VAGE.DE vs. SPFU.DE
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) are both Global Bonds funds - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged). Both are passively managed. Over the past 5 years, VAGE.DE returned -1.94%/yr vs 1.09%/yr for SPFU.DE. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VAGE.DE vs. SPFU.DE - Performance Comparison
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Different Trading Currencies
VAGE.DE is traded in EUR, while SPFU.DE is traded in USD. To make them comparable, the SPFU.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGE.DE achieves a -0.84% return, which is significantly lower than SPFU.DE's 3.28% return.
VAGE.DE
- 1D
- 0.15%
- 1M
- -0.76%
- 6M
- -0.96%
- YTD
- -0.84%
- 1Y
- 0.89%
- 3Y*
- 1.90%
- 5Y*
- -1.94%
- 10Y*
- —
SPFU.DE
- 1D
- 0.17%
- 1M
- 0.06%
- 6M
- 1.82%
- YTD
- 3.28%
- 1Y
- 4.46%
- 3Y*
- 3.34%
- 5Y*
- 1.09%
- 10Y*
- —
VAGE.DE vs. SPFU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.84% | 3.22% | 0.75% | 4.46% | -14.75% | -2.78% | 4.85% | 0.96% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.28% | -7.07% | 9.27% | 3.57% | -6.07% | 6.92% | -4.09% | 2.85% |
Correlation
The correlation between VAGE.DE and SPFU.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.29 |
The correlation between VAGE.DE and SPFU.DE shifts across timeframes, from 0.14 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGE.DE vs. SPFU.DE — Risk / Return Rank
VAGE.DE
SPFU.DE
VAGE.DE vs. SPFU.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 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.
| VAGE.DE | SPFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.00 | -0.72 |
| Martin ratioReturn relative to average drawdown | 0.70 | 2.78 | -2.08 |
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Drawdowns
VAGE.DE vs. SPFU.DE - Drawdown Comparison
The maximum VAGE.DE drawdown since its inception was -19.45%, which is greater than SPFU.DE's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and SPFU.DE.
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Drawdown Indicators
| VAGE.DE | SPFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -11.78% | -7.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -4.43% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -10.96% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -11.67% | -6.97% |
Current DrawdownCurrent decline from peak | -10.90% | -5.73% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -5.04% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.60% | -0.33% |
Volatility
VAGE.DE vs. SPFU.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) is 1.18%, while State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) has a volatility of 1.40%. This indicates that VAGE.DE experiences smaller price fluctuations and is considered to be less risky than SPFU.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 | SPFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.40% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 4.40% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 5.99% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 7.82% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 7.53% | -3.04% |
VAGE.DE vs. SPFU.DE - Expense Ratio Comparison
Both VAGE.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
VAGE.DE vs. SPFU.DE - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.59%, more than SPFU.DE's 3.15% yield.
| 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% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.59% | 3.52% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% | 0.00% |
Frequently Asked Questions
VAGE.DE and SPFU.DE have a correlation of 0.14, 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.
VAGE.DE and SPFU.DE have the same expense ratio: 0.10% per year.
VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged). They also come from different issuers: Vanguard and State Street.
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