SPFV.DE vs. EUN3.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 iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE).

SPFV.DE and EUN3.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. EUN3.DE is a passively managed fund by iShares that tracks the performance of the FTSE G7 Government Bond. It was launched on Mar 6, 2009. Both SPFV.DE and EUN3.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. EUN3.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 iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE). The values are adjusted to include any dividend payments, if applicable.

SPFV.DE vs. EUN3.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%
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist)	-2.87%	6.83%	-3.59%	3.62%	-17.47%	-6.88%	9.52%	-0.43%

Different Trading Currencies

SPFV.DE is traded in USD, while EUN3.DE is traded in EUR. To make them comparable, the EUN3.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 EUN3.DE's -2.87% 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*: —

EUN3.DE

• 1D: -0.07%
• 1M: -1.98%
• YTD: -2.87%
• 6M: -3.34%
• 1Y: 0.46%
• 3Y*: 0.05%
• 5Y*: -3.41%
• 10Y*: -0.84%

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

SPFV.DE vs. EUN3.DE - Expense Ratio Comparison

SPFV.DE has a 0.10% expense ratio, which is lower than EUN3.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%.

EUN3.DE

iShares Global Government Bond UCITS ETF USD (Dist)

SPFV.DE

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

Return for Risk

SPFV.DE vs. EUN3.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

EUN3.DE

EUN3.DE Risk / Return Rank: 1
EUN3.DE Sharpe Ratio Rank: 0
EUN3.DE Sortino Ratio Rank: 1
EUN3.DE Omega Ratio Rank: 1
EUN3.DE Calmar Ratio Rank: 2
EUN3.DE Martin Ratio Rank: 3

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. EUN3.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 iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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	EUN3.DE	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.06	+1.04
Sortino ratio Return per unit of downside risk	1.54	0.14	+1.40
Omega ratio Gain probability vs. loss probability	1.20	1.02	+0.19
Calmar ratio Return relative to maximum drawdown	1.27	-0.28	+1.55
Martin ratio Return relative to average drawdown	4.21	-0.73	+4.93
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. EUN3.DE - Sharpe Ratio Comparison

The current SPFV.DE Sharpe Ratio is 1.11, which is higher than the EUN3.DE Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of SPFV.DE and EUN3.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	EUN3.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.06	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	-0.44	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	-0.00	+0.23

Correlation

The correlation between SPFV.DE and EUN3.DE is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPFV.DE vs. EUN3.DE - Dividend Comparison

SPFV.DE has not paid dividends to shareholders, while EUN3.DE's dividend yield for the trailing twelve months is around 1.49%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist)	1.49%	3.09%	2.40%	1.47%	0.79%	0.60%	1.08%	1.20%	1.04%	1.01%	1.04%	0.59%

Drawdowns

SPFV.DE vs. EUN3.DE - Drawdown Comparison

The maximum SPFV.DE drawdown since its inception was -15.26%, smaller than the maximum EUN3.DE drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for SPFV.DE and EUN3.DE.

Drawdown Indicators

	SPFV.DE	EUN3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-15.26%	-22.73%	+7.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-7.99%	+5.64%
Max Drawdown (5Y) Largest decline over 5 years	-15.09%	-18.97%	+3.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.73%	—
Current Drawdown Current decline from peak	-1.44%	-21.38%	+19.94%
Average Drawdown Average peak-to-trough decline	-4.71%	-9.40%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	5.10%	-4.39%

Volatility

SPFV.DE vs. EUN3.DE - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) is 1.25%, while iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) has a volatility of 2.35%. This indicates that SPFV.DE experiences smaller price fluctuations and is considered to be less risky than EUN3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPFV.DE	EUN3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	2.35%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	4.23%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	7.32%	-4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.21%	7.71%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.03%	6.98%	-2.95%