HGGA.DE vs. AEGE.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted while AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs 2.11%/yr for AEGE.DE. At a 0.08 correlation, their price movements are largely independent. HGGA.DE charges 0.18%/yr vs 0.10%/yr for AEGE.DE.
Performance
HGGA.DE vs. AEGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HGGA.DE achieves a 1.31% return, which is significantly higher than AEGE.DE's -0.17% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
AEGE.DE
- 1D
- 0.20%
- 1M
- -0.55%
- YTD
- -0.17%
- 6M
- -0.28%
- 1Y
- 1.10%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
HGGA.DE vs. AEGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.17% | 2.29% | 1.46% | 4.27% | -12.51% |
Correlation
The correlation between HGGA.DE and AEGE.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.08 |
The correlation between HGGA.DE and AEGE.DE shifts across timeframes, from -0.07 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGGA.DE vs. AEGE.DE — Risk / Return Rank
HGGA.DE
AEGE.DE
HGGA.DE vs. AEGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) and iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.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.
| HGGA.DE | AEGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.38 | -0.30 |
| Martin ratioReturn relative to average drawdown | 0.17 | 1.07 | -0.90 |
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
| HGGA.DE | AEGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.30 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.38 | +0.41 |
Drawdowns
HGGA.DE vs. AEGE.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum AEGE.DE drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and AEGE.DE.
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Drawdown Indicators
| HGGA.DE | AEGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -17.22% | +8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -2.76% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -3.98% | -2.80% |
Current DrawdownCurrent decline from peak | -4.56% | -8.37% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -10.26% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.99% | +0.03% |
Volatility
HGGA.DE vs. AEGE.DE - Volatility Comparison
The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 0.53%, while iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) has a volatility of 1.77%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than AEGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGGA.DE | AEGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.77% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 3.00% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.52% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.78% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.78% | +0.20% |
HGGA.DE vs. AEGE.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is higher than AEGE.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
HGGA.DE vs. AEGE.DE - Dividend Comparison
Neither HGGA.DE nor AEGE.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and AEGE.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for HGGA.DE.
HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HGGA.DE and 0.10% for AEGE.DE.
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