SPFE.DE vs. DGRO
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs 11.75%/yr for DGRO. At a correlation of -0.01, they often move in opposite directions. SPFE.DE charges 0.10%/yr vs 0.08%/yr for DGRO.
Performance
SPFE.DE vs. DGRO - Performance Comparison
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Different Trading Currencies
SPFE.DE is traded in EUR, while DGRO is traded in USD. To make them comparable, the DGRO 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 DGRO's 10.89% 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*
- —
DGRO
- 1D
- 0.67%
- 1M
- 3.96%
- YTD
- 10.89%
- 6M
- 10.16%
- 1Y
- 21.81%
- 3Y*
- 14.33%
- 5Y*
- 11.75%
- 10Y*
- 13.09%
SPFE.DE vs. DGRO - 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% |
DGRO iShares Core Dividend Growth ETF | 10.89% | 1.96% | 24.32% | 7.16% | -2.20% | 36.12% | 0.47% | 32.80% | 3.52% |
Correlation
The correlation between SPFE.DE and DGRO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | -0.01 |
The correlation between SPFE.DE and DGRO shifts across timeframes, from -0.01 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPFE.DE vs. DGRO — Risk / Return Rank
SPFE.DE
DGRO
SPFE.DE vs. DGRO - 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 iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.23 | -3.75 |
| Martin ratioReturn relative to average drawdown | 1.36 | 14.90 | -13.55 |
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 | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.17 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.85 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.79 | -0.76 |
Drawdowns
SPFE.DE vs. DGRO - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum DGRO drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and DGRO.
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Drawdown Indicators
| SPFE.DE | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -34.35% | +17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -5.18% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -19.19% | +15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -19.19% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.35% | — |
Current DrawdownCurrent decline from peak | -8.27% | 0.00% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -4.32% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.47% | -0.52% |
Volatility
SPFE.DE vs. DGRO - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.36%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than DGRO 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 | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.36% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 7.26% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 10.11% | -6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 13.94% | -9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 17.31% | -13.25% |
SPFE.DE vs. DGRO - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is higher than DGRO's 0.08% 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%.
Dividends
SPFE.DE vs. DGRO - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, more than DGRO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFE.DE and DGRO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.10% for SPFE.DE.
SPFE.DE is categorized as Global Bonds, while DGRO is Large Cap Growth Equities. SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for SPFE.DE and 0.08% for DGRO.
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