HGGA.DE vs. KLMH.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and KLMH.DE (Amundi Global Aggregate Green Bond 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 KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, HGGA.DE returned 2.41%/yr vs 2.57%/yr for KLMH.DE. At a 0.14 correlation, their price movements are largely independent. HGGA.DE charges 0.18%/yr vs 0.30%/yr for KLMH.DE.
Performance
HGGA.DE vs. KLMH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HGGA.DE achieves a 2.59% return, which is significantly higher than KLMH.DE's -0.23% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 1.07%
- 6M
- 1.62%
- YTD
- 2.59%
- 1Y
- 3.35%
- 3Y*
- 2.41%
- 5Y*
- —
- 10Y*
- —
KLMH.DE
- 1D
- -0.15%
- 1M
- -1.09%
- 6M
- -1.07%
- YTD
- -0.23%
- 1Y
- 0.41%
- 3Y*
- 2.57%
- 5Y*
- -2.84%
- 10Y*
- —
HGGA.DE vs. KLMH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 2.59% | -4.17% | 5.69% | 0.16% | -1.38% |
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | -0.23% | 1.14% | 1.55% | 7.19% | -18.77% |
Correlation
The correlation between HGGA.DE and KLMH.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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2022 | 0.14 |
The correlation between HGGA.DE and KLMH.DE shifts across timeframes, from -0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGGA.DE vs. KLMH.DE — Risk / Return Rank
HGGA.DE
KLMH.DE
HGGA.DE vs. KLMH.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 Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HGGA.DE | KLMH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.16 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.26 | 0.40 | +3.85 |
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Drawdowns
HGGA.DE vs. KLMH.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum KLMH.DE drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and KLMH.DE.
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Drawdown Indicators
| HGGA.DE | KLMH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -24.67% | +16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.86% | -3.18% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -3.80% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.60% | — |
Current DrawdownCurrent decline from peak | -3.35% | -15.53% | +12.18% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -9.61% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.27% | -0.48% |
Volatility
HGGA.DE vs. KLMH.DE - Volatility Comparison
The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 0.90%, while Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) has a volatility of 1.44%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than KLMH.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 | KLMH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.44% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 4.13% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 5.08% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 6.20% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 5.47% | -0.52% |
HGGA.DE vs. KLMH.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is lower than KLMH.DE's 0.30% expense ratio.
Dividends
HGGA.DE vs. KLMH.DE - Dividend Comparison
Neither HGGA.DE nor KLMH.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and KLMH.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, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for KLMH.DE.
HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while KLMH.DE tracks Solactive Green Bond Index (EUR Hedged). They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for HGGA.DE and 0.30% for KLMH.DE.
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