SPFE.DE vs. XGVD.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) are both Global Bonds funds - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs -2.52%/yr for XGVD.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPFE.DE charges 0.10%/yr vs 0.25%/yr for XGVD.DE.
Performance
SPFE.DE vs. XGVD.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 XGVD.DE's -0.89% 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*
- —
XGVD.DE
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- -0.89%
- 6M
- -0.93%
- 1Y
- -0.18%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
SPFE.DE vs. XGVD.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% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | 0.76% |
Correlation
The correlation between SPFE.DE and XGVD.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.87 |
The correlation between SPFE.DE and XGVD.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
SPFE.DE vs. XGVD.DE — Risk / Return Rank
SPFE.DE
XGVD.DE
SPFE.DE vs. XGVD.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 Global Government Bond UCITS ETF EUR hedged (XGVD.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 | XGVD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.05 | +0.52 |
| Martin ratioReturn relative to average drawdown | 1.36 | -0.14 | +1.49 |
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 | XGVD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.05 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.50 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.11 | -0.07 |
Drawdowns
SPFE.DE vs. XGVD.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum XGVD.DE drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and XGVD.DE.
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Drawdown Indicators
| SPFE.DE | XGVD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -21.37% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.53% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.77% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -19.44% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.37% | — |
Current DrawdownCurrent decline from peak | -8.27% | -15.92% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -6.52% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.30% | -0.35% |
Volatility
SPFE.DE vs. XGVD.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a higher volatility of 1.55% compared to Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) at 1.38%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than XGVD.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 | XGVD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.38% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.83% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.47% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 4.98% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 4.31% | -0.25% |
SPFE.DE vs. XGVD.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than XGVD.DE's 0.25% expense ratio. Despite the difference, 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. XGVD.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, more than XGVD.DE's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
Frequently Asked Questions
SPFE.DE and XGVD.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XGVD.DE.
SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for SPFE.DE and 0.25% for XGVD.DE.
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