AHYD.DE vs. SPFV.DE
AHYD.DE (Amundi Global Aggregate SRI UCITS ETF Hedged EUR) and SPFV.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds - AHYD.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged) while SPFV.DE tracks the Bloomberg Global Aggregate Bond (USD Hedged). Both are passively managed. Over the past 3 years, AHYD.DE returned 1.67%/yr vs 1.37%/yr for SPFV.DE. At a 0.22 correlation, their price movements are largely independent. AHYD.DE charges 0.16%/yr vs 0.10%/yr for SPFV.DE.
Performance
AHYD.DE vs. SPFV.DE - Performance Comparison
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Different Trading Currencies
AHYD.DE is traded in EUR, while SPFV.DE is traded in USD. To make them comparable, the SPFV.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AHYD.DE achieves a -0.33% return, which is significantly lower than SPFV.DE's 1.67% return.
AHYD.DE
- 1D
- 0.38%
- 1M
- -0.25%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 0.67%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
SPFV.DE
- 1D
- -0.02%
- 1M
- 1.07%
- YTD
- 1.67%
- 6M
- 0.87%
- 1Y
- 1.72%
- 3Y*
- 1.37%
- 5Y*
- 1.58%
- 10Y*
- —
AHYD.DE vs. SPFV.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% |
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 1.69% | -7.02% | 9.30% | 3.44% | -7.12% |
Correlation
The correlation between AHYD.DE and SPFV.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.22 |
Over the past year, the correlation between AHYD.DE and SPFV.DE has dropped to 0.02 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
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Return for Risk
AHYD.DE vs. SPFV.DE — Risk / Return Rank
AHYD.DE
SPFV.DE
AHYD.DE vs. SPFV.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.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 | SPFV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.38 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.55 | 1.00 | -0.45 |
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 | SPFV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.29 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.03 | +0.08 |
Drawdowns
AHYD.DE vs. SPFV.DE - Drawdown Comparison
The maximum AHYD.DE drawdown since its inception was -9.20%, smaller than the maximum SPFV.DE drawdown of -11.84%. Use the drawdown chart below to compare losses from any high point for AHYD.DE and SPFV.DE.
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Drawdown Indicators
| AHYD.DE | SPFV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.20% | -11.84% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -4.56% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -11.02% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.82% | — |
Current DrawdownCurrent decline from peak | -1.74% | -7.20% | +5.46% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -6.09% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.71% | -0.52% |
Volatility
AHYD.DE vs. SPFV.DE - Volatility Comparison
Amundi Global Aggregate SRI UCITS ETF Hedged EUR (AHYD.DE) has a higher volatility of 1.60% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) at 1.18%. This indicates that AHYD.DE's price experiences larger fluctuations and is considered to be riskier than SPFV.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 | SPFV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.18% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 4.33% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 6.01% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 7.87% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 7.60% | -2.87% |
AHYD.DE vs. SPFV.DE - Expense Ratio Comparison
AHYD.DE has a 0.16% expense ratio, which is higher than SPFV.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
AHYD.DE vs. SPFV.DE - Dividend Comparison
Neither AHYD.DE nor SPFV.DE has paid dividends to shareholders.
Frequently Asked Questions
AHYD.DE and SPFV.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFV.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFV.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for AHYD.DE.
AHYD.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged), while SPFV.DE tracks Bloomberg Global Aggregate Bond (USD Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.16% for AHYD.DE and 0.10% for SPFV.DE.
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