SPFD.DE vs. FESD.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 1.89%/yr for FESD.DE. At a correlation of -0.11, they often move in opposite directions. SPFD.DE charges 0.60%/yr vs 0.45%/yr for FESD.DE.
Performance
SPFD.DE vs. FESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFD.DE achieves a -1.76% return, which is significantly lower than FESD.DE's 3.41% return.
SPFD.DE
- 1D
- 0.08%
- 1M
- -0.48%
- YTD
- -1.76%
- 6M
- -1.05%
- 1Y
- 2.41%
- 3Y*
- 2.99%
- 5Y*
- -1.83%
- 10Y*
- —
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
SPFD.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.76% | 12.45% | -4.39% | 6.63% | -12.77% | -2.39% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between SPFD.DE and FESD.DE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | -0.11 |
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Return for Risk
SPFD.DE vs. FESD.DE — Risk / Return Rank
SPFD.DE
FESD.DE
SPFD.DE vs. FESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) and Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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.
| SPFD.DE | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.46 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.09 | 6.56 | -5.47 |
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
| SPFD.DE | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.40 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.22 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.19 | -0.32 |
Drawdowns
SPFD.DE vs. FESD.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for SPFD.DE and FESD.DE.
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Drawdown Indicators
| SPFD.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -16.01% | -12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -3.71% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -12.34% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -16.01% | -10.76% |
Current DrawdownCurrent decline from peak | -11.71% | -0.59% | -11.12% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -7.16% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.39% | +0.83% |
Volatility
SPFD.DE vs. FESD.DE - Volatility Comparison
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a higher volatility of 2.53% compared to Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) at 2.28%. This indicates that SPFD.DE's price experiences larger fluctuations and is considered to be riskier than FESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFD.DE | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.28% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 4.57% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 6.51% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.80% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 8.70% | +0.18% |
SPFD.DE vs. FESD.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than FESD.DE's 0.45% expense ratio.
Dividends
SPFD.DE vs. FESD.DE - Dividend Comparison
SPFD.DE has not paid dividends to shareholders, while FESD.DE's dividend yield for the trailing twelve months is around 6.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% |
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFD.DE and FESD.DE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FESD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.60% for SPFD.DE and 0.45% for FESD.DE.
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