XG7S.DE vs. SPFU.DE
XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) and SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) are both Global Bonds funds - XG7S.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, XG7S.DE returned -2.85%/yr vs 1.09%/yr for SPFU.DE. A 0.68 correlation means they provide meaningful diversification when combined. XG7S.DE charges 0.20%/yr vs 0.10%/yr for SPFU.DE.
Performance
XG7S.DE vs. SPFU.DE - Performance Comparison
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Different Trading Currencies
XG7S.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, XG7S.DE achieves a 0.91% return, which is significantly lower than SPFU.DE's 3.28% return.
XG7S.DE
- 1D
- 0.07%
- 1M
- 0.17%
- 6M
- 0.15%
- YTD
- 0.91%
- 1Y
- 1.18%
- 3Y*
- 0.38%
- 5Y*
- -2.85%
- 10Y*
- -1.22%
SPFU.DE
- 1D
- 0.17%
- 1M
- 0.06%
- 6M
- 1.82%
- YTD
- 3.28%
- 1Y
- 4.46%
- 3Y*
- 3.34%
- 5Y*
- 1.09%
- 10Y*
- —
XG7S.DE vs. SPFU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.91% | -4.70% | 2.17% | 1.03% | -13.47% | 0.52% | 0.56% | 7.95% | 5.64% |
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% | 10.41% | 11.46% |
Correlation
The correlation between XG7S.DE and SPFU.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.68 |
The correlation between XG7S.DE and SPFU.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
XG7S.DE vs. SPFU.DE — Risk / Return Rank
XG7S.DE
SPFU.DE
XG7S.DE vs. SPFU.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 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.
| XG7S.DE | SPFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.00 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.88 | 2.78 | -1.91 |
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Drawdowns
XG7S.DE vs. SPFU.DE - Drawdown Comparison
The maximum XG7S.DE drawdown since its inception was -21.08%, 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 XG7S.DE and SPFU.DE.
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Drawdown Indicators
| XG7S.DE | SPFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -11.78% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -4.43% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -10.96% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -11.67% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -18.56% | -5.73% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -5.04% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.60% | -0.25% |
Volatility
XG7S.DE vs. SPFU.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) is 1.24%, while State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) has a volatility of 1.40%. This indicates that XG7S.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
| XG7S.DE | SPFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.40% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.40% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 5.99% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 7.82% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 7.53% | -1.78% |
XG7S.DE vs. SPFU.DE - Expense Ratio Comparison
XG7S.DE has a 0.20% expense ratio, which is higher than SPFU.DE's 0.10% 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. SPFU.DE - Dividend Comparison
XG7S.DE has not paid dividends to shareholders, while SPFU.DE's dividend yield for the trailing twelve months is around 3.15%.
| 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% |
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XG7S.DE and SPFU.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFU.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XG7S.DE.
XG7S.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. Their fees differ too: 0.20% for XG7S.DE and 0.10% for SPFU.DE.
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