XZWG.DE vs. AHYF.DE
XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and AHYF.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF USD) are both Global Bonds funds - XZWG.DE tracks the Bloomberg Global Aggregate TR Hdg EUR while AHYF.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. Both are passively managed. Over the past 3 years, XZWG.DE returned -0.15%/yr vs 1.07%/yr for AHYF.DE. A 0.61 correlation means they provide meaningful diversification when combined. XZWG.DE charges 0.20%/yr vs 0.14%/yr for AHYF.DE.
Performance
XZWG.DE vs. AHYF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZWG.DE achieves a 0.27% return, which is significantly lower than AHYF.DE's 0.87% return.
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.23%
- YTD
- 0.27%
- 6M
- -0.11%
- 1Y
- -1.04%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
AHYF.DE
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 0.87%
- 6M
- 0.44%
- 1Y
- 0.14%
- 3Y*
- 1.07%
- 5Y*
- —
- 10Y*
- —
XZWG.DE vs. AHYF.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% | -8.83% |
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF USD | 0.87% | -3.21% | 5.06% | 0.94% | -4.47% |
Correlation
The correlation between XZWG.DE and AHYF.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.61 |
The correlation between XZWG.DE and AHYF.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
XZWG.DE vs. AHYF.DE — Risk / Return Rank
XZWG.DE
AHYF.DE
XZWG.DE vs. AHYF.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 1-5 UCITS ETF USD (AHYF.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 | AHYF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.00 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.06 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.97 | -0.12 | -0.85 |
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 | AHYF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | -0.03 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.06 | -0.58 |
Drawdowns
XZWG.DE vs. AHYF.DE - Drawdown Comparison
The maximum XZWG.DE drawdown since its inception was -20.85%, which is greater than AHYF.DE's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for XZWG.DE and AHYF.DE.
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Drawdown Indicators
| XZWG.DE | AHYF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -8.40% | -12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.78% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -5.93% | -1.17% |
Current DrawdownCurrent decline from peak | -17.96% | -4.19% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -4.26% | -11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.91% | +0.50% |
Volatility
XZWG.DE vs. AHYF.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 1-5 UCITS ETF USD (AHYF.DE) at 0.46%. This indicates that XZWG.DE's price experiences larger fluctuations and is considered to be riskier than AHYF.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 | AHYF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.46% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.10% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.21% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 4.46% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 4.46% | +2.22% |
XZWG.DE vs. AHYF.DE - Expense Ratio Comparison
XZWG.DE has a 0.20% expense ratio, which is higher than AHYF.DE's 0.14% 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. AHYF.DE - Dividend Comparison
XZWG.DE's dividend yield for the trailing twelve months is around 2.58%, while AHYF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF 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 AHYF.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYF.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYF.DE is cheaper with a 0.14% expense ratio, compared with 0.20% for XZWG.DE.
XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR, while AHYF.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.20% for XZWG.DE and 0.14% for AHYF.DE.
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