HGGA.DE vs. XBAE.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs 1.72%/yr for XBAE.DE. At a 0.11 correlation, their price movements are largely independent. HGGA.DE charges 0.18%/yr vs 0.10%/yr for XBAE.DE.
Performance
HGGA.DE vs. XBAE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HGGA.DE achieves a 1.31% return, which is significantly higher than XBAE.DE's -0.55% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
XBAE.DE
- 1D
- 0.05%
- 1M
- 0.08%
- YTD
- -0.55%
- 6M
- -0.69%
- 1Y
- 0.93%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
HGGA.DE vs. XBAE.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% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -13.25% |
Correlation
The correlation between HGGA.DE and XBAE.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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.11 |
The correlation between HGGA.DE and XBAE.DE shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HGGA.DE vs. XBAE.DE — Risk / Return Rank
HGGA.DE
XBAE.DE
HGGA.DE vs. XBAE.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.30 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.17 | 0.83 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HGGA.DE | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.27 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.08 | -0.04 |
Drawdowns
HGGA.DE vs. XBAE.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum XBAE.DE drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and XBAE.DE.
Loading charts...
Drawdown Indicators
| HGGA.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -19.04% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -3.11% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -4.58% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -4.56% | -10.88% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -5.91% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.11% | -0.09% |
Volatility
HGGA.DE vs. XBAE.DE - Volatility Comparison
The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 0.53%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) has a volatility of 1.32%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than XBAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HGGA.DE | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.32% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.86% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.46% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.00% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.63% | +0.35% |
HGGA.DE vs. XBAE.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is higher than XBAE.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. XBAE.DE - Dividend Comparison
Neither HGGA.DE nor XBAE.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and XBAE.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, XBAE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAE.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 XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.18% for HGGA.DE and 0.10% for XBAE.DE.
Find the right allocation for HGGA.DE and XBAE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer