IS0Z.DE vs. AHYD.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and AHYD.DE (Amundi Global Aggregate SRI UCITS ETF Hedged EUR) are both Global Bonds funds - IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond while AHYD.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged). Both are passively managed. Over the past 3 years, IS0Z.DE returned 1.18%/yr vs 1.67%/yr for AHYD.DE. A 0.76 correlation means they provide meaningful diversification when combined. IS0Z.DE charges 0.20%/yr vs 0.16%/yr for AHYD.DE.
Performance
IS0Z.DE vs. AHYD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly higher than AHYD.DE's -0.33% return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 1.29%
- 6M
- 1.26%
- 1Y
- 0.54%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
AHYD.DE
- 1D
- 0.38%
- 1M
- -0.25%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 0.67%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
IS0Z.DE vs. AHYD.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% | -8.24% |
AHYD.DE Amundi Global Aggregate SRI UCITS ETF Hedged EUR | -0.33% | 2.02% | 0.67% | 4.41% | -4.51% |
Correlation
The correlation between IS0Z.DE and AHYD.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.76 |
The correlation between IS0Z.DE and AHYD.DE shifts across timeframes, from 0.61 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS0Z.DE vs. AHYD.DE — Risk / Return Rank
IS0Z.DE
AHYD.DE
IS0Z.DE vs. AHYD.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 EUR (AHYD.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 | AHYD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.20 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.19 | 0.55 | -0.36 |
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 | AHYD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.18 | -0.11 |
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 | 0.11 | -0.06 |
Drawdowns
IS0Z.DE vs. AHYD.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, which is greater than AHYD.DE's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and AHYD.DE.
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Drawdown Indicators
| IS0Z.DE | AHYD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -9.20% | -11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -3.32% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -3.78% | -1.33% |
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% | -1.74% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -3.57% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.19% | +0.02% |
Volatility
IS0Z.DE vs. AHYD.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 EUR (AHYD.DE) at 1.60%. This indicates that IS0Z.DE's price experiences larger fluctuations and is considered to be riskier than AHYD.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 | AHYD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.60% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 3.11% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.71% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 4.73% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 4.73% | +0.93% |
IS0Z.DE vs. AHYD.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is higher than AHYD.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. AHYD.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while AHYD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYD.DE Amundi Global Aggregate SRI UCITS ETF Hedged EUR | 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 AHYD.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYD.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 AHYD.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0Z.DE and 0.16% for AHYD.DE.
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