AHYH.DE vs. SPFE.DE

Last updated Jun 5, 2026

AHYH.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR) and SPFE.DE (SPDR Bloomberg Global Aggregate 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 SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, AHYH.DE returned 2.59%/yr vs 2.19%/yr for SPFE.DE. A 0.65 correlation means they provide meaningful diversification when combined. AHYH.DE charges 0.16%/yr vs 0.10%/yr for SPFE.DE.

Performance

AHYH.DE vs. SPFE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHYH.DE achieves a -0.20% return, which is significantly lower than SPFE.DE's -0.14% return.

AHYH.DE

• 1D: -0.01%
• 1M: 0.03%
• YTD: -0.20%
• 6M: -0.02%
• 1Y: 1.25%
• 3Y*: 2.59%
• 5Y*: —
• 10Y*: —

SPFE.DE

• 1D: 0.23%
• 1M: -0.25%
• YTD: -0.14%
• 6M: -0.08%
• 1Y: 1.45%
• 3Y*: 2.19%
• 5Y*: -1.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHYH.DE vs. SPFE.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%
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged	-0.14%	2.59%	1.43%	4.36%	1.07%

Correlation

The correlation between AHYH.DE and SPFE.DE is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.65

The correlation between AHYH.DE and SPFE.DE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

AHYH.DE vs. SPFE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHYH.DE

AHYH.DE Risk / Return Rank: 16
AHYH.DE Sharpe Ratio Rank: 16
AHYH.DE Sortino Ratio Rank: 14
AHYH.DE Omega Ratio Rank: 15
AHYH.DE Calmar Ratio Rank: 17
AHYH.DE Martin Ratio Rank: 18

SPFE.DE

SPFE.DE Risk / Return Rank: 15
SPFE.DE Sharpe Ratio Rank: 16
SPFE.DE Sortino Ratio Rank: 15
SPFE.DE Omega Ratio Rank: 14
SPFE.DE Calmar Ratio Rank: 15
SPFE.DE Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHYH.DE vs. SPFE.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.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	SPFE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.40	+0.05
Sortino ratio: Return per unit of downside risk	0.61	0.61	0.00
Omega ratio: Gain probability vs. loss probability	1.08	1.07	+0.02
Calmar ratio: Return relative to maximum drawdown	0.65	0.47	+0.17
Martin ratio: Return relative to average drawdown	1.89	1.36	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYH.DE vs. SPFE.DE - Sharpe Ratio Comparison

The current AHYH.DE Sharpe Ratio is 0.45, which is comparable to the SPFE.DE Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of AHYH.DE and SPFE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHYH.DE	SPFE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.40	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.04	+0.76

Drawdowns

AHYH.DE vs. SPFE.DE - Drawdown Comparison

The maximum AHYH.DE drawdown since its inception was -1.86%, smaller than the maximum SPFE.DE drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for AHYH.DE and SPFE.DE.

Drawdown Indicators

	AHYH.DE	SPFE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-1.86%	-17.25%	+15.39%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-2.73%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-1.59%	-3.98%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.61%	—
Current Drawdown Current decline from peak	-0.94%	-8.27%	+7.33%
Average Drawdown Average peak-to-trough decline	-0.49%	-6.51%	+6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.95%	-0.40%

Volatility

AHYH.DE vs. SPFE.DE - Volatility Comparison

The current volatility for Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.DE) is 0.61%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a volatility of 1.55%. This indicates that AHYH.DE experiences smaller price fluctuations and is considered to be less risky than SPFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYH.DE	SPFE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	1.55%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	2.67%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	3.23%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	4.55%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	4.06%	-0.99%

AHYH.DE vs. SPFE.DE - Expense Ratio Comparison

AHYH.DE has a 0.16% expense ratio, which is higher than SPFE.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

AHYH.DE vs. SPFE.DE - Dividend Comparison

AHYH.DE has not paid dividends to shareholders, while SPFE.DE's dividend yield for the trailing twelve months is around 3.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AHYH.DE Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged	3.12%	3.07%	2.78%	1.96%	1.51%	1.20%	1.49%	2.15%	0.77%

Frequently Asked Questions

Can I hold both AHYH.DE and SPFE.DE in my portfolio?

AHYH.DE and SPFE.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AHYH.DE or SPFE.DE?

On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AHYH.DE or SPFE.DE?

SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for AHYH.DE.

What is the main difference between AHYH.DE and SPFE.DE?

AHYH.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral (EUR Hedged), while SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.16% for AHYH.DE and 0.10% for SPFE.DE.