XZEG.DE vs. SPFE.DE
XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) and SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) are both Global Bonds funds - XZEG.DE tracks the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged) while SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, XZEG.DE returned 0.67%/yr vs 2.19%/yr for SPFE.DE. Their correlation of 0.90 suggests significant overlap in exposure. XZEG.DE charges 0.25%/yr vs 0.10%/yr for SPFE.DE.
Performance
XZEG.DE vs. SPFE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XZEG.DE achieves a -0.85% return, which is significantly lower than SPFE.DE's -0.14% return.
XZEG.DE
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- -0.85%
- 6M
- -0.99%
- 1Y
- -0.59%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
XZEG.DE vs. SPFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | -17.03% | -1.50% |
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -0.68% |
Correlation
The correlation between XZEG.DE and SPFE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.90 |
The correlation between XZEG.DE and SPFE.DE has been stable across timeframes, ranging from 0.84 to 0.90 - 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
XZEG.DE vs. SPFE.DE — Risk / Return Rank
XZEG.DE
SPFE.DE
XZEG.DE vs. SPFE.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.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 | SPFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.47 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.36 | -1.80 |
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
| XZEG.DE | SPFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.40 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.04 | -0.70 |
Drawdowns
XZEG.DE vs. SPFE.DE - Drawdown Comparison
The maximum XZEG.DE drawdown since its inception was -21.14%, which is greater than SPFE.DE's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for XZEG.DE and SPFE.DE.
Loading charts...
Drawdown Indicators
| XZEG.DE | SPFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -17.25% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -2.73% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -3.98% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.61% | — |
Current DrawdownCurrent decline from peak | -16.14% | -8.27% | -7.87% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -6.51% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.95% | +0.39% |
Volatility
XZEG.DE vs. SPFE.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) is 1.42%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a volatility of 1.55%. This indicates that XZEG.DE experiences smaller price fluctuations and is considered to be less risky than SPFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XZEG.DE | SPFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.55% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.67% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.23% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 4.55% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 4.06% | +1.73% |
XZEG.DE vs. SPFE.DE - Expense Ratio Comparison
XZEG.DE has a 0.25% expense ratio, which is higher than SPFE.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
XZEG.DE vs. SPFE.DE - Dividend Comparison
XZEG.DE's dividend yield for the trailing twelve months is around 2.53%, less than SPFE.DE's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZEG.DE and SPFE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XZEG.DE.
XZEG.DE tracks FTSE ESG Select World Government Bond Developed Markets (EUR Hedged), while SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XZEG.DE and 0.10% for SPFE.DE.
Find the right allocation for XZEG.DE and SPFE.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