XZEG.DE vs. AHYH.DE
XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) and AHYH.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR) are both Global Bonds funds - XZEG.DE tracks the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged) while AHYH.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral (EUR Hedged). Both are passively managed. Over the past 3 years, XZEG.DE returned 0.67%/yr vs 2.59%/yr for AHYH.DE. A 0.68 correlation means they provide meaningful diversification when combined. XZEG.DE charges 0.25%/yr vs 0.16%/yr for AHYH.DE.
Performance
XZEG.DE vs. AHYH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEG.DE achieves a -0.85% return, which is significantly lower than AHYH.DE's -0.20% return.
XZEG.DE
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- -0.85%
- 6M
- -0.89%
- 1Y
- -0.40%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
AHYH.DE
- 1D
- -0.01%
- 1M
- 0.03%
- YTD
- -0.20%
- 6M
- -0.02%
- 1Y
- 1.25%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
XZEG.DE vs. AHYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | 0.65% |
AHYH.DE Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR | -0.20% | 3.12% | 2.55% | 3.20% | 0.34% |
Correlation
The correlation between XZEG.DE and AHYH.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.68 |
The correlation between XZEG.DE and AHYH.DE has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
XZEG.DE vs. AHYH.DE — Risk / Return Rank
XZEG.DE
AHYH.DE
XZEG.DE vs. AHYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) and Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.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.
| XZEG.DE | AHYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.08 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.65 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.89 | -2.33 |
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
| XZEG.DE | AHYH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.45 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.80 | -1.46 |
Drawdowns
XZEG.DE vs. AHYH.DE - Drawdown Comparison
The maximum XZEG.DE drawdown since its inception was -21.14%, which is greater than AHYH.DE's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for XZEG.DE and AHYH.DE.
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Drawdown Indicators
| XZEG.DE | AHYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -1.86% | -19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -1.59% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -1.59% | -2.73% |
Current DrawdownCurrent decline from peak | -16.14% | -0.94% | -15.20% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -0.49% | -14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.55% | +0.79% |
Volatility
XZEG.DE vs. AHYH.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) has a higher volatility of 1.42% compared to Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR (AHYH.DE) at 0.61%. This indicates that XZEG.DE's price experiences larger fluctuations and is considered to be riskier than AHYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEG.DE | AHYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.61% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.00% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 2.27% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 3.07% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 3.07% | +2.72% |
XZEG.DE vs. AHYH.DE - Expense Ratio Comparison
XZEG.DE has a 0.25% expense ratio, which is higher than AHYH.DE's 0.16% 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
XZEG.DE vs. AHYH.DE - Dividend Comparison
XZEG.DE's dividend yield for the trailing twelve months is around 2.53%, while AHYH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AHYH.DE Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% |
Frequently Asked Questions
XZEG.DE and AHYH.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYH.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYH.DE is cheaper with a 0.16% expense ratio, compared with 0.25% for XZEG.DE.
XZEG.DE tracks FTSE ESG Select World Government Bond Developed Markets (EUR Hedged), while AHYH.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XZEG.DE and 0.16% for AHYH.DE.
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