XGVD.DE vs. SPFB.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) are both Global Bonds funds - XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged). Both are passively managed. Over the past 5 years, XGVD.DE returned -2.52%/yr vs 0.23%/yr for SPFB.DE. Their correlation of 0.90 suggests significant overlap in exposure. XGVD.DE charges 0.25%/yr vs 0.10%/yr for SPFB.DE.
Performance
XGVD.DE vs. SPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVD.DE achieves a -0.89% return, which is significantly lower than SPFB.DE's 0.61% return.
XGVD.DE
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- -0.89%
- 6M
- -0.93%
- 1Y
- -0.18%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
SPFB.DE
- 1D
- 0.21%
- 1M
- 0.52%
- YTD
- 0.61%
- 6M
- 0.77%
- 1Y
- 3.39%
- 3Y*
- 3.94%
- 5Y*
- 0.23%
- 10Y*
- —
XGVD.DE vs. SPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | 0.76% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.61% | 4.84% | 2.82% | 5.74% | -12.07% | -1.58% | 4.34% | 6.46% | 1.06% |
Correlation
The correlation between XGVD.DE and SPFB.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.90 |
The correlation between XGVD.DE and SPFB.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
XGVD.DE vs. SPFB.DE — Risk / Return Rank
XGVD.DE
SPFB.DE
XGVD.DE vs. SPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.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.
| XGVD.DE | SPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.46 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.14 | 4.25 | -4.39 |
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
| XGVD.DE | SPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.12 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.05 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.34 | -0.23 |
Drawdowns
XGVD.DE vs. SPFB.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, which is greater than SPFB.DE's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and SPFB.DE.
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Drawdown Indicators
| XGVD.DE | SPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -15.78% | -5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -2.31% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -3.59% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -15.55% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -15.92% | -1.01% | -14.91% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -4.52% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.79% | +0.51% |
Volatility
XGVD.DE vs. SPFB.DE - Volatility Comparison
Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) have volatilities of 1.38% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGVD.DE | SPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.39% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.47% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 3.01% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.35% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 3.84% | +0.47% |
XGVD.DE vs. SPFB.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than SPFB.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
XGVD.DE vs. SPFB.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, less than SPFB.DE's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% | 0.00% | 0.00% | 0.00% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
Frequently Asked Questions
With a correlation of 0.95, XGVD.DE and SPFB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPFB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFB.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged). They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XGVD.DE and 0.10% for SPFB.DE.
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