XBAG.DE vs. SPFU.DE
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) are both Global Bonds funds - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged). Both are passively managed. Over the past 5 years, XBAG.DE returned -1.65%/yr vs 1.05%/yr for SPFU.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
XBAG.DE vs. SPFU.DE - Performance Comparison
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Different Trading Currencies
XBAG.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, XBAG.DE achieves a 1.29% return, which is significantly lower than SPFU.DE's 3.08% return.
XBAG.DE
- 1D
- 0.03%
- 1M
- 0.36%
- 6M
- 0.23%
- YTD
- 1.29%
- 1Y
- 2.80%
- 3Y*
- 1.54%
- 5Y*
- -1.65%
- 10Y*
- -0.32%
SPFU.DE
- 1D
- 0.05%
- 1M
- 0.89%
- 6M
- 1.59%
- YTD
- 3.08%
- 1Y
- 4.93%
- 3Y*
- 3.42%
- 5Y*
- 1.05%
- 10Y*
- —
XBAG.DE vs. SPFU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 1.29% | -3.91% | 3.40% | 1.86% | -11.54% | 2.90% | -0.49% | 9.26% | 5.89% |
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.08% | -7.07% | 9.27% | 3.57% | -6.07% | 6.92% | -4.09% | 10.41% | 11.46% |
Correlation
The correlation between XBAG.DE and SPFU.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.72 |
The correlation between XBAG.DE and SPFU.DE has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
XBAG.DE vs. SPFU.DE — Risk / Return Rank
XBAG.DE
SPFU.DE
XBAG.DE vs. SPFU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.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.
| XBAG.DE | SPFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.11 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.37 | 3.07 | -0.71 |
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Drawdowns
XBAG.DE vs. SPFU.DE - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -27.90%, 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 XBAG.DE and SPFU.DE.
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Drawdown Indicators
| XBAG.DE | SPFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -11.78% | -16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -4.43% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -10.96% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -11.67% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -16.65% | — | — |
Current DrawdownCurrent decline from peak | -11.53% | -5.91% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -5.04% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.60% | -0.42% |
Volatility
XBAG.DE vs. SPFU.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) is 1.07%, while State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) has a volatility of 1.43%. This indicates that XBAG.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
| XBAG.DE | SPFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.43% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.44% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 5.99% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 7.83% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 7.53% | -1.71% |
XBAG.DE vs. SPFU.DE - Expense Ratio Comparison
Both XBAG.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
XBAG.DE vs. SPFU.DE - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 2.98%, less than SPFU.DE's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 2.98% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% |
Frequently Asked Questions
XBAG.DE and SPFU.DE have a correlation of 0.72, 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.
XBAG.DE and SPFU.DE have the same expense ratio: 0.10% per year.
XBAG.DE tracks Bloomberg Global Aggregate TR USD, while SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged). They also come from different issuers: Xtrackers and State Street.
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