SPFE.DE vs. XZWG.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while XZWG.DE tracks the Bloomberg Global Aggregate TR Hdg EUR. Both are passively managed. Over the past 3 years, SPFE.DE returned 2.19%/yr vs -0.15%/yr for XZWG.DE. A 0.77 correlation means they provide meaningful diversification when combined. SPFE.DE charges 0.10%/yr vs 0.20%/yr for XZWG.DE.
Performance
SPFE.DE vs. XZWG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than XZWG.DE's 0.27% 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*
- —
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- -0.20%
- 1Y
- -1.37%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
SPFE.DE vs. XZWG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -0.68% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -16.73% | -1.34% |
Correlation
The correlation between SPFE.DE and XZWG.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.77 |
The correlation between SPFE.DE and XZWG.DE shifts across timeframes, from 0.63 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPFE.DE vs. XZWG.DE — Risk / Return Rank
SPFE.DE
XZWG.DE
SPFE.DE vs. XZWG.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 Government Bond UCITS ETF (XZWG.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 | XZWG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.95 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.51 | +0.99 |
| Martin ratioReturn relative to average drawdown | 1.36 | -0.97 | +2.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPFE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.35 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.64 | +0.68 |
Drawdowns
SPFE.DE vs. XZWG.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum XZWG.DE drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and XZWG.DE.
Loading charts...
Drawdown Indicators
| SPFE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -20.85% | +3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.66% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -7.10% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | — | — |
Current DrawdownCurrent decline from peak | -8.27% | -17.96% | +9.69% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -15.29% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.41% | -0.46% |
Volatility
SPFE.DE vs. XZWG.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 Government Bond UCITS ETF (XZWG.DE) at 1.43%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than XZWG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPFE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.43% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.90% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.87% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.68% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 6.68% | -2.62% |
SPFE.DE vs. XZWG.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than XZWG.DE's 0.20% 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. XZWG.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, more than XZWG.DE's 2.58% yield.
| 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% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFE.DE and XZWG.DE have a correlation of 0.63, 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 0.20% for XZWG.DE.
SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR. They also come from different issuers: State Street and DWS. Their fees differ too: 0.10% for SPFE.DE and 0.20% for XZWG.DE.
Find the right allocation for SPFE.DE and XZWG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer