10AL.DE vs. DE5A.DE
10AL.DE (Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds from Amundi - 10AL.DE tracks the JP Morgan EMU Government Bond while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 5 years, 10AL.DE returned -2.19%/yr vs -3.17%/yr for DE5A.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.14% expense ratio.
Performance
10AL.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 10AL.DE achieves a 0.10% return, which is significantly lower than DE5A.DE's 0.27% return.
10AL.DE
- 1D
- 0.07%
- 1M
- 0.02%
- YTD
- 0.10%
- 6M
- 0.14%
- 1Y
- 0.27%
- 3Y*
- 2.33%
- 5Y*
- -2.19%
- 10Y*
- —
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
10AL.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
10AL.DE Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist | 0.10% | 0.67% | 1.54% | 6.66% | -17.93% | -3.35% | 4.91% | 7.30% | 0.46% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.97% |
Correlation
The correlation between 10AL.DE and DE5A.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.85 |
The correlation between 10AL.DE and DE5A.DE shifts across timeframes, from 0.85 (all time) to 0.98 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AL.DE vs. DE5A.DE — Risk / Return Rank
10AL.DE
DE5A.DE
10AL.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| 10AL.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.97 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.26 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.07 | -0.58 | +0.51 |
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
| 10AL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.20 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.49 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.22 | -0.27 |
Drawdowns
10AL.DE vs. DE5A.DE - Drawdown Comparison
The maximum 10AL.DE drawdown since its inception was -22.08%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for 10AL.DE and DE5A.DE.
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Drawdown Indicators
| 10AL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -24.92% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.13% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.45% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | -22.78% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.92% | — |
Current DrawdownCurrent decline from peak | -13.80% | -19.43% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -7.30% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.42% | -0.08% |
Volatility
10AL.DE vs. DE5A.DE - Volatility Comparison
Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.70% and 1.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.71% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 3.44% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 4.19% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.45% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 5.37% | +0.14% |
10AL.DE vs. DE5A.DE - Expense Ratio Comparison
Both 10AL.DE and DE5A.DE have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
10AL.DE vs. DE5A.DE - Dividend Comparison
10AL.DE's dividend yield for the trailing twelve months is around 2.66%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
10AL.DE Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist | 2.66% | 2.66% | 2.02% | 1.85% | 2.21% | 1.81% | 1.89% | 2.10% | 1.67% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, 10AL.DE and DE5A.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
10AL.DE and DE5A.DE have the same expense ratio: 0.14% per year.
10AL.DE tracks JP Morgan EMU Government Bond, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond.
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