SPFE.DE vs. AHYA.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and AHYA.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD) are both Global Bonds funds - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while AHYA.DE tracks the JP Morgan Government Bond Global (USD Hedged). Both are passively managed. Over the past 3 years, SPFE.DE returned 2.19%/yr vs -0.08%/yr for AHYA.DE. At a 0.31 correlation, their price movements are largely independent. SPFE.DE charges 0.10%/yr vs 0.22%/yr for AHYA.DE.
Performance
SPFE.DE vs. AHYA.DE - Performance Comparison
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Different Trading Currencies
SPFE.DE is traded in EUR, while AHYA.DE is traded in USD. To make them comparable, the AHYA.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than AHYA.DE's 1.09% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
AHYA.DE
- 1D
- 0.01%
- 1M
- 1.08%
- YTD
- 1.09%
- 6M
- 0.16%
- 1Y
- 0.35%
- 3Y*
- -0.08%
- 5Y*
- —
- 10Y*
- —
SPFE.DE vs. AHYA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -2.54% |
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD | 1.09% | -8.09% | 7.38% | 2.53% | -4.29% |
Correlation
The correlation between SPFE.DE and AHYA.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.31 |
The correlation between SPFE.DE and AHYA.DE shifts across timeframes, from 0.19 (1 year) to 0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPFE.DE vs. AHYA.DE — Risk / Return Rank
SPFE.DE
AHYA.DE
SPFE.DE vs. AHYA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.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.
| SPFE.DE | AHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.07 | +0.40 |
| Martin ratioReturn relative to average drawdown | 1.36 | 0.18 | +1.18 |
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
| SPFE.DE | AHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.06 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.07 | +0.10 |
Drawdowns
SPFE.DE vs. AHYA.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, which is greater than AHYA.DE's maximum drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and AHYA.DE.
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Drawdown Indicators
| SPFE.DE | AHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -13.10% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -4.96% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -11.97% | +7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | — | — |
Current DrawdownCurrent decline from peak | -8.27% | -8.94% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -7.64% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.94% | -0.99% |
Volatility
SPFE.DE vs. AHYA.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a higher volatility of 1.55% compared to Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD (AHYA.DE) at 1.29%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than AHYA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFE.DE | AHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.29% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 4.44% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 6.08% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 7.84% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 7.84% | -3.78% |
SPFE.DE vs. AHYA.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than AHYA.DE's 0.22% 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
SPFE.DE vs. AHYA.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, while AHYA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AHYA.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
Frequently Asked Questions
SPFE.DE and AHYA.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for AHYA.DE.
SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while AHYA.DE tracks JP Morgan Government Bond Global (USD Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for SPFE.DE and 0.22% for AHYA.DE.
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