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 -1.22%/yr vs 12.48%/yr for BTC-USD. At a correlation of -0.04, 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 -0.14% return, which is significantly higher than BTC-USD's -26.78% 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*
- —
BTC-USD
- 1D
- -1.22%
- 1M
- -21.18%
- YTD
- -26.78%
- 6M
- -31.03%
- 1Y
- -40.54%
- 3Y*
- 31.42%
- 5Y*
- 12.48%
- 10Y*
- 59.35%
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 | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
BTC-USD Bitcoin | -26.78% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -64.14% |
Correlation
The correlation between SPFE.DE and BTC-USD is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | -0.04 |
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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.
| SPFE.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.86 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.81 | +1.29 |
| Martin ratioReturn relative to average drawdown | 1.36 | -1.44 | +2.80 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.95 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.23 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.13 | -1.09 |
Drawdowns
SPFE.DE vs. BTC-USD - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, 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 | -17.25% | -83.05% | +65.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -49.93% | +47.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -49.93% | +45.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -73.60% | +56.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -8.27% | -48.78% | +40.51% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -39.96% | +33.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 33.68% | -32.73% |
Volatility
SPFE.DE vs. BTC-USD - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while Bitcoin (BTC-USD) has a volatility of 10.14%. 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 | 1.55% | 10.14% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 34.46% | -31.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 35.39% | -32.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 45.05% | -40.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 55.99% | -51.93% |
Frequently Asked Questions
SPFE.DE and BTC-USD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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