VAGE.DE vs. HGGA.DE
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, VAGE.DE returned 2.06%/yr vs 0.90%/yr for HGGA.DE. At a 0.09 correlation, their price movements are largely independent. VAGE.DE charges 0.10%/yr vs 0.18%/yr for HGGA.DE.
Performance
VAGE.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGE.DE achieves a -0.58% return, which is significantly lower than HGGA.DE's 1.31% return.
VAGE.DE
- 1D
- 0.10%
- 1M
- 0.16%
- YTD
- -0.58%
- 6M
- -0.57%
- 1Y
- 1.21%
- 3Y*
- 2.06%
- 5Y*
- -1.65%
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
VAGE.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.58% | 3.25% | 0.73% | 4.48% | -13.42% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
Correlation
The correlation between VAGE.DE and HGGA.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.09 |
The correlation between VAGE.DE and HGGA.DE shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGE.DE vs. HGGA.DE — Risk / Return Rank
VAGE.DE
HGGA.DE
VAGE.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.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.
| VAGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.08 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.08 | 0.17 | +0.91 |
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
| VAGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.05 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.04 | -0.23 |
Drawdowns
VAGE.DE vs. HGGA.DE - Drawdown Comparison
The maximum VAGE.DE drawdown since its inception was -19.43%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and HGGA.DE.
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Drawdown Indicators
| VAGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -8.58% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.04% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -6.78% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | — | — |
Current DrawdownCurrent decline from peak | -10.62% | -4.56% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -4.18% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.02% | +0.10% |
Volatility
VAGE.DE vs. HGGA.DE - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a higher volatility of 1.42% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that VAGE.DE's price experiences larger fluctuations and is considered to be riskier than HGGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGE.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.53% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.33% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.42% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 4.98% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 4.98% | -0.49% |
VAGE.DE vs. HGGA.DE - Expense Ratio Comparison
VAGE.DE has a 0.10% expense ratio, which is lower than HGGA.DE's 0.18% 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
VAGE.DE vs. HGGA.DE - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, while HGGA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% |
Frequently Asked Questions
VAGE.DE and HGGA.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGE.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for HGGA.DE.
VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.10% for VAGE.DE and 0.18% for HGGA.DE.
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