XG7S.DE vs. HGGA.DE
XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both Global Bonds funds - XG7S.DE tracks the Bloomberg Global Aggregate TR USD while HGGA.DE tracks the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, XG7S.DE returned -0.74%/yr vs 0.90%/yr for HGGA.DE. A 0.68 correlation means they provide meaningful diversification when combined. XG7S.DE charges 0.20%/yr vs 0.18%/yr for HGGA.DE.
Performance
XG7S.DE vs. HGGA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XG7S.DE achieves a 0.23% return, which is significantly lower than HGGA.DE's 1.31% return.
XG7S.DE
- 1D
- 0.13%
- 1M
- 0.28%
- YTD
- 0.23%
- 6M
- -0.30%
- 1Y
- -0.99%
- 3Y*
- -0.74%
- 5Y*
- -2.42%
- 10Y*
- -0.93%
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
XG7S.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.23% | -4.70% | 2.17% | 1.03% | -12.32% |
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 XG7S.DE and HGGA.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | 0.68 |
The correlation between XG7S.DE and HGGA.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XG7S.DE vs. HGGA.DE — Risk / Return Rank
XG7S.DE
HGGA.DE
XG7S.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.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.
| XG7S.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.08 | -0.55 |
| Martin ratioReturn relative to average drawdown | -0.91 | 0.17 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XG7S.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 0.05 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.04 | +0.12 |
Drawdowns
XG7S.DE vs. HGGA.DE - Drawdown Comparison
The maximum XG7S.DE drawdown since its inception was -21.08%, 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 XG7S.DE and HGGA.DE.
Loading charts...
Drawdown Indicators
| XG7S.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -8.58% | -12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.04% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -6.78% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -19.11% | -4.56% | -14.55% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -4.18% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.02% | +0.43% |
Volatility
XG7S.DE vs. HGGA.DE - Volatility Comparison
Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) has a higher volatility of 1.23% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that XG7S.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.
Loading charts...
Volatility by Period
| XG7S.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.53% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.33% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.42% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 4.98% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 4.98% | +0.87% |
XG7S.DE vs. HGGA.DE - Expense Ratio Comparison
XG7S.DE has a 0.20% expense ratio, which is higher than HGGA.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XG7S.DE vs. HGGA.DE - Dividend Comparison
Neither XG7S.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
XG7S.DE and HGGA.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for XG7S.DE.
XG7S.DE tracks Bloomberg Global Aggregate TR USD, while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.20% for XG7S.DE and 0.18% for HGGA.DE.
Find the right allocation for XG7S.DE and HGGA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer