VAGF.DE vs. HGGA.DE
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - VAGF.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, VAGF.DE returned 2.04%/yr vs 0.90%/yr for HGGA.DE. At a 0.08 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.18%/yr for HGGA.DE.
Performance
VAGF.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.68% return, which is significantly lower than HGGA.DE's 1.31% return.
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
VAGF.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -13.36% |
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 VAGF.DE and HGGA.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.08 |
The correlation between VAGF.DE and HGGA.DE shifts across timeframes, from -0.18 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGF.DE vs. HGGA.DE — Risk / Return Rank
VAGF.DE
HGGA.DE
VAGF.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) Acc (VAGF.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.
| VAGF.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| 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 | 1.06 | 0.17 | +0.89 |
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
| VAGF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.05 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.04 | -0.21 |
Drawdowns
VAGF.DE vs. HGGA.DE - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.57%, 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 VAGF.DE and HGGA.DE.
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Drawdown Indicators
| VAGF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -8.58% | -10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.04% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -6.78% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -4.56% | -6.17% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -4.18% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.02% | +0.11% |
Volatility
VAGF.DE vs. HGGA.DE - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a higher volatility of 1.55% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that VAGF.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
| VAGF.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.53% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.33% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.42% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 4.98% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 4.98% | -0.27% |
VAGF.DE vs. HGGA.DE - Expense Ratio Comparison
VAGF.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
VAGF.DE vs. HGGA.DE - Dividend Comparison
Neither VAGF.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGF.DE and HGGA.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for HGGA.DE.
VAGF.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 VAGF.DE and 0.18% for HGGA.DE.
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