HGGA.DE vs. XG7S.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) are both Global Bonds funds - HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted while XG7S.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs -0.74%/yr for XG7S.DE. A 0.68 correlation means they provide meaningful diversification when combined. HGGA.DE charges 0.18%/yr vs 0.20%/yr for XG7S.DE.
Performance
HGGA.DE vs. XG7S.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 XG7S.DE's 0.23% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
XG7S.DE
- 1D
- 0.13%
- 1M
- 0.28%
- YTD
- 0.23%
- 6M
- -0.30%
- 1Y
- -0.99%
- 3Y*
- -0.74%
- 5Y*
- -2.42%
- 10Y*
- -0.93%
HGGA.DE vs. XG7S.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% |
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.23% | -4.70% | 2.17% | 1.03% | -12.32% |
Correlation
The correlation between HGGA.DE and XG7S.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.68 |
The correlation between HGGA.DE and XG7S.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
HGGA.DE vs. XG7S.DE — Risk / Return Rank
HGGA.DE
XG7S.DE
HGGA.DE vs. XG7S.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 Global Government Bond UCITS ETF 5C (XG7S.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 | XG7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.95 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.47 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.17 | -0.91 | +1.07 |
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 | XG7S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.33 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.16 | -0.12 |
Drawdowns
HGGA.DE vs. XG7S.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum XG7S.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and XG7S.DE.
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Drawdown Indicators
| HGGA.DE | XG7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -21.08% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -2.81% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -7.74% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -4.56% | -19.11% | +14.55% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -8.76% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.45% | -0.43% |
Volatility
HGGA.DE vs. XG7S.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 Global Government Bond UCITS ETF 5C (XG7S.DE) has a volatility of 1.23%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than XG7S.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 | XG7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.23% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.97% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.98% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 6.39% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 5.85% | -0.87% |
HGGA.DE vs. XG7S.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is lower than XG7S.DE's 0.20% expense ratio. Despite the difference, 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. XG7S.DE - Dividend Comparison
Neither HGGA.DE nor XG7S.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and XG7S.DE have a correlation of 0.60, 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 0.20% for XG7S.DE.
HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while XG7S.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.18% for HGGA.DE and 0.20% for XG7S.DE.
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