HGGA.DE vs. XBAG.DE

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE).

HGGA.DE and XBAG.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HGGA.DE is a passively managed fund by HSBC that tracks the performance of the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. It was launched on Dec 13, 2021. XBAG.DE is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2014. Both HGGA.DE and XBAG.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HGGA.DE vs. XBAG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE). The values are adjusted to include any dividend payments, if applicable.

HGGA.DE vs. XBAG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF	1.36%	-4.17%	5.69%	0.16%	-1.86%
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	0.51%	-3.89%	3.40%	1.86%	-10.53%

Returns By Period

In the year-to-date period, HGGA.DE achieves a 1.36% return, which is significantly higher than XBAG.DE's 0.51% return.

HGGA.DE

• 1D: 0.38%
• 1M: -0.17%
• YTD: 1.36%
• 6M: 1.22%
• 1Y: -1.80%
• 3Y*: 0.90%
• 5Y*: —
• 10Y*: —

XBAG.DE

• 1D: 0.12%
• 1M: -1.39%
• YTD: 0.51%
• 6M: -0.00%
• 1Y: -2.50%
• 3Y*: 0.13%
• 5Y*: -1.58%
• 10Y*: 0.01%

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

HGGA.DE vs. XBAG.DE - Expense Ratio Comparison

HGGA.DE has a 0.18% expense ratio, which is higher than XBAG.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%.

HGGA.DE

HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF

XBAG.DE

Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D

Return for Risk

HGGA.DE vs. XBAG.DE — Risk / Return Rank

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

HGGA.DE

HGGA.DE Risk / Return Rank: 5
HGGA.DE Sharpe Ratio Rank: 5
HGGA.DE Sortino Ratio Rank: 4
HGGA.DE Omega Ratio Rank: 4
HGGA.DE Calmar Ratio Rank: 7
HGGA.DE Martin Ratio Rank: 8

XBAG.DE

XBAG.DE Risk / Return Rank: 4
XBAG.DE Sharpe Ratio Rank: 4
XBAG.DE Sortino Ratio Rank: 4
XBAG.DE Omega Ratio Rank: 3
XBAG.DE Calmar Ratio Rank: 5
XBAG.DE Martin Ratio Rank: 6

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.

HGGA.DE vs. XBAG.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 1D (XBAG.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	XBAG.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.44	-0.51	+0.07
Sortino ratio Return per unit of downside risk	-0.57	-0.62	+0.05
Omega ratio Gain probability vs. loss probability	0.93	0.92	+0.02
Calmar ratio Return relative to maximum drawdown	-0.26	-0.44	+0.18
Martin ratio Return relative to average drawdown	-0.39	-0.70	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGGA.DE vs. XBAG.DE - Sharpe Ratio Comparison

The current HGGA.DE Sharpe Ratio is -0.44, which is comparable to the XBAG.DE Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of HGGA.DE and XBAG.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HGGA.DE	XBAG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	-0.51	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.28	-0.23

Correlation

The correlation between HGGA.DE and XBAG.DE is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HGGA.DE vs. XBAG.DE - Dividend Comparison

HGGA.DE has not paid dividends to shareholders, while XBAG.DE's dividend yield for the trailing twelve months is around 2.92%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	2.92%	2.94%	3.16%	2.22%	2.78%	0.82%	1.47%	1.76%	1.36%	1.11%	2.04%

Drawdowns

HGGA.DE vs. XBAG.DE - Drawdown Comparison

The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum XBAG.DE drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and XBAG.DE.

Drawdown Indicators

	HGGA.DE	XBAG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.58%	-16.64%	+8.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.08%	-4.79%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.64%	—
Current Drawdown Current decline from peak	-4.51%	-12.20%	+7.69%
Average Drawdown Average peak-to-trough decline	-4.15%	-6.56%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.05%	-0.32%

Volatility

HGGA.DE vs. XBAG.DE - Volatility Comparison

The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 1.20%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) has a volatility of 1.44%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than XBAG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGGA.DE	XBAG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.44%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.47%	2.63%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	4.93%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.06%	6.10%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	5.95%	-0.89%