HGGA.DE vs. XGVD.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) are both Global Bonds funds - HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted while XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs 0.74%/yr for XGVD.DE. At a 0.12 correlation, their price movements are largely independent. HGGA.DE charges 0.18%/yr vs 0.25%/yr for XGVD.DE.
Performance
HGGA.DE vs. XGVD.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 XGVD.DE's -0.89% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
XGVD.DE
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- -0.89%
- 6M
- -0.93%
- 1Y
- -0.18%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
HGGA.DE vs. XGVD.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% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -13.89% |
Correlation
The correlation between HGGA.DE and XGVD.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.12 |
The correlation between HGGA.DE and XGVD.DE shifts across timeframes, from -0.13 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGGA.DE vs. XGVD.DE — Risk / Return Rank
HGGA.DE
XGVD.DE
HGGA.DE vs. XGVD.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 EUR hedged (XGVD.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 | XGVD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.05 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.17 | -0.14 | +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. | |||
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Sharpe Ratios by Period
| HGGA.DE | XGVD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.05 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.11 | -0.07 |
Drawdowns
HGGA.DE vs. XGVD.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum XGVD.DE drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and XGVD.DE.
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Drawdown Indicators
| HGGA.DE | XGVD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -21.37% | +12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -3.53% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -4.77% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.37% | — |
Current DrawdownCurrent decline from peak | -4.56% | -15.92% | +11.36% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -6.52% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.30% | -0.28% |
Volatility
HGGA.DE vs. XGVD.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 EUR hedged (XGVD.DE) has a volatility of 1.38%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than XGVD.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 | XGVD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.38% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.83% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.47% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.98% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.31% | +0.67% |
HGGA.DE vs. XGVD.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is lower than XGVD.DE's 0.25% 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. XGVD.DE - Dividend Comparison
HGGA.DE has not paid dividends to shareholders, while XGVD.DE's dividend yield for the trailing twelve months is around 2.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
Frequently Asked Questions
HGGA.DE and XGVD.DE have a correlation of -0.13, 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 0.25% for XGVD.DE.
HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.18% for HGGA.DE and 0.25% for XGVD.DE.
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