SPFE.DE vs. BTC-USD
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) is Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, SPFE.DE returned -1.25%/yr vs 13.98%/yr for BTC-USD. At a correlation of -0.02, they often move in opposite directions.
Performance
SPFE.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
SPFE.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 0.19% return, which is significantly higher than BTC-USD's -26.42% return.
SPFE.DE
- 1D
- -0.12%
- 1M
- 0.54%
- 6M
- 0.23%
- YTD
- 0.19%
- 1Y
- 1.06%
- 3Y*
- 2.39%
- 5Y*
- -1.25%
- 10Y*
- —
BTC-USD
- 1D
- 1.93%
- 1M
- -0.74%
- 6M
- -28.59%
- YTD
- -26.42%
- 1Y
- -41.23%
- 3Y*
- 24.67%
- 5Y*
- 13.98%
- 10Y*
- 56.93%
SPFE.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 0.19% | 2.57% | 1.42% | 4.38% | -13.18% | -2.30% | 3.74% | 5.02% | 0.50% |
BTC-USD Bitcoin | -26.42% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -53.31% |
Correlation
The correlation between SPFE.DE and BTC-USD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | -0.02 |
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Return for Risk
SPFE.DE vs. BTC-USD — Risk / Return Rank
SPFE.DE
BTC-USD
SPFE.DE vs. BTC-USD - 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 Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPFE.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.85 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.79 | +1.18 |
| Martin ratioReturn relative to average drawdown | 1.04 | -1.31 | +2.35 |
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Drawdowns
SPFE.DE vs. BTC-USD - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.26%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and BTC-USD.
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Drawdown Indicators
| SPFE.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -83.05% | +65.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -51.88% | +49.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -51.88% | +47.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -73.60% | +56.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -7.98% | -48.53% | +40.55% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -40.15% | +33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 32.80% | -31.78% |
Volatility
SPFE.DE vs. BTC-USD - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 0.77%, while Bitcoin (BTC-USD) has a volatility of 10.12%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 10.12% | -9.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 34.97% | -32.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 35.39% | -32.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 44.06% | -39.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 55.51% | -51.50% |
Frequently Asked Questions
SPFE.DE and BTC-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SPFE.DE and BTC-USD
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