SPFB.DE vs. KLMH.DE
SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) and KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds - SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged) while KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, SPFB.DE returned -0.02%/yr vs -2.84%/yr for KLMH.DE. A 0.74 correlation means they provide meaningful diversification when combined. SPFB.DE charges 0.10%/yr vs 0.30%/yr for KLMH.DE.
Performance
SPFB.DE vs. KLMH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFB.DE achieves a 0.49% return, which is significantly higher than KLMH.DE's -0.23% return.
SPFB.DE
- 1D
- -0.07%
- 1M
- -0.42%
- 6M
- 0.17%
- YTD
- 0.49%
- 1Y
- 3.17%
- 3Y*
- 3.86%
- 5Y*
- -0.02%
- 10Y*
- —
KLMH.DE
- 1D
- -0.15%
- 1M
- -1.09%
- 6M
- -1.07%
- YTD
- -0.23%
- 1Y
- 0.41%
- 3Y*
- 2.57%
- 5Y*
- -2.84%
- 10Y*
- —
SPFB.DE vs. KLMH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.49% | 4.83% | 2.83% | 5.75% | -12.07% | -1.58% | 4.34% | 6.44% | 1.42% |
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | -0.23% | 1.14% | 1.55% | 7.19% | -19.81% | -3.83% | 4.75% | 7.54% | 0.20% |
Correlation
The correlation between SPFB.DE and KLMH.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.74 |
The correlation between SPFB.DE and KLMH.DE shifts across timeframes, from 0.68 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPFB.DE vs. KLMH.DE — Risk / Return Rank
SPFB.DE
KLMH.DE
SPFB.DE vs. KLMH.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 Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.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.
| SPFB.DE | KLMH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.16 | +1.20 |
| Martin ratioReturn relative to average drawdown | 3.72 | 0.40 | +3.32 |
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Drawdowns
SPFB.DE vs. KLMH.DE - Drawdown Comparison
The maximum SPFB.DE drawdown since its inception was -15.76%, smaller than the maximum KLMH.DE drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for SPFB.DE and KLMH.DE.
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Drawdown Indicators
| SPFB.DE | KLMH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.76% | -24.67% | +8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.18% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -3.80% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -23.60% | +8.06% |
Current DrawdownCurrent decline from peak | -1.14% | -15.53% | +14.39% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -9.61% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.27% | -0.42% |
Volatility
SPFB.DE vs. KLMH.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) is 0.88%, while Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) has a volatility of 1.44%. This indicates that SPFB.DE experiences smaller price fluctuations and is considered to be less risky than KLMH.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 | KLMH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.44% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 4.13% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 5.08% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 6.20% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 5.47% | -1.66% |
SPFB.DE vs. KLMH.DE - Expense Ratio Comparison
SPFB.DE has a 0.10% expense ratio, which is lower than KLMH.DE's 0.30% expense ratio.
Dividends
SPFB.DE vs. KLMH.DE - Dividend Comparison
SPFB.DE's dividend yield for the trailing twelve months is around 3.10%, while KLMH.DE has not paid dividends to shareholders.
| 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% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.10% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.52% | 1.70% | 0.88% |
Frequently Asked Questions
SPFB.DE and KLMH.DE have a correlation of 0.68, 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 0.30% for KLMH.DE.
SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged), while KLMH.DE tracks Solactive Green Bond Index (EUR Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for SPFB.DE and 0.30% for KLMH.DE.
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