SPFU.DE vs. SPFB.DE
SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) and SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) are both Global Bonds funds from State Street - SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged) while SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged). Both are passively managed. Over the past 5 years, SPFU.DE returned 0.64%/yr vs -0.55%/yr for SPFB.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
SPFU.DE vs. SPFB.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPFU.DE is traded in USD, while SPFB.DE is traded in EUR. To make them comparable, the SPFB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPFU.DE achieves a 0.93% return, which is significantly higher than SPFB.DE's -1.76% return.
SPFU.DE
- 1D
- -0.07%
- 1M
- 0.53%
- 6M
- 1.10%
- YTD
- 0.93%
- 1Y
- 3.02%
- 3Y*
- 4.29%
- 5Y*
- 0.64%
- 10Y*
- —
SPFB.DE
- 1D
- -0.07%
- 1M
- -0.90%
- 6M
- -1.38%
- YTD
- -1.76%
- 1Y
- 0.13%
- 3Y*
- 5.82%
- 5Y*
- -0.55%
- 10Y*
- —
SPFU.DE vs. SPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.93% | 4.89% | 3.05% | 6.77% | -11.22% | -1.54% | 5.34% | 8.06% | 2.43% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | -1.76% | 18.35% | -3.05% | 9.09% | -16.92% | -9.34% | 14.53% | 4.19% | -6.80% |
Correlation
The correlation between SPFU.DE and SPFB.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.49 |
The correlation between SPFU.DE and SPFB.DE shifts across timeframes, from 0.49 (all time) to 0.61 (1 year), 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
SPFU.DE vs. SPFB.DE — Risk / Return Rank
SPFU.DE
SPFB.DE
SPFU.DE vs. SPFB.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.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 | SPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.02 | +1.32 |
| Martin ratioReturn relative to average drawdown | 3.75 | 0.05 | +3.69 |
Loading charts...
Drawdowns
SPFU.DE vs. SPFB.DE - Drawdown Comparison
The maximum SPFU.DE drawdown since its inception was -15.24%, smaller than the maximum SPFB.DE drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for SPFU.DE and SPFB.DE.
Loading charts...
Drawdown Indicators
| SPFU.DE | SPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -33.61% | +18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -5.56% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -10.40% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | -31.09% | +16.09% |
Current DrawdownCurrent decline from peak | -0.65% | -7.50% | +6.85% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -11.59% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.36% | -1.56% |
Volatility
SPFU.DE vs. SPFB.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) is 0.72%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) has a volatility of 1.89%. This indicates that SPFU.DE experiences smaller price fluctuations and is considered to be less risky than SPFB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPFU.DE | SPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.89% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 5.83% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 7.82% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 9.48% | -5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 8.71% | -4.91% |
SPFU.DE vs. SPFB.DE - Expense Ratio Comparison
Both SPFU.DE and SPFB.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
SPFU.DE vs. SPFB.DE - Dividend Comparison
SPFU.DE's dividend yield for the trailing twelve months is around 3.14%, more than SPFB.DE's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.52% | 1.70% | 0.88% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.14% | 3.03% | 2.73% | 2.02% | 1.41% | 1.22% | 1.51% | 1.25% | 0.89% |
Frequently Asked Questions
SPFU.DE and SPFB.DE have a correlation of 0.61, 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.
SPFU.DE and SPFB.DE have the same expense ratio: 0.10% per year.
SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged), while SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged).
Find the right allocation for SPFU.DE and SPFB.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