SPFV.DE vs. XBAE.DE
SPFV.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - SPFV.DE tracks the Bloomberg Global Aggregate Bond (USD Hedged) while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 5 years, SPFV.DE returned 0.64%/yr vs -2.65%/yr for XBAE.DE. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFV.DE vs. XBAE.DE - Performance Comparison
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Different Trading Currencies
SPFV.DE is traded in USD, while XBAE.DE is traded in EUR. To make them comparable, the XBAE.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 0.53% return, which is significantly higher than XBAE.DE's -1.69% return.
SPFV.DE
- 1D
- 0.12%
- 1M
- 0.40%
- YTD
- 0.53%
- 6M
- 0.60%
- 1Y
- 3.46%
- 3Y*
- 4.14%
- 5Y*
- 0.64%
- 10Y*
- —
XBAE.DE
- 1D
- 0.17%
- 1M
- -0.60%
- YTD
- -1.69%
- 6M
- -0.96%
- 1Y
- 2.66%
- 3Y*
- 4.49%
- 5Y*
- -2.65%
- 10Y*
- -0.23%
SPFV.DE vs. XBAE.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) | 0.53% | 4.94% | 3.07% | 6.63% | -11.27% | -1.48% | 5.19% | -0.09% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -1.69% | 15.88% | -5.23% | 7.66% | -19.31% | -9.88% | 13.83% | 0.78% |
Correlation
The correlation between SPFV.DE and XBAE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019 | 0.51 |
The correlation between SPFV.DE and XBAE.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
SPFV.DE vs. XBAE.DE — Risk / Return Rank
SPFV.DE
XBAE.DE
SPFV.DE vs. XBAE.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 ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.46 | +1.00 |
| Martin ratioReturn relative to average drawdown | 4.38 | 1.10 | +3.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPFV.DE | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.34 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.27 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.11 | +0.34 |
Drawdowns
SPFV.DE vs. XBAE.DE - Drawdown Comparison
The maximum SPFV.DE drawdown since its inception was -15.26%, smaller than the maximum XBAE.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for SPFV.DE and XBAE.DE.
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Drawdown Indicators
| SPFV.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.26% | -35.55% | +20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -5.72% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.50% | -11.42% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -33.36% | +18.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -1.08% | -15.74% | +14.66% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -14.69% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.42% | -1.63% |
Volatility
SPFV.DE vs. XBAE.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) is 1.27%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) has a volatility of 2.20%. This indicates that SPFV.DE experiences smaller price fluctuations and is considered to be less risky than XBAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFV.DE | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.20% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 5.54% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 7.89% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 9.85% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 9.23% | -5.19% |
SPFV.DE vs. XBAE.DE - Expense Ratio Comparison
Both SPFV.DE and XBAE.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. XBAE.DE - Dividend Comparison
Neither SPFV.DE nor XBAE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFV.DE and XBAE.DE have a correlation of 0.59, 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.
SPFV.DE and XBAE.DE have the same expense ratio: 0.10% per year.
SPFV.DE tracks Bloomberg Global Aggregate Bond (USD Hedged), while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: State Street and Xtrackers.
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