SPFB.DE vs. XGVD.DE
SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) and XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) are both Global Bonds funds - SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged) while XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, SPFB.DE returned 0.23%/yr vs -2.52%/yr for XGVD.DE. Their correlation of 0.90 suggests significant overlap in exposure. SPFB.DE charges 0.10%/yr vs 0.25%/yr for XGVD.DE.
Performance
SPFB.DE vs. XGVD.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 XGVD.DE's -0.89% 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*
- —
XGVD.DE
- 1D
- 0.01%
- 1M
- -0.26%
- YTD
- -0.89%
- 6M
- -0.81%
- 1Y
- -0.08%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
SPFB.DE vs. XGVD.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% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | 0.76% |
Correlation
The correlation between SPFB.DE and XGVD.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.90 |
The correlation between SPFB.DE and XGVD.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
SPFB.DE vs. XGVD.DE — Risk / Return Rank
SPFB.DE
XGVD.DE
SPFB.DE vs. XGVD.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 Global Government Bond UCITS ETF EUR hedged (XGVD.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 | XGVD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.05 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.25 | -0.14 | +4.39 |
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 | XGVD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.05 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.50 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.11 | +0.23 |
Drawdowns
SPFB.DE vs. XGVD.DE - Drawdown Comparison
The maximum SPFB.DE drawdown since its inception was -15.78%, smaller than the maximum XGVD.DE drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for SPFB.DE and XGVD.DE.
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Drawdown Indicators
| SPFB.DE | XGVD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -21.37% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -3.53% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -4.77% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | -19.44% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.37% | — |
Current DrawdownCurrent decline from peak | -1.01% | -15.92% | +14.91% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.52% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.30% | -0.51% |
Volatility
SPFB.DE vs. XGVD.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) and Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) have volatilities of 1.39% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFB.DE | XGVD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.38% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.83% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.47% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 4.98% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 4.31% | -0.47% |
SPFB.DE vs. XGVD.DE - Expense Ratio Comparison
SPFB.DE has a 0.10% expense ratio, which is lower than XGVD.DE's 0.25% 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. XGVD.DE - Dividend Comparison
SPFB.DE's dividend yield for the trailing twelve months is around 3.09%, more than XGVD.DE's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
Frequently Asked Questions
With a correlation of 0.95, SPFB.DE and XGVD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.25% for XGVD.DE.
SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged), while XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for SPFB.DE and 0.25% for XGVD.DE.
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