SPFE.DE vs. BNDW
Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and Vanguard Total World Bond ETF (BNDW).
SPFE.DE and BNDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFE.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate Bond (EUR Hedged). It was launched on Feb 14, 2018. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018. Both SPFE.DE and BNDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPFE.DE vs. BNDW - Performance Comparison
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SPFE.DE vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.27% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.11% |
BNDW Vanguard Total World Bond ETF | 1.94% | -7.44% | 9.18% | 3.97% | -7.48% | 5.23% | -2.54% | 10.82% | 2.61% |
Different Trading Currencies
SPFE.DE is traded in EUR, while BNDW is traded in USD. To make them comparable, the BNDW 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 -0.27% return, which is significantly lower than BNDW's 1.63% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- -1.15%
- YTD
- -0.27%
- 6M
- -0.18%
- 1Y
- 1.39%
- 3Y*
- 1.86%
- 5Y*
- -1.20%
- 10Y*
- —
BNDW
- 1D
- 0.00%
- 1M
- -0.92%
- YTD
- 1.63%
- 6M
- 1.76%
- 1Y
- -3.21%
- 3Y*
- 1.61%
- 5Y*
- 0.59%
- 10Y*
- —
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SPFE.DE vs. BNDW - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is higher than BNDW's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPFE.DE vs. BNDW — Risk / Return Rank
SPFE.DE
BNDW
SPFE.DE vs. BNDW - 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 Vanguard Total World Bond ETF (BNDW). 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 | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | -0.42 | +0.86 |
Sortino ratioReturn per unit of downside risk | 0.64 | -0.51 | +1.15 |
Omega ratioGain probability vs. loss probability | 1.08 | 0.93 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.50 | +0.79 |
Martin ratioReturn relative to average drawdown | 0.86 | -0.78 | +1.64 |
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 | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | -0.42 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.07 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.24 | -0.21 |
Correlation
The correlation between SPFE.DE and BNDW is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPFE.DE vs. BNDW - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.13%, less than BNDW's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.13% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
BNDW Vanguard Total World Bond ETF | 4.18% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Drawdowns
SPFE.DE vs. BNDW - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, which is greater than BNDW's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and BNDW.
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Drawdown Indicators
| SPFE.DE | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -17.22% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -2.70% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -16.93% | +0.32% |
Current DrawdownCurrent decline from peak | -8.39% | -1.82% | -6.57% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -5.05% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.74% | +0.07% |
Volatility
SPFE.DE vs. BNDW - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.32%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.97%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than BNDW 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 | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.97% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 4.27% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 7.62% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 8.11% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 7.90% | -3.86% |