XBAG.DE vs. SPFV.DE
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and SPFV.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while SPFV.DE tracks the Bloomberg Global Aggregate Bond (USD Hedged). Both are passively managed. Over the past 5 years, XBAG.DE returned -1.25%/yr vs 1.58%/yr for SPFV.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
XBAG.DE vs. SPFV.DE - Performance Comparison
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Different Trading Currencies
XBAG.DE is traded in EUR, while SPFV.DE is traded in USD. To make them comparable, the SPFV.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 0.49% return, which is significantly lower than SPFV.DE's 1.67% return.
XBAG.DE
- 1D
- 0.04%
- 1M
- 0.60%
- YTD
- 0.49%
- 6M
- -0.07%
- 1Y
- -0.20%
- 3Y*
- 0.24%
- 5Y*
- -1.25%
- 10Y*
- -0.06%
SPFV.DE
- 1D
- -0.02%
- 1M
- 1.07%
- YTD
- 1.67%
- 6M
- 0.87%
- 1Y
- 1.72%
- 3Y*
- 1.37%
- 5Y*
- 1.58%
- 10Y*
- —
XBAG.DE vs. SPFV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 0.49% | -3.89% | 3.40% | 1.86% | -11.56% | 2.92% | -0.49% | -1.09% |
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 1.69% | -7.02% | 9.30% | 3.44% | -6.12% | 7.00% | -4.23% | -1.49% |
Correlation
The correlation between XBAG.DE and SPFV.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019 | 0.73 |
The correlation between XBAG.DE and SPFV.DE has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
XBAG.DE vs. SPFV.DE — Risk / Return Rank
XBAG.DE
SPFV.DE
XBAG.DE vs. SPFV.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.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.
| XBAG.DE | SPFV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.38 | -0.46 |
| Martin ratioReturn relative to average drawdown | -0.16 | 1.00 | -1.17 |
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
| XBAG.DE | SPFV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.29 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.20 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.03 | +0.25 |
Drawdowns
XBAG.DE vs. SPFV.DE - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -16.64%, which is greater than SPFV.DE's maximum drawdown of -11.84%. Use the drawdown chart below to compare losses from any high point for XBAG.DE and SPFV.DE.
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Drawdown Indicators
| XBAG.DE | SPFV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -11.84% | -4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -4.56% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.49% | -11.02% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -11.82% | -3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -16.64% | — | — |
Current DrawdownCurrent decline from peak | -12.21% | -7.20% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -6.09% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.71% | -0.48% |
Volatility
XBAG.DE vs. SPFV.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) is 0.99%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (SPFV.DE) has a volatility of 1.18%. This indicates that XBAG.DE experiences smaller price fluctuations and is considered to be less risky than SPFV.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 | SPFV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.18% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 4.33% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 6.01% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 7.87% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 7.60% | -1.68% |
XBAG.DE vs. SPFV.DE - Expense Ratio Comparison
Both XBAG.DE and SPFV.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. SPFV.DE - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, while SPFV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPFV.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 3.00% | 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 SPFV.DE have a correlation of 0.70, 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 SPFV.DE have the same expense ratio: 0.10% per year.
XBAG.DE tracks Bloomberg Global Aggregate TR USD, while SPFV.DE tracks Bloomberg Global Aggregate Bond (USD Hedged). They also come from different issuers: Xtrackers and State Street.
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