SPFV.DE vs. DBZB.DE

Last updated Apr 3, 2026

Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE).

SPFV.DE and DBZB.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFV.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate Bond (USD Hedged). It was launched on Oct 9, 2019. DBZB.DE is a passively managed fund by Xtrackers that tracks the performance of the FTSE World Government Bond - Developed Markets (EUR Hedged). It was launched on Oct 20, 2008. Both SPFV.DE and DBZB.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPFV.DE vs. DBZB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE). The values are adjusted to include any dividend payments, if applicable.

SPFV.DE vs. DBZB.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)	0.16%	4.94%	3.07%	6.63%	-11.27%	-1.48%	5.19%	-0.09%
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged	-2.31%	14.34%	-6.11%	6.83%	-19.78%	-10.83%	14.33%	0.21%

Different Trading Currencies

SPFV.DE is traded in USD, while DBZB.DE is traded in EUR. To make them comparable, the DBZB.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPFV.DE achieves a 0.16% return, which is significantly higher than DBZB.DE's -2.31% return.

SPFV.DE

• 1D: 0.15%
• 1M: -0.74%
• YTD: 0.16%
• 6M: 0.82%
• 1Y: 3.60%
• 3Y*: 3.85%
• 5Y*: 0.64%
• 10Y*: —

DBZB.DE

• 1D: -0.67%
• 1M: -2.04%
• YTD: -2.31%
• 6M: -2.33%
• 1Y: 6.30%
• 3Y*: 2.28%
• 5Y*: -2.92%
• 10Y*: -0.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPFV.DE vs. DBZB.DE - Expense Ratio Comparison

SPFV.DE has a 0.10% expense ratio, which is lower than DBZB.DE's 0.25% 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%.

DBZB.DE

Xtrackers II Global Government Bond UCITS ETF EUR Hedged

SPFV.DE

SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)

Return for Risk

SPFV.DE vs. DBZB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPFV.DE

SPFV.DE Risk / Return Rank: 48
SPFV.DE Sharpe Ratio Rank: 59
SPFV.DE Sortino Ratio Rank: 56
SPFV.DE Omega Ratio Rank: 51
SPFV.DE Calmar Ratio Rank: 38
SPFV.DE Martin Ratio Rank: 36

DBZB.DE

DBZB.DE Risk / Return Rank: 9
DBZB.DE Sharpe Ratio Rank: 11
DBZB.DE Sortino Ratio Rank: 10
DBZB.DE Omega Ratio Rank: 10
DBZB.DE Calmar Ratio Rank: 8
DBZB.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPFV.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.

	SPFV.DE	DBZB.DE	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.65	+0.45
Sortino ratio Return per unit of downside risk	1.54	1.03	+0.51
Omega ratio Gain probability vs. loss probability	1.20	1.12	+0.08
Calmar ratio Return relative to maximum drawdown	1.27	0.63	+0.64
Martin ratio Return relative to average drawdown	4.21	1.77	+2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPFV.DE vs. DBZB.DE - Sharpe Ratio Comparison

The current SPFV.DE Sharpe Ratio is 1.11, which is higher than the DBZB.DE Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of SPFV.DE and DBZB.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPFV.DE	DBZB.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.65	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	-0.29	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.04	+0.19

Correlation

The correlation between SPFV.DE and DBZB.DE is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPFV.DE vs. DBZB.DE - Dividend Comparison

Neither SPFV.DE nor DBZB.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPFV.DE vs. DBZB.DE - Drawdown Comparison

The maximum SPFV.DE drawdown since its inception was -15.26%, smaller than the maximum DBZB.DE drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for SPFV.DE and DBZB.DE.

Drawdown Indicators

	SPFV.DE	DBZB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-15.26%	-21.88%	+6.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-3.37%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-15.09%	-19.51%	+4.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.88%	—
Current Drawdown Current decline from peak	-1.44%	-16.29%	+14.85%
Average Drawdown Average peak-to-trough decline	-4.71%	-5.86%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	1.95%	-1.24%

Volatility

SPFV.DE vs. DBZB.DE - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) is 1.25%, while Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a volatility of 3.20%. This indicates that SPFV.DE experiences smaller price fluctuations and is considered to be less risky than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPFV.DE	DBZB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	3.20%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	5.32%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	9.60%	-6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.21%	9.95%	-5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.03%	9.13%	-5.10%