SPFU.DE vs. VAGE.DE
SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both Global Bonds funds - SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged) while VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, SPFU.DE returned 0.64%/yr vs -2.45%/yr for VAGE.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFU.DE vs. VAGE.DE - Performance Comparison
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Different Trading Currencies
SPFU.DE is traded in USD, while VAGE.DE is traded in EUR. To make them comparable, the VAGE.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 VAGE.DE's -2.88% 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*
- —
VAGE.DE
- 1D
- -0.11%
- 1M
- -0.96%
- 6M
- -2.41%
- YTD
- -2.88%
- 1Y
- -1.74%
- 3Y*
- 4.01%
- 5Y*
- -2.45%
- 10Y*
- —
SPFU.DE vs. VAGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 2.66% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -2.88% | 16.53% | -5.01% | 7.77% | -19.45% | -10.45% | 15.10% | 1.01% |
Correlation
The correlation between SPFU.DE and VAGE.DE is 0.60, 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 | 0.60 |
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 Jun 18, 2019 | 0.54 |
The correlation between SPFU.DE and VAGE.DE has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
SPFU.DE vs. VAGE.DE — Risk / Return Rank
SPFU.DE
VAGE.DE
SPFU.DE vs. VAGE.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.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 | VAGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.97 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.29 | +1.63 |
| Martin ratioReturn relative to average drawdown | 3.75 | -0.62 | +4.36 |
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Drawdowns
SPFU.DE vs. VAGE.DE - Drawdown Comparison
The maximum SPFU.DE drawdown since its inception was -15.24%, smaller than the maximum VAGE.DE drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for SPFU.DE and VAGE.DE.
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Drawdown Indicators
| SPFU.DE | VAGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -36.01% | +20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -5.96% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -11.19% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | -33.17% | +18.17% |
Current DrawdownCurrent decline from peak | -0.65% | -16.43% | +15.78% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -15.56% | +11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.80% | -2.00% |
Volatility
SPFU.DE vs. VAGE.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a volatility of 1.99%. This indicates that SPFU.DE experiences smaller price fluctuations and is considered to be less risky than VAGE.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 | VAGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.99% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 5.95% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 8.12% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 9.78% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 9.26% | -5.46% |
SPFU.DE vs. VAGE.DE - Expense Ratio Comparison
Both SPFU.DE and VAGE.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. VAGE.DE - Dividend Comparison
SPFU.DE's dividend yield for the trailing twelve months is around 3.14%, less than VAGE.DE's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.61% | 3.52% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% | 0.00% |
Frequently Asked Questions
SPFU.DE and VAGE.DE have a correlation of 0.60, 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 VAGE.DE have the same expense ratio: 0.10% per year.
SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged), while VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: State Street and Vanguard.
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