AHYH.DE vs. DBZB.DE
AHYH.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both Global Bonds funds - AHYH.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral (EUR Hedged) while DBZB.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 3 years, AHYH.DE returned 2.59%/yr vs 0.76%/yr for DBZB.DE. A 0.66 correlation means they provide meaningful diversification when combined. AHYH.DE charges 0.16%/yr vs 0.25%/yr for DBZB.DE.
Performance
AHYH.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYH.DE achieves a -0.20% return, which is significantly higher than DBZB.DE's -0.71% return.
AHYH.DE
- 1D
- -0.01%
- 1M
- 0.03%
- YTD
- -0.20%
- 6M
- -0.02%
- 1Y
- 1.25%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
AHYH.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYH.DE Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR | -0.20% | 3.12% | 2.55% | 3.20% | 0.34% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -0.14% |
Correlation
The correlation between AHYH.DE and DBZB.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.66 |
The correlation between AHYH.DE and DBZB.DE shifts across timeframes, from 0.55 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AHYH.DE vs. DBZB.DE — Risk / Return Rank
AHYH.DE
DBZB.DE
AHYH.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| AHYH.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.00 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.01 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.89 | -0.04 | +1.93 |
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
| AHYH.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | -0.01 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.22 | +0.57 |
Drawdowns
AHYH.DE vs. DBZB.DE - Drawdown Comparison
The maximum AHYH.DE drawdown since its inception was -1.86%, smaller than the maximum DBZB.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for AHYH.DE and DBZB.DE.
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Drawdown Indicators
| AHYH.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.86% | -21.88% | +20.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -3.52% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -5.14% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -0.94% | -16.44% | +15.50% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -5.97% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.26% | -0.71% |
Volatility
AHYH.DE vs. DBZB.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.DE) is 0.61%, while Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a volatility of 1.48%. This indicates that AHYH.DE experiences smaller price fluctuations and is considered to be less risky than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYH.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.48% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 3.06% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 3.86% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 5.37% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 4.74% | -1.67% |
AHYH.DE vs. DBZB.DE - Expense Ratio Comparison
AHYH.DE has a 0.16% expense ratio, which is lower than DBZB.DE's 0.25% 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
AHYH.DE vs. DBZB.DE - Dividend Comparison
Neither AHYH.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
AHYH.DE and DBZB.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYH.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYH.DE is cheaper with a 0.16% expense ratio, compared with 0.25% for DBZB.DE.
AHYH.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral (EUR Hedged), while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.16% for AHYH.DE and 0.25% for DBZB.DE.
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