10AK.DE vs. VAGF.DE

Last updated Jun 5, 2026

10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - 10AK.DE tracks the JP Morgan Government Bond Global while VAGF.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, 10AK.DE returned -2.43%/yr vs -1.66%/yr for VAGF.DE. A 0.57 correlation means they provide meaningful diversification when combined. 10AK.DE charges 0.20%/yr vs 0.10%/yr for VAGF.DE.

Performance

10AK.DE vs. VAGF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 10AK.DE achieves a 0.09% return, which is significantly higher than VAGF.DE's -0.68% return.

10AK.DE

• 1D: 0.01%
• 1M: 0.11%
• YTD: 0.09%
• 6M: -0.56%
• 1Y: -1.76%
• 3Y*: -1.30%
• 5Y*: -2.43%
• 10Y*: —

VAGF.DE

• 1D: 0.09%
• 1M: -0.28%
• YTD: -0.68%
• 6M: -0.37%
• 1Y: 1.16%
• 3Y*: 2.04%
• 5Y*: -1.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

10AK.DE vs. VAGF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist	0.09%	-5.55%	2.06%	0.12%	-12.21%	1.15%	-0.06%	1.04%
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc	-0.68%	3.23%	0.82%	4.53%	-14.84%	-2.97%	5.07%	0.73%

Correlation

The correlation between 10AK.DE and VAGF.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019	0.57

The correlation between 10AK.DE and VAGF.DE shifts across timeframes, from 0.43 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

10AK.DE vs. VAGF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

10AK.DE

10AK.DE Risk / Return Rank: 4
10AK.DE Sharpe Ratio Rank: 5
10AK.DE Sortino Ratio Rank: 4
10AK.DE Omega Ratio Rank: 4
10AK.DE Calmar Ratio Rank: 3
10AK.DE Martin Ratio Rank: 3

VAGF.DE

VAGF.DE Risk / Return Rank: 14
VAGF.DE Sharpe Ratio Rank: 14
VAGF.DE Sortino Ratio Rank: 13
VAGF.DE Omega Ratio Rank: 13
VAGF.DE Calmar Ratio Rank: 14
VAGF.DE Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

10AK.DE vs. VAGF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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.

	10AK.DE	VAGF.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	0.33	-0.85
Sortino ratio: Return per unit of downside risk	-0.68	0.50	-1.18
Omega ratio: Gain probability vs. loss probability	0.92	1.06	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.67	0.38	-1.06
Martin ratio: Return relative to average drawdown	-1.23	1.06	-2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

10AK.DE vs. VAGF.DE - Sharpe Ratio Comparison

The current 10AK.DE Sharpe Ratio is -0.52, which is lower than the VAGF.DE Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of 10AK.DE and VAGF.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	10AK.DE	VAGF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	0.33	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.33	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	-0.17	+0.13

Drawdowns

10AK.DE vs. VAGF.DE - Drawdown Comparison

The maximum 10AK.DE drawdown since its inception was -20.98%, which is greater than VAGF.DE's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for 10AK.DE and VAGF.DE.

Drawdown Indicators

	10AK.DE	VAGF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-19.57%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-3.11%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-8.61%	-4.45%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-17.53%	-18.79%	+1.26%
Current Drawdown Current decline from peak	-20.12%	-10.73%	-9.39%
Average Drawdown Average peak-to-trough decline	-10.25%	-8.99%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.13%	+0.56%

Volatility

10AK.DE vs. VAGF.DE - Volatility Comparison

The current volatility for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) is 1.04%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a volatility of 1.55%. This indicates that 10AK.DE experiences smaller price fluctuations and is considered to be less risky than VAGF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	10AK.DE	VAGF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	1.55%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	2.98%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	3.63%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	4.90%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.17%	4.71%	+1.46%

10AK.DE vs. VAGF.DE - Expense Ratio Comparison

10AK.DE has a 0.20% expense ratio, which is higher than VAGF.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

10AK.DE vs. VAGF.DE - Dividend Comparison

10AK.DE's dividend yield for the trailing twelve months is around 2.62%, while VAGF.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist	2.62%	2.63%	2.07%	1.79%	1.61%	1.39%	1.68%	1.82%	0.58%
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 10AK.DE and VAGF.DE in my portfolio?

10AK.DE and VAGF.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 10AK.DE or VAGF.DE?

On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 10AK.DE or VAGF.DE?

VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for 10AK.DE.

What is the main difference between 10AK.DE and VAGF.DE?

10AK.DE tracks JP Morgan Government Bond Global, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for 10AK.DE and 0.10% for VAGF.DE.