KLMH.DE vs. SPFV.DE

Last updated Jul 4, 2026

KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and SPFV.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while SPFV.DE tracks the Bloomberg Global Aggregate Bond (USD Hedged). Both are passively managed. Over the past 5 years, KLMH.DE returned -2.43%/yr vs 1.35%/yr for SPFV.DE. At a 0.27 correlation, their price movements are largely independent. KLMH.DE charges 0.30%/yr vs 0.10%/yr for SPFV.DE.

Performance

KLMH.DE vs. SPFV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KLMH.DE is traded in EUR, while SPFV.DE is traded in USD. To make them comparable, the SPFV.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, KLMH.DE achieves a 0.95% return, which is significantly lower than SPFV.DE's 3.64% return.

KLMH.DE

• 1D: -0.08%
• 1M: 0.78%
• 6M: 0.91%
• YTD: 0.95%
• 1Y: 1.19%
• 3Y*: 3.09%
• 5Y*: -2.43%
• 10Y*: —

SPFV.DE

• 1D: -0.12%
• 1M: 1.91%
• 6M: 3.48%
• YTD: 3.64%
• 1Y: 5.91%
• 3Y*: 2.58%
• 5Y*: 1.35%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMH.DE vs. SPFV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)	0.95%	1.14%	1.55%	7.19%	-19.81%	-3.83%	4.75%	-2.01%
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)	3.64%	-7.02%	9.27%	3.44%	-6.11%	7.01%	-4.22%	-2.64%

Correlation

The correlation between KLMH.DE and SPFV.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 9, 2019	0.27

The correlation between KLMH.DE and SPFV.DE shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

KLMH.DE vs. SPFV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMH.DE

KLMH.DE Risk / Return Rank: 12
KLMH.DE Sharpe Ratio Rank: 13
KLMH.DE Sortino Ratio Rank: 11
KLMH.DE Omega Ratio Rank: 10
KLMH.DE Calmar Ratio Rank: 13
KLMH.DE Martin Ratio Rank: 14

SPFV.DE

SPFV.DE Risk / Return Rank: 31
SPFV.DE Sharpe Ratio Rank: 32
SPFV.DE Sortino Ratio Rank: 32
SPFV.DE Omega Ratio Rank: 30
SPFV.DE Calmar Ratio Rank: 29
SPFV.DE Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLMH.DE vs. SPFV.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.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	SPFV.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	0.97	-0.73
Sortino ratio: Return per unit of downside risk	0.39	1.43	-1.04
Omega ratio: Gain probability vs. loss probability	1.04	1.18	-0.13
Calmar ratio: Return relative to maximum drawdown	0.37	1.29	-0.92
Martin ratio: Return relative to average drawdown	0.96	3.67	-2.71

KLMH.DE vs. SPFV.DE - Sharpe Ratio Comparison

The current KLMH.DE Sharpe Ratio is 0.24, which is lower than the SPFV.DE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of KLMH.DE and SPFV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KLMH.DE vs. SPFV.DE - Drawdown Comparison

The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than SPFV.DE's maximum drawdown of -11.85%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and SPFV.DE.

Drawdown Indicators

	KLMH.DE	SPFV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.67%	-11.85%	-12.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-4.56%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	-3.80%	-11.01%	+7.21%
Max Drawdown (5Y) Largest decline over 5 years	-23.60%	-11.81%	-11.79%
Current Drawdown Current decline from peak	-14.52%	-5.39%	-9.13%
Average Drawdown Average peak-to-trough decline	-9.59%	-6.10%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.61%	-0.38%

Volatility

KLMH.DE vs. SPFV.DE - Volatility Comparison

The current volatility for Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) is 1.11%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) has a volatility of 1.66%. This indicates that KLMH.DE experiences smaller price fluctuations and is considered to be less risky than SPFV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMH.DE	SPFV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	1.66%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	4.04%	4.45%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.98%	6.09%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.18%	7.87%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	7.66%	-2.20%

KLMH.DE vs. SPFV.DE - Expense Ratio Comparison

KLMH.DE has a 0.30% expense ratio, which is higher than SPFV.DE's 0.10% expense ratio.

Dividends

KLMH.DE vs. SPFV.DE - Dividend Comparison

Neither KLMH.DE nor SPFV.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLMH.DE and SPFV.DE in my portfolio?

KLMH.DE and SPFV.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMH.DE or SPFV.DE?

On fees, SPFV.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMH.DE or SPFV.DE?

SPFV.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for KLMH.DE.

What is the main difference between KLMH.DE and SPFV.DE?

KLMH.DE tracks Solactive Green Bond Index (EUR Hedged), while SPFV.DE tracks Bloomberg Global Aggregate Bond (USD Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.30% for KLMH.DE and 0.10% for SPFV.DE.