SPFE.DE vs. AHYF.DE

Last updated Jun 5, 2026

SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and AHYF.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF USD) are both Global Bonds funds - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while AHYF.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. Both are passively managed. Over the past 3 years, SPFE.DE returned 2.19%/yr vs 1.07%/yr for AHYF.DE. At a 0.20 correlation, their price movements are largely independent. SPFE.DE charges 0.10%/yr vs 0.14%/yr for AHYF.DE.

Performance

SPFE.DE vs. AHYF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and Amundi Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than AHYF.DE's 0.87% 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*: —

AHYF.DE

• 1D: -0.02%
• 1M: 0.41%
• YTD: 0.87%
• 6M: 0.48%
• 1Y: -0.11%
• 3Y*: 1.07%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPFE.DE vs. AHYF.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%	-3.62%
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF USD	0.87%	-3.21%	5.06%	0.94%	-4.47%

Correlation

The correlation between SPFE.DE and AHYF.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022	0.20

The correlation between SPFE.DE and AHYF.DE shifts across timeframes, from 0.07 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SPFE.DE vs. AHYF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPFE.DE

SPFE.DE Risk / Return Rank: 15
SPFE.DE Sharpe Ratio Rank: 16
SPFE.DE Sortino Ratio Rank: 15
SPFE.DE Omega Ratio Rank: 14
SPFE.DE Calmar Ratio Rank: 15
SPFE.DE Martin Ratio Rank: 16

AHYF.DE

AHYF.DE Risk / Return Rank: 8
AHYF.DE Sharpe Ratio Rank: 9
AHYF.DE Sortino Ratio Rank: 8
AHYF.DE Omega Ratio Rank: 8
AHYF.DE Calmar Ratio Rank: 8
AHYF.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPFE.DE vs. AHYF.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 Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.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	AHYF.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.40	-0.03	+0.43
Sortino ratio: Return per unit of downside risk	0.61	-0.02	+0.64
Omega ratio: Gain probability vs. loss probability	1.07	1.00	+0.07
Calmar ratio: Return relative to maximum drawdown	0.47	-0.06	+0.53
Martin ratio: Return relative to average drawdown	1.36	-0.12	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPFE.DE vs. AHYF.DE - Sharpe Ratio Comparison

The current SPFE.DE Sharpe Ratio is 0.40, which is higher than the AHYF.DE Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of SPFE.DE and AHYF.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPFE.DE	AHYF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	-0.03	+0.43
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	-0.06	+0.10

Drawdowns

SPFE.DE vs. AHYF.DE - Drawdown Comparison

The maximum SPFE.DE drawdown since its inception was -17.25%, which is greater than AHYF.DE's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and AHYF.DE.

Drawdown Indicators

	SPFE.DE	AHYF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.25%	-8.40%	-8.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-1.78%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-3.98%	-5.93%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-16.61%	—	—
Current Drawdown Current decline from peak	-8.27%	-4.19%	-4.08%
Average Drawdown Average peak-to-trough decline	-6.51%	-4.26%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.91%	+0.04%

Volatility

SPFE.DE vs. AHYF.DE - Volatility Comparison

SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a higher volatility of 1.55% compared to Amundi Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.DE) at 0.46%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than AHYF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPFE.DE	AHYF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	0.46%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.10%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	3.21%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	4.46%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.06%	4.46%	-0.40%

SPFE.DE vs. AHYF.DE - Expense Ratio Comparison

SPFE.DE has a 0.10% expense ratio, which is lower than AHYF.DE's 0.14% 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. AHYF.DE - Dividend Comparison

SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, while AHYF.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF 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

Can I hold both SPFE.DE and AHYF.DE in my portfolio?

SPFE.DE and AHYF.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPFE.DE or AHYF.DE?

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.

Which ETF is cheaper, SPFE.DE or AHYF.DE?

SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for AHYF.DE.

What is the main difference between SPFE.DE and AHYF.DE?

SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while AHYF.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for SPFE.DE and 0.14% for AHYF.DE.