SPFE.DE vs. XBAE.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs -1.74%/yr for XBAE.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFE.DE vs. XBAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly higher than XBAE.DE's -0.55% 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*
- —
XBAE.DE
- 1D
- 0.05%
- 1M
- 0.08%
- YTD
- -0.55%
- 6M
- -0.69%
- 1Y
- 0.93%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
SPFE.DE vs. XBAE.DE - 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% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -0.14% |
Correlation
The correlation between SPFE.DE and XBAE.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.76 |
The correlation between SPFE.DE and XBAE.DE has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
SPFE.DE vs. XBAE.DE — Risk / Return Rank
SPFE.DE
XBAE.DE
SPFE.DE vs. XBAE.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.30 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.36 | 0.83 | +0.52 |
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 | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.27 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.35 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.08 | -0.04 |
Drawdowns
SPFE.DE vs. XBAE.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum XBAE.DE drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and XBAE.DE.
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Drawdown Indicators
| SPFE.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -19.04% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.11% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.58% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -18.29% | +1.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -8.27% | -10.88% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -5.91% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.11% | -0.16% |
Volatility
SPFE.DE vs. XBAE.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a higher volatility of 1.55% compared to Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) at 1.32%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than XBAE.DE 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 | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.32% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.86% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.46% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 5.00% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 4.63% | -0.57% |
SPFE.DE vs. XBAE.DE - Expense Ratio Comparison
Both SPFE.DE and XBAE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPFE.DE vs. XBAE.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, while XBAE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFE.DE and XBAE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE and XBAE.DE have the same expense ratio: 0.10% per year.
SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: State Street and Xtrackers.
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