SPFU.DE vs. XGVC.DE
SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) and XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds - SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged) while XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets. Both are passively managed. Over the past 3 years, SPFU.DE returned 3.98%/yr vs 1.22%/yr for XGVC.DE. A 0.74 correlation means they provide meaningful diversification when combined. SPFU.DE charges 0.10%/yr vs 0.20%/yr for XGVC.DE.
Performance
SPFU.DE vs. XGVC.DE - Performance Comparison
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Different Trading Currencies
SPFU.DE is traded in USD, while XGVC.DE is traded in EUR. To make them comparable, the XGVC.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 0.57% return, which is significantly higher than XGVC.DE's -1.76% 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*
- —
XGVC.DE
- 1D
- 0.00%
- 1M
- -0.49%
- 6M
- -1.29%
- YTD
- -1.76%
- 1Y
- -0.26%
- 3Y*
- 1.22%
- 5Y*
- —
- 10Y*
- —
SPFU.DE vs. XGVC.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% | -0.42% |
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | -1.76% | 8.06% | -4.20% | 5.73% | -3.77% |
Correlation
The correlation between SPFU.DE and XGVC.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2022 | 0.74 |
The correlation between SPFU.DE and XGVC.DE has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
SPFU.DE vs. XGVC.DE — Risk / Return Rank
SPFU.DE
XGVC.DE
SPFU.DE vs. XGVC.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 Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.06 | +1.42 |
| Martin ratioReturn relative to average drawdown | 3.69 | -0.12 | +3.82 |
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Drawdowns
SPFU.DE vs. XGVC.DE - Drawdown Comparison
The maximum SPFU.DE drawdown since its inception was -15.24%, roughly equal to the maximum XGVC.DE drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for SPFU.DE and XGVC.DE.
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Drawdown Indicators
| SPFU.DE | XGVC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -14.90% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -4.46% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -8.83% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -3.86% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -5.03% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.15% | -1.32% |
Volatility
SPFU.DE vs. XGVC.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 Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a volatility of 1.53%. This indicates that SPFU.DE experiences smaller price fluctuations and is considered to be less risky than XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.53% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 5.21% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 6.87% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 8.89% | -4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 8.89% | -5.09% |
SPFU.DE vs. XGVC.DE - Expense Ratio Comparison
SPFU.DE has a 0.10% expense ratio, which is lower than XGVC.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
SPFU.DE vs. XGVC.DE - Dividend Comparison
SPFU.DE's dividend yield for the trailing twelve months is around 3.15%, while XGVC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.15% | 3.03% | 2.73% | 2.02% | 1.41% | 1.22% | 1.51% | 1.25% | 0.89% |
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFU.DE and XGVC.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.20% for XGVC.DE.
SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged), while XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for SPFU.DE and 0.20% for XGVC.DE.
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