SPFB.DE vs. XBAE.DE
SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged) while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 5 years, SPFB.DE returned 0.23%/yr vs -1.74%/yr for XBAE.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFB.DE vs. XBAE.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 XBAE.DE's -0.55% 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*
- —
XBAE.DE
- 1D
- 0.05%
- 1M
- -0.24%
- YTD
- -0.55%
- 6M
- -0.54%
- 1Y
- 1.07%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
SPFB.DE vs. XBAE.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 | 0.61% | 4.84% | 2.82% | 5.74% | -12.07% | -1.58% | 4.34% | 6.46% | 1.06% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -0.14% |
Correlation
The correlation between SPFB.DE and XBAE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.77 |
The correlation between SPFB.DE and XBAE.DE shifts across timeframes, from 0.77 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPFB.DE vs. XBAE.DE — Risk / Return Rank
SPFB.DE
XBAE.DE
SPFB.DE vs. XBAE.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.05 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.30 | +1.16 |
| Martin ratioReturn relative to average drawdown | 4.25 | 0.83 | +3.42 |
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 | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.27 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.35 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.08 | +0.26 |
Drawdowns
SPFB.DE vs. XBAE.DE - Drawdown Comparison
The maximum SPFB.DE drawdown since its inception was -15.78%, smaller than the maximum XBAE.DE drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for SPFB.DE and XBAE.DE.
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Drawdown Indicators
| SPFB.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -19.04% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -3.11% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -4.58% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | -18.29% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -1.01% | -10.88% | +9.87% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.91% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.11% | -0.32% |
Volatility
SPFB.DE vs. XBAE.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) has a higher volatility of 1.39% compared to Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) at 1.32%. This indicates that SPFB.DE's price experiences larger fluctuations and is considered to be riskier than XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.32% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.86% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.46% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 5.00% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 4.63% | -0.79% |
SPFB.DE vs. XBAE.DE - Expense Ratio Comparison
Both SPFB.DE and XBAE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPFB.DE vs. XBAE.DE - Dividend Comparison
SPFB.DE's dividend yield for the trailing twelve months is around 3.09%, while XBAE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFB.DE and XBAE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPFB.DE and XBAE.DE have the same expense ratio: 0.10% per year.
SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged), while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: State Street and Xtrackers.
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