SPFB.DE vs. XZWG.DE
SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) and XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds - SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged) while XZWG.DE tracks the Bloomberg Global Aggregate TR Hdg EUR. Both are passively managed. Over the past 3 years, SPFB.DE returned 3.94%/yr vs -0.15%/yr for XZWG.DE. A 0.79 correlation means they provide meaningful diversification when combined. SPFB.DE charges 0.10%/yr vs 0.20%/yr for XZWG.DE.
Performance
SPFB.DE vs. XZWG.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 XZWG.DE's 0.27% 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*
- —
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.23%
- YTD
- 0.27%
- 6M
- -0.11%
- 1Y
- -1.04%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
SPFB.DE vs. XZWG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.61% | 4.84% | 2.82% | 5.74% | -12.07% | -0.60% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -16.73% | -1.34% |
Correlation
The correlation between SPFB.DE and XZWG.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.79 |
The correlation between SPFB.DE and XZWG.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPFB.DE vs. XZWG.DE — Risk / Return Rank
SPFB.DE
XZWG.DE
SPFB.DE vs. XZWG.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 Government Bond UCITS ETF (XZWG.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 | XZWG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.51 | +1.97 |
| Martin ratioReturn relative to average drawdown | 4.25 | -0.97 | +5.22 |
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 | XZWG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.35 | +1.47 |
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 | -0.64 | +0.98 |
Drawdowns
SPFB.DE vs. XZWG.DE - Drawdown Comparison
The maximum SPFB.DE drawdown since its inception was -15.78%, smaller than the maximum XZWG.DE drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for SPFB.DE and XZWG.DE.
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Drawdown Indicators
| SPFB.DE | XZWG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -20.85% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -2.66% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -7.10% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -17.96% | +16.95% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -15.29% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.41% | -0.62% |
Volatility
SPFB.DE vs. XZWG.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) and Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) have volatilities of 1.39% and 1.43%, 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 | XZWG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.90% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.87% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 6.68% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 6.68% | -2.84% |
SPFB.DE vs. XZWG.DE - Expense Ratio Comparison
SPFB.DE has a 0.10% expense ratio, which is lower than XZWG.DE's 0.20% 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. XZWG.DE - Dividend Comparison
SPFB.DE's dividend yield for the trailing twelve months is around 3.09%, more than XZWG.DE's 2.58% yield.
| 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% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFB.DE and XZWG.DE have a correlation of 0.67, 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 0.20% for XZWG.DE.
SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged), while XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR. They also come from different issuers: State Street and DWS. Their fees differ too: 0.10% for SPFB.DE and 0.20% for XZWG.DE.
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