Comparison window: 16 Jun 2022 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixAHYD vs GASRI · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
AHYDLU2439733507Amundi Global Aggregate Bond ESG UCITS ETF Hedged EUR AccBonds · Aggregate EUR · Broad (all maturities) · Global
Declared index
Bloomberg MSCI ESG Global Aggregate 500MM ex Securitized Sector Neutral Select Index
TER
0.16%
Transaction (KID)
0.02%
Fund size
133 mln EUR
Launch
16 Jun 2022
Currency
EUR
Replication
Physical
Hedging
Yes — in EUR
Holdings
3,349
Duration
6.43 yrs
Effective 🇮🇹 rate
16.21%
GASRILU2439734141Amundi Global Aggregate Bond ESG UCITS ETF AccBonds · Aggregate · Broad (all maturities) · Global
Declared index
Bloomberg MSCI ESG Global Aggregate 500MM ex Securitized Sector Neutral Select Index
TER
0.14%
Transaction (KID)
0.02%
Fund size
37 mln EUR
Launch
22 Mar 2022
Currency
USD
Replication
Physical
Hedging
No
Holdings
3,349
Duration
6.31 yrs
Effective 🇮🇹 rate
16.21%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
AHYD3y avg: −0.20%/anno
2025
−0.11%
2024
−0.24%
2023
−0.26%
GASRI3y avg: −0.17%/anno
2025
−0.10%
2024
+0.23%
2023
−0.63%
Rebalix · AHYD vs GASRIsection 1 of 4
RebalixAHYD vs GASRI · report of 10 September 2026
AHYD — Amundi Global Aggregate Bond ESG UCITS ETF Hedged EUR Acc · LU2439733507 · Bonds · Aggregate EUR · Broad (all maturities) · Global
GASRI — Amundi Global Aggregate Bond ESG UCITS ETF Acc · LU2439734141 · Bonds · Aggregate · Broad (all maturities) · Global
Performance over the period, in euro
From 16 Jun 2022 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: AHYD; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
AHYD
−9.3%
19 Oct 2023
726 days
1,170 days · back to break-even on 14 Oct 2025
GASRI
−13.0%
31 Oct 2023
not yet
1,499 days (ongoing)
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · AHYD vs GASRIsection 2 of 4
RebalixAHYD vs GASRI · report of 10 September 2026
AHYD — Amundi Global Aggregate Bond ESG UCITS ETF Hedged EUR Acc · LU2439733507 · Bonds · Aggregate EUR · Broad (all maturities) · Global
GASRI — Amundi Global Aggregate Bond ESG UCITS ETF Acc · LU2439734141 · Bonds · Aggregate · Broad (all maturities) · Global
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
3,349 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 3,349 common holdings this gives 100.3%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · AHYD vs GASRIsection 3 of 4
RebalixAHYD vs GASRI · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
AHYD — Amundi Global Aggregate Bond ESG UCITS ETF Hedged EUR Acc · LU2439733507 · Bonds · Aggregate EUR · Broad (all maturities) · Global
GASRI — Amundi Global Aggregate Bond ESG UCITS ETF Acc · LU2439734141 · Bonds · Aggregate · Broad (all maturities) · Global
Metric
AHYD
GASRI
Note
Identity
Category
Bonds · Aggregate EUR · Broad (all maturities) · Global
Bonds · Aggregate · Broad (all maturities) · Global
Rebalix engine classification
Replication
Physical
Physical
as declared by the issuer
Currency hedging
Yes — hedged to EUR
No
source: class name, factsheet
Income policy
accumulating
accumulating
—
Costs
TER
0.16%
0.14%
from the KID
Transaction costs (KID)
0.02%
0.02%
internal
All-in cost
0.18%
0.16%
TER + transaction
Tracking difference (3a)
−0.20%
−0.17%
vs its OWN index
Performance in euro (ECB rates)
1 year
−1.6%
−0.6%
—
3 years
+5.2%
+1.6%
—
5 years
—
—
—
10 years
—
—
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+3.50%
+5.90%
—
Max drawdown
−3.30%
−8.06%
—
Sharpe
-0.38
0.04
risk-free = ECB MRO avg
Sortino
-0.54
0.06
like Sharpe, downside only
Fixed income
Duration
6.43 yrs (mod.)
6.31 yrs (mod.)
AHYD: factsheet · GASRI: factsheet 30 Jun 2026
Duration band
medium (3–7 years)
medium (3–7 years)
short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share
99.4%
100.1%
BBB−/Baa3 and above
Heaviest rating bucket
AA (38.9%)
AA (39.5%)
—
Most represented maturity
not declared
2 years (24.7%)
—
Italian taxation
Effective capital-gains rate
16.21%
16.21%
white list, current half-year
Documents & exchanges
Listing venues
8
10
ESMA register
Borsa Italiana ticker
—
GASRI
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~115 euro AHYD · ~102 euro GASRI. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.