IS0Z.DE vs. AHYB.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and AHYB.DE (Amundi Global Aggregate SRI UCITS ETF Hedged USD) are both Global Bonds funds - IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond while AHYB.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). Both are passively managed. Over the past 3 years, IS0Z.DE returned 1.18%/yr vs 0.86%/yr for AHYB.DE. A 0.53 correlation means they provide meaningful diversification when combined. IS0Z.DE charges 0.20%/yr vs 0.16%/yr for AHYB.DE.
Performance
IS0Z.DE vs. AHYB.DE - Performance Comparison
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Different Trading Currencies
IS0Z.DE is traded in EUR, while AHYB.DE is traded in USD. To make them comparable, the AHYB.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly lower than AHYB.DE's 1.44% return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
AHYB.DE
- 1D
- 0.14%
- 1M
- 1.27%
- YTD
- 1.44%
- 6M
- 0.61%
- 1Y
- 0.85%
- 3Y*
- 0.86%
- 5Y*
- —
- 10Y*
- —
IS0Z.DE vs. AHYB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -4.42% |
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 1.45% | -7.58% | 8.10% | 3.80% | -3.16% |
Correlation
The correlation between IS0Z.DE and AHYB.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.53 |
The correlation between IS0Z.DE and AHYB.DE has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
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Return for Risk
IS0Z.DE vs. AHYB.DE — Risk / Return Rank
IS0Z.DE
AHYB.DE
IS0Z.DE vs. AHYB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.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.
| IS0Z.DE | AHYB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.18 | -0.09 |
| Martin ratioReturn relative to average drawdown | 0.19 | 0.47 | -0.28 |
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
| IS0Z.DE | AHYB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.14 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.06 | -0.01 |
Drawdowns
IS0Z.DE vs. AHYB.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, which is greater than AHYB.DE's maximum drawdown of -12.85%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and AHYB.DE.
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Drawdown Indicators
| IS0Z.DE | AHYB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -12.85% | -8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -4.60% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -11.29% | +6.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | — | — |
Current DrawdownCurrent decline from peak | -15.06% | -7.94% | -7.12% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.10% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.80% | -0.59% |
Volatility
IS0Z.DE vs. AHYB.DE - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a higher volatility of 1.69% compared to Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) at 1.34%. This indicates that IS0Z.DE's price experiences larger fluctuations and is considered to be riskier than AHYB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Z.DE | AHYB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.34% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 4.35% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 5.90% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.95% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 7.95% | -2.29% |
IS0Z.DE vs. AHYB.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is higher than AHYB.DE's 0.16% 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
IS0Z.DE vs. AHYB.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while AHYB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
Frequently Asked Questions
IS0Z.DE and AHYB.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYB.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IS0Z.DE.
IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while AHYB.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0Z.DE and 0.16% for AHYB.DE.
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