ratio Comparison
AHYD.DE has a 0.16% expense ratio, which is lower than HGGA.DE's 0.18% 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
AHYD.DE vs. HGGA.DE - Dividend Comparison
Neither AHYD.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
AHYD.DE and HGGA.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYD.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for HGGA.DE.
AHYD.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR 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: 0.16% for AHYD.DE and 0.18% for HGGA.DE.
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