XZWG.DE vs. AHYB.DE
XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and AHYB.DE (Amundi Global Aggregate SRI UCITS ETF Hedged USD) are both Global Bonds funds - XZWG.DE tracks the Bloomberg Global Aggregate TR Hdg EUR while AHYB.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). Both are passively managed. Over the past 3 years, XZWG.DE returned -0.15%/yr vs 0.86%/yr for AHYB.DE. A 0.61 correlation means they provide meaningful diversification when combined. XZWG.DE charges 0.20%/yr vs 0.16%/yr for AHYB.DE.
Performance
XZWG.DE vs. AHYB.DE - Performance Comparison
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Different Trading Currencies
XZWG.DE is traded in EUR, while AHYB.DE is traded in USD. To make them comparable, the AHYB.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XZWG.DE achieves a 0.27% return, which is significantly lower than AHYB.DE's 1.44% return.
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.23%
- YTD
- 0.27%
- 6M
- -0.11%
- 1Y
- -1.04%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
AHYB.DE
- 1D
- 0.14%
- 1M
- 1.27%
- YTD
- 1.44%
- 6M
- 0.61%
- 1Y
- 0.85%
- 3Y*
- 0.86%
- 5Y*
- —
- 10Y*
- —
XZWG.DE vs. AHYB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -5.17% |
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 1.45% | -7.58% | 8.10% | 3.80% | -3.16% |
Correlation
The correlation between XZWG.DE and AHYB.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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.61 |
The correlation between XZWG.DE and AHYB.DE has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
XZWG.DE vs. AHYB.DE — Risk / Return Rank
XZWG.DE
AHYB.DE
XZWG.DE vs. AHYB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) and Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.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.
| XZWG.DE | AHYB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.03 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.18 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.97 | 0.47 | -1.44 |
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
| XZWG.DE | AHYB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | 0.14 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.06 | -0.70 |
Drawdowns
XZWG.DE vs. AHYB.DE - Drawdown Comparison
The maximum XZWG.DE drawdown since its inception was -20.85%, which is greater than AHYB.DE's maximum drawdown of -12.85%. Use the drawdown chart below to compare losses from any high point for XZWG.DE and AHYB.DE.
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Drawdown Indicators
| XZWG.DE | AHYB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -12.85% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -4.60% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -11.29% | +4.19% |
Current DrawdownCurrent decline from peak | -17.96% | -7.94% | -10.02% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -7.10% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.80% | -0.39% |
Volatility
XZWG.DE vs. AHYB.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) has a higher volatility of 1.43% compared to Amundi Global Aggregate SRI UCITS ETF Hedged USD (AHYB.DE) at 1.34%. This indicates that XZWG.DE's price experiences larger fluctuations and is considered to be riskier than AHYB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZWG.DE | AHYB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.34% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 4.35% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 5.90% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 7.95% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 7.95% | -1.27% |
XZWG.DE vs. AHYB.DE - Expense Ratio Comparison
XZWG.DE has a 0.20% expense ratio, which is higher than AHYB.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
XZWG.DE vs. AHYB.DE - Dividend Comparison
XZWG.DE's dividend yield for the trailing twelve months is around 2.58%, while AHYB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AHYB.DE Amundi Global Aggregate SRI UCITS ETF Hedged USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% |
Frequently Asked Questions
XZWG.DE and AHYB.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, AHYB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYB.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for XZWG.DE.
XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR, while AHYB.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral (USD Hedged). They also come from different issuers: DWS and Amundi. Their fees differ too: 0.20% for XZWG.DE and 0.16% for AHYB.DE.
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