SPFB.DE vs. AHYD.DE
SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) and AHYD.DE (Amundi Global Aggregate SRI UCITS ETF Hedged EUR) are both Global Bonds funds - SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged) while AHYD.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged). Both are passively managed. Over the past 3 years, SPFB.DE returned 3.94%/yr vs 1.67%/yr for AHYD.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPFB.DE charges 0.10%/yr vs 0.16%/yr for AHYD.DE.
Performance
SPFB.DE vs. AHYD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFB.DE achieves a 0.61% return, which is significantly higher than AHYD.DE's -0.33% return.
SPFB.DE
- 1D
- 0.21%
- 1M
- 0.06%
- YTD
- 0.61%
- 6M
- 0.86%
- 1Y
- 3.47%
- 3Y*
- 3.94%
- 5Y*
- 0.23%
- 10Y*
- —
AHYD.DE
- 1D
- 0.38%
- 1M
- -0.25%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 0.67%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
SPFB.DE vs. AHYD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.61% | 4.84% | 2.82% | 5.74% | -3.15% |
AHYD.DE Amundi Global Aggregate SRI UCITS ETF Hedged EUR | -0.33% | 2.02% | 0.67% | 4.41% | -4.51% |
Correlation
The correlation between SPFB.DE and AHYD.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.87 |
The correlation between SPFB.DE and AHYD.DE has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
SPFB.DE vs. AHYD.DE — Risk / Return Rank
SPFB.DE
AHYD.DE
SPFB.DE vs. AHYD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged EUR (AHYD.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.
| SPFB.DE | AHYD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.20 | +1.26 |
| Martin ratioReturn relative to average drawdown | 4.25 | 0.55 | +3.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPFB.DE | AHYD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.18 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.11 | +0.23 |
Drawdowns
SPFB.DE vs. AHYD.DE - Drawdown Comparison
The maximum SPFB.DE drawdown since its inception was -15.78%, which is greater than AHYD.DE's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for SPFB.DE and AHYD.DE.
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Drawdown Indicators
| SPFB.DE | AHYD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -9.20% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -3.32% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -3.78% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.74% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.57% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.19% | -0.40% |
Volatility
SPFB.DE vs. AHYD.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) is 1.39%, while Amundi Global Aggregate SRI UCITS ETF Hedged EUR (AHYD.DE) has a volatility of 1.60%. This indicates that SPFB.DE experiences smaller price fluctuations and is considered to be less risky than AHYD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFB.DE | AHYD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.60% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 3.11% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.71% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 4.73% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 4.73% | -0.89% |
SPFB.DE vs. AHYD.DE - Expense Ratio Comparison
SPFB.DE has a 0.10% expense ratio, which is lower than AHYD.DE's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPFB.DE vs. AHYD.DE - Dividend Comparison
SPFB.DE's dividend yield for the trailing twelve months is around 3.09%, while AHYD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AHYD.DE Amundi Global Aggregate SRI UCITS ETF Hedged EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% |
Frequently Asked Questions
SPFB.DE and AHYD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFB.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for AHYD.DE.
SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged), while AHYD.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (EUR Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for SPFB.DE and 0.16% for AHYD.DE.
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