KLMH.DE vs. VAGE.DE
KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, KLMH.DE returned -2.43%/yr vs -1.73%/yr for VAGE.DE. A 0.73 correlation means they provide meaningful diversification when combined. KLMH.DE charges 0.30%/yr vs 0.10%/yr for VAGE.DE.
Performance
KLMH.DE vs. VAGE.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 higher than VAGE.DE's -0.24% 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*
- —
VAGE.DE
- 1D
- -0.15%
- 1M
- 0.43%
- 6M
- -0.00%
- YTD
- -0.24%
- 1Y
- 1.01%
- 3Y*
- 2.28%
- 5Y*
- -1.73%
- 10Y*
- —
KLMH.DE vs. VAGE.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% | 1.67% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.24% | 3.22% | 0.75% | 4.46% | -14.75% | -2.78% | 4.85% | 0.96% |
Correlation
The correlation between KLMH.DE and VAGE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.73 |
The correlation between KLMH.DE and VAGE.DE shifts across timeframes, from 0.63 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KLMH.DE vs. VAGE.DE — Risk / Return Rank
KLMH.DE
VAGE.DE
KLMH.DE vs. VAGE.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.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 | VAGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.32 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.96 | 0.83 | +0.13 |
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Drawdowns
KLMH.DE vs. VAGE.DE - Drawdown Comparison
The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than VAGE.DE's maximum drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and VAGE.DE.
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Drawdown Indicators
| KLMH.DE | VAGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -19.45% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -3.15% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -4.31% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | -18.64% | -4.96% |
Current DrawdownCurrent decline from peak | -14.52% | -10.36% | -4.16% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -8.89% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.20% | +0.03% |
Volatility
KLMH.DE vs. VAGE.DE - Volatility Comparison
Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) has a higher volatility of 1.11% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) at 0.88%. This indicates that KLMH.DE's price experiences larger fluctuations and is considered to be riskier than VAGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLMH.DE | VAGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.88% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 2.97% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 3.72% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 4.71% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 4.49% | +0.97% |
KLMH.DE vs. VAGE.DE - Expense Ratio Comparison
KLMH.DE has a 0.30% expense ratio, which is higher than VAGE.DE's 0.10% expense ratio.
Dividends
KLMH.DE vs. VAGE.DE - Dividend Comparison
KLMH.DE has not paid dividends to shareholders, while VAGE.DE's dividend yield for the trailing twelve months is around 3.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.61% | 3.52% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% |
Frequently Asked Questions
KLMH.DE and VAGE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGE.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 VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.30% for KLMH.DE and 0.10% for VAGE.DE.
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