AHYF.DE vs. HGGA.DE
AHYF.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF USD) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - AHYF.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral while HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, AHYF.DE returned 1.07%/yr vs 0.90%/yr for HGGA.DE. Their correlation of 0.89 suggests significant overlap in exposure. AHYF.DE charges 0.14%/yr vs 0.18%/yr for HGGA.DE.
Performance
AHYF.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYF.DE achieves a 0.87% return, which is significantly lower than HGGA.DE's 1.31% return.
AHYF.DE
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 0.87%
- 6M
- 0.48%
- 1Y
- -0.11%
- 3Y*
- 1.07%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
AHYF.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF USD | 0.87% | -3.21% | 5.06% | 0.94% | -4.47% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -3.48% |
Correlation
The correlation between AHYF.DE and HGGA.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.89 |
The correlation between AHYF.DE and HGGA.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
AHYF.DE vs. HGGA.DE — Risk / Return Rank
AHYF.DE
HGGA.DE
AHYF.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.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.
| AHYF.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.08 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.12 | 0.17 | -0.29 |
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
| AHYF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.05 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.04 | -0.10 |
Drawdowns
AHYF.DE vs. HGGA.DE - Drawdown Comparison
The maximum AHYF.DE drawdown since its inception was -8.40%, roughly equal to the maximum HGGA.DE drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for AHYF.DE and HGGA.DE.
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Drawdown Indicators
| AHYF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.40% | -8.58% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -2.04% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.93% | -6.78% | +0.85% |
Current DrawdownCurrent decline from peak | -4.19% | -4.56% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -4.18% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.02% | -0.11% |
Volatility
AHYF.DE vs. HGGA.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.DE) is 0.46%, while HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) has a volatility of 0.53%. This indicates that AHYF.DE experiences smaller price fluctuations and is considered to be less risky 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
| AHYF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.53% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 2.33% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.42% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 4.98% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 4.98% | -0.52% |
AHYF.DE vs. HGGA.DE - Expense Ratio Comparison
AHYF.DE has a 0.14% 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
AHYF.DE vs. HGGA.DE - Dividend Comparison
Neither AHYF.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, AHYF.DE and HGGA.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, AHYF.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYF.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for HGGA.DE.
AHYF.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral, 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: 0.14% for AHYF.DE and 0.18% for HGGA.DE.
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