KLMH.DE vs. AEGE.DE
KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). Both are passively managed. Over the past 3 years, KLMH.DE returned 2.34%/yr vs 1.99%/yr for AEGE.DE. A 0.74 correlation means they provide meaningful diversification when combined. KLMH.DE charges 0.30%/yr vs 0.10%/yr for AEGE.DE.
Performance
KLMH.DE vs. AEGE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KLMH.DE achieves a -0.21% return, which is significantly higher than AEGE.DE's -0.53% return.
KLMH.DE
- 1D
- 0.17%
- 1M
- -1.24%
- 6M
- -0.80%
- YTD
- -0.21%
- 1Y
- 0.13%
- 3Y*
- 2.34%
- 5Y*
- -2.83%
- 10Y*
- —
AEGE.DE
- 1D
- 0.00%
- 1M
- -0.73%
- 6M
- -0.76%
- YTD
- -0.53%
- 1Y
- 0.70%
- 3Y*
- 1.99%
- 5Y*
- —
- 10Y*
- —
KLMH.DE vs. AEGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | -0.21% | 1.14% | 1.55% | 7.19% | -19.81% | -1.96% |
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.53% | 2.29% | 1.46% | 4.27% | -13.83% | -1.55% |
Correlation
The correlation between KLMH.DE and AEGE.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.74 |
The correlation between KLMH.DE and AEGE.DE shifts across timeframes, from 0.58 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KLMH.DE vs. AEGE.DE — Risk / Return Rank
KLMH.DE
AEGE.DE
KLMH.DE vs. AEGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) and iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KLMH.DE | AEGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.04 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.25 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.10 | 0.62 | -0.52 |
Loading charts...
Drawdowns
KLMH.DE vs. AEGE.DE - Drawdown Comparison
The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than AEGE.DE's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and AEGE.DE.
Loading charts...
Drawdown Indicators
| KLMH.DE | AEGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -17.22% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.76% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -3.94% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | — | — |
Current DrawdownCurrent decline from peak | -15.51% | -8.70% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -10.21% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.13% | +0.15% |
Volatility
KLMH.DE vs. AEGE.DE - Volatility Comparison
Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) has a higher volatility of 1.44% compared to iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) at 1.04%. This indicates that KLMH.DE's price experiences larger fluctuations and is considered to be riskier than AEGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KLMH.DE | AEGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.04% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 3.08% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.08% | 3.63% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 4.76% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 4.76% | +0.70% |
KLMH.DE vs. AEGE.DE - Expense Ratio Comparison
KLMH.DE has a 0.30% expense ratio, which is higher than AEGE.DE's 0.10% expense ratio.
Dividends
KLMH.DE vs. AEGE.DE - Dividend Comparison
Neither KLMH.DE nor AEGE.DE has paid dividends to shareholders.
Frequently Asked Questions
KLMH.DE and AEGE.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for KLMH.DE.
KLMH.DE tracks Solactive Green Bond Index (EUR Hedged), while AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for KLMH.DE and 0.10% for AEGE.DE.
Find the right allocation for KLMH.DE and AEGE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer