KLMH.DE vs. SYBZ.DE
KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, KLMH.DE returned -2.43%/yr vs -1.00%/yr for SYBZ.DE. At a 0.46 correlation, their price movements are largely independent. KLMH.DE charges 0.30%/yr vs 0.10%/yr for SYBZ.DE.
Performance
KLMH.DE vs. SYBZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KLMH.DE achieves a 0.95% return, which is significantly lower than SYBZ.DE's 2.42% 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*
- —
SYBZ.DE
- 1D
- -0.18%
- 1M
- 1.17%
- 6M
- 2.42%
- YTD
- 2.42%
- 1Y
- 3.40%
- 3Y*
- 1.64%
- 5Y*
- -1.00%
- 10Y*
- —
KLMH.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 7.54% | 0.08% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.42% | -4.05% | 4.16% | 1.61% | -10.90% | 2.99% | -0.54% | 9.10% | -15.13% |
Correlation
The correlation between KLMH.DE and SYBZ.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.46 |
The correlation between KLMH.DE and SYBZ.DE shifts across timeframes, from 0.36 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KLMH.DE vs. SYBZ.DE — Risk / Return Rank
KLMH.DE
SYBZ.DE
KLMH.DE vs. SYBZ.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 (SYBZ.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 | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.45 | -1.08 |
| Martin ratioReturn relative to average drawdown | 0.96 | 3.36 | -2.40 |
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Drawdowns
KLMH.DE vs. SYBZ.DE - Drawdown Comparison
The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than SYBZ.DE's maximum drawdown of -20.23%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and SYBZ.DE.
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Drawdown Indicators
| KLMH.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -20.23% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.34% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -7.55% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | -14.78% | -8.82% |
Current DrawdownCurrent decline from peak | -14.52% | -12.10% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -11.50% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.01% | +0.22% |
Volatility
KLMH.DE vs. SYBZ.DE - Volatility Comparison
Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) have volatilities of 1.11% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLMH.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.08% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 2.61% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 3.73% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.18% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 8.86% | -3.40% |
KLMH.DE vs. SYBZ.DE - Expense Ratio Comparison
KLMH.DE has a 0.30% expense ratio, which is higher than SYBZ.DE's 0.10% expense ratio.
Dividends
KLMH.DE vs. SYBZ.DE - Dividend Comparison
KLMH.DE has not paid dividends to shareholders, while SYBZ.DE's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 3.10% | 3.23% | 2.70% | 2.04% | 1.48% | 1.17% | 1.59% | 1.59% | 0.82% |
Frequently Asked Questions
KLMH.DE and SYBZ.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBZ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBZ.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 SYBZ.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.30% for KLMH.DE and 0.10% for SYBZ.DE.
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