10AL.DE vs. EGV3.DE

Last updated Jun 5, 2026

10AL.DE (Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist) and EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) are both European Government Bonds funds from Amundi - 10AL.DE tracks the JP Morgan EMU Government Bond while EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 5 years, 10AL.DE returned -2.19%/yr vs 0.55%/yr for EGV3.DE. A 0.69 correlation means they provide meaningful diversification when combined. 10AL.DE charges 0.14%/yr vs 0.17%/yr for EGV3.DE.

Performance

10AL.DE vs. EGV3.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) and Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

10AL.DE

• 1D: 0.07%
• 1M: 0.02%
• YTD: 0.10%
• 6M: 0.14%
• 1Y: 0.27%
• 3Y*: 2.33%
• 5Y*: -2.19%
• 10Y*: —

EGV3.DE

• 1D: 0.04%
• 1M: 0.01%
• YTD: 0.00%
• 6M: 0.11%
• 1Y: 0.81%
• 3Y*: 2.53%
• 5Y*: 0.55%
• 10Y*: 0.19%

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

10AL.DE vs. EGV3.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%
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist	-0.00%	2.11%	3.01%	3.26%	-4.93%	-0.90%	-0.43%	0.21%	0.12%

Correlation

The correlation between 10AL.DE and EGV3.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.69

The correlation between 10AL.DE and EGV3.DE shifts across timeframes, from 0.69 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

10AL.DE vs. EGV3.DE — Risk / Return Rank

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

10AL.DE

10AL.DE Risk / Return Rank: 8
10AL.DE Sharpe Ratio Rank: 9
10AL.DE Sortino Ratio Rank: 8
10AL.DE Omega Ratio Rank: 8
10AL.DE Calmar Ratio Rank: 9
10AL.DE Martin Ratio Rank: 9

EGV3.DE

EGV3.DE Risk / Return Rank: 16
EGV3.DE Sharpe Ratio Rank: 17
EGV3.DE Sortino Ratio Rank: 16
EGV3.DE Omega Ratio Rank: 17
EGV3.DE Calmar Ratio Rank: 16
EGV3.DE Martin Ratio Rank: 17

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.

10AL.DE vs. EGV3.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 Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.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	EGV3.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.49	-0.51
Sortino ratio: Return per unit of downside risk	0.00	0.74	-0.74
Omega ratio: Gain probability vs. loss probability	1.00	1.10	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.03	0.54	-0.57
Martin ratio: Return relative to average drawdown	-0.07	1.68	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

10AL.DE vs. EGV3.DE - Sharpe Ratio Comparison

The current 10AL.DE Sharpe Ratio is -0.02, which is lower than the EGV3.DE Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of 10AL.DE and EGV3.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

	10AL.DE	EGV3.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.49	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	0.32	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.41	-0.46

Drawdowns

10AL.DE vs. EGV3.DE - Drawdown Comparison

The maximum 10AL.DE drawdown since its inception was -22.08%, which is greater than EGV3.DE's maximum drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for 10AL.DE and EGV3.DE.

Drawdown Indicators

	10AL.DE	EGV3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-8.42%	-13.66%
Max Drawdown (1Y) Largest decline over 1 year	-3.42%	-1.20%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-4.05%	-1.20%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.09%	-6.05%	-15.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.42%	—
Current Drawdown Current decline from peak	-13.80%	-0.56%	-13.24%
Average Drawdown Average peak-to-trough decline	-8.93%	-1.56%	-7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	0.39%	+0.95%

Volatility

10AL.DE vs. EGV3.DE - Volatility Comparison

Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) has a higher volatility of 1.70% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) at 0.53%. This indicates that 10AL.DE's price experiences larger fluctuations and is considered to be riskier than EGV3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	10AL.DE	EGV3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	0.53%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	3.57%	1.22%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	1.33%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.19%	1.67%	+4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	2.13%	+3.38%

10AL.DE vs. EGV3.DE - Expense Ratio Comparison

10AL.DE has a 0.14% expense ratio, which is lower than EGV3.DE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

10AL.DE vs. EGV3.DE - Dividend Comparison

10AL.DE's dividend yield for the trailing twelve months is around 2.66%, more than EGV3.DE's 1.57% yield.

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%
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist	1.57%	1.57%	1.36%	1.13%	1.46%	2.49%	1.11%	0.65%	0.89%

Frequently Asked Questions

Can I hold both 10AL.DE and EGV3.DE in my portfolio?

10AL.DE and EGV3.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 10AL.DE or EGV3.DE?

On fees, 10AL.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 10AL.DE or EGV3.DE?

10AL.DE is cheaper with a 0.14% expense ratio, compared with 0.17% for EGV3.DE.

What is the main difference between 10AL.DE and EGV3.DE?

10AL.DE tracks JP Morgan EMU Government Bond, while EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. Their fees differ too: 0.14% for 10AL.DE and 0.17% for EGV3.DE.