SPFU.DE vs. AHYB.DE
SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) and AHYB.DE (Amundi Global Aggregate SRI UCITS ETF Hedged USD) are both Global Bonds funds - SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged) while AHYB.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). Both are passively managed. Over the past 3 years, SPFU.DE returned 3.98%/yr vs 3.34%/yr for AHYB.DE. Their correlation of 0.90 suggests significant overlap in exposure. SPFU.DE charges 0.10%/yr vs 0.16%/yr for AHYB.DE.
Performance
SPFU.DE vs. AHYB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFU.DE achieves a 0.57% return, which is significantly higher than AHYB.DE's -0.09% return.
SPFU.DE
- 1D
- 0.13%
- 1M
- -0.49%
- 6M
- 0.41%
- YTD
- 0.57%
- 1Y
- 3.06%
- 3Y*
- 3.98%
- 5Y*
- 0.45%
- 10Y*
- —
AHYB.DE
- 1D
- 0.00%
- 1M
- -0.79%
- 6M
- -0.25%
- YTD
- -0.09%
- 1Y
- 2.14%
- 3Y*
- 3.34%
- 5Y*
- —
- 10Y*
- —
SPFU.DE vs. AHYB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.57% | 4.89% | 3.05% | 6.77% | -3.88% |
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | -0.09% | 4.31% | 1.94% | 7.19% | -4.62% |
Correlation
The correlation between SPFU.DE and AHYB.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2022 | 0.90 |
The correlation between SPFU.DE and AHYB.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
SPFU.DE vs. AHYB.DE — Risk / Return Rank
SPFU.DE
AHYB.DE
SPFU.DE vs. AHYB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPFU.DE | AHYB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.76 | +0.60 |
| Martin ratioReturn relative to average drawdown | 3.69 | 2.07 | +1.62 |
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Drawdowns
SPFU.DE vs. AHYB.DE - Drawdown Comparison
The maximum SPFU.DE drawdown since its inception was -15.24%, which is greater than AHYB.DE's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for SPFU.DE and AHYB.DE.
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Drawdown Indicators
| SPFU.DE | AHYB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -8.37% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -2.79% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -3.30% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.69% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -2.05% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.03% | -0.20% |
Volatility
SPFU.DE vs. AHYB.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) is 0.88%, while Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) has a volatility of 1.18%. This indicates that SPFU.DE experiences smaller price fluctuations and is considered to be less risky than AHYB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFU.DE | AHYB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.18% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.08% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 3.69% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 4.63% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 4.63% | -0.83% |
SPFU.DE vs. AHYB.DE - Expense Ratio Comparison
SPFU.DE has a 0.10% expense ratio, which is lower than AHYB.DE's 0.16% 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
SPFU.DE vs. AHYB.DE - Dividend Comparison
SPFU.DE's dividend yield for the trailing twelve months is around 3.15%, while AHYB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.15% | 3.03% | 2.73% | 2.02% | 1.41% | 1.22% | 1.51% | 1.25% | 0.89% |
Frequently Asked Questions
With a correlation of 0.91, SPFU.DE and AHYB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPFU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFU.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for AHYB.DE.
SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged), while AHYB.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for SPFU.DE and 0.16% for AHYB.DE.
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