SPFV.DE vs. SPFU.DE
SPFV.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) and SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) are both Global Bonds funds from State Street - SPFV.DE tracks the Bloomberg Global Aggregate Bond (USD Hedged) while SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged). Both are passively managed. Over the past 5 years, SPFV.DE returned 0.40%/yr vs 0.43%/yr for SPFU.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.
Performance
SPFV.DE vs. SPFU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFV.DE achieves a 0.41% return, which is significantly lower than SPFU.DE's 0.44% return.
SPFV.DE
- 1D
- -0.22%
- 1M
- -0.53%
- 6M
- 0.13%
- YTD
- 0.41%
- 1Y
- 3.18%
- 3Y*
- 4.04%
- 5Y*
- 0.40%
- 10Y*
- —
SPFU.DE
- 1D
- -0.10%
- 1M
- -0.52%
- 6M
- 0.15%
- YTD
- 0.44%
- 1Y
- 3.19%
- 3Y*
- 4.06%
- 5Y*
- 0.43%
- 10Y*
- —
SPFV.DE vs. SPFU.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) | 0.41% | 4.95% | 3.04% | 6.64% | -11.26% | -1.47% | 5.20% | -0.63% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.44% | 4.89% | 3.05% | 6.77% | -11.22% | -1.54% | 5.34% | -1.00% |
Correlation
The correlation between SPFV.DE and SPFU.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2019 | 0.95 |
The correlation between SPFV.DE and SPFU.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SPFV.DE vs. SPFU.DE — Risk / Return Rank
SPFV.DE
SPFU.DE
SPFV.DE vs. SPFU.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 State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.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.
| SPFV.DE | SPFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.42 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.87 | -0.12 |
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Drawdowns
SPFV.DE vs. SPFU.DE - Drawdown Comparison
The maximum SPFV.DE drawdown since its inception was -15.28%, roughly equal to the maximum SPFU.DE drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for SPFV.DE and SPFU.DE.
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Drawdown Indicators
| SPFV.DE | SPFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -15.24% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.36% | -2.24% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.54% | -3.42% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -15.00% | -0.09% |
Current DrawdownCurrent decline from peak | -1.21% | -1.14% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.72% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.82% | +0.03% |
Volatility
SPFV.DE vs. SPFU.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) and State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) have volatilities of 0.83% and 0.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFV.DE | SPFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.87% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.56% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 3.08% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 4.26% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 3.80% | +0.22% |
SPFV.DE vs. SPFU.DE - Expense Ratio Comparison
Both SPFV.DE and SPFU.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
SPFV.DE vs. SPFU.DE - Dividend Comparison
SPFV.DE has not paid dividends to shareholders, while SPFU.DE's dividend yield for the trailing twelve months is around 3.15%.
| 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% |
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% |
Frequently Asked Questions
With a correlation of 0.95, SPFV.DE and SPFU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPFV.DE and SPFU.DE have the same expense ratio: 0.10% per year.
SPFV.DE tracks Bloomberg Global Aggregate Bond (USD Hedged), while SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged).
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