KLMH.DE vs. VAGF.DE
KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while VAGF.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 VAGF.DE. A 0.68 correlation means they provide meaningful diversification when combined. KLMH.DE charges 0.30%/yr vs 0.10%/yr for VAGF.DE.
Performance
KLMH.DE vs. VAGF.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 VAGF.DE's -0.21% 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*
- —
VAGF.DE
- 1D
- -0.46%
- 1M
- 0.04%
- 6M
- -0.21%
- YTD
- -0.21%
- 1Y
- 1.06%
- 3Y*
- 2.24%
- 5Y*
- -1.73%
- 10Y*
- —
KLMH.DE vs. VAGF.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% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.21% | 3.03% | 0.83% | 4.52% | -14.84% | -2.98% | 5.07% | 1.00% |
Correlation
The correlation between KLMH.DE and VAGF.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.68 |
Over the past year, the correlation between KLMH.DE and VAGF.DE has dropped to 0.39 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
KLMH.DE vs. VAGF.DE — Risk / Return Rank
KLMH.DE
VAGF.DE
KLMH.DE vs. VAGF.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) Acc (VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.38 | 0.00 |
| Martin ratioReturn relative to average drawdown | 0.96 | 0.90 | +0.06 |
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Drawdowns
KLMH.DE vs. VAGF.DE - Drawdown Comparison
The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than VAGF.DE's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and VAGF.DE.
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Drawdown Indicators
| KLMH.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -19.56% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.82% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -4.39% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | -18.80% | -4.80% |
Current DrawdownCurrent decline from peak | -14.52% | -10.48% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -8.99% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.18% | +0.05% |
Volatility
KLMH.DE vs. VAGF.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) is 1.11%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a volatility of 1.77%. This indicates that KLMH.DE experiences smaller price fluctuations and is considered to be less risky than VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.77% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 4.03% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 5.40% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 5.22% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 4.94% | +0.52% |
KLMH.DE vs. VAGF.DE - Expense Ratio Comparison
KLMH.DE has a 0.30% expense ratio, which is higher than VAGF.DE's 0.10% expense ratio.
Dividends
KLMH.DE vs. VAGF.DE - Dividend Comparison
Neither KLMH.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
KLMH.DE and VAGF.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.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 VAGF.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 VAGF.DE.
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