10AL.DE vs. EIB3.DE
10AL.DE (Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - 10AL.DE tracks the JP Morgan EMU Government Bond while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, 10AL.DE returned -2.19%/yr vs 0.63%/yr for EIB3.DE. A 0.76 correlation means they provide meaningful diversification when combined. 10AL.DE charges 0.14%/yr vs 0.10%/yr for EIB3.DE.
Performance
10AL.DE vs. EIB3.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 EIB3.DE's 0.19% 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*
- —
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
10AL.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -3.24% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between 10AL.DE and EIB3.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.76 |
Over the past year, the correlation between 10AL.DE and EIB3.DE has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
10AL.DE vs. EIB3.DE — Risk / Return Rank
10AL.DE
EIB3.DE
10AL.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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 | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.50 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.50 | -1.56 |
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 | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.26 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.30 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.17 | -0.21 |
Drawdowns
10AL.DE vs. EIB3.DE - Drawdown Comparison
The maximum 10AL.DE drawdown since its inception was -22.08%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for 10AL.DE and EIB3.DE.
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Drawdown Indicators
| 10AL.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -6.78% | -15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -1.60% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -1.60% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | -5.91% | -15.18% |
Current DrawdownCurrent decline from peak | -13.80% | -0.68% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -2.06% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.54% | +0.80% |
Volatility
10AL.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that 10AL.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AL.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.50% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 2.75% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 3.11% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 2.11% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 1.89% | +3.62% |
10AL.DE vs. EIB3.DE - Expense Ratio Comparison
10AL.DE has a 0.14% expense ratio, which is higher than EIB3.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
10AL.DE vs. EIB3.DE - Dividend Comparison
10AL.DE's dividend yield for the trailing twelve months is around 2.66%, more than EIB3.DE's 2.41% 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% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
10AL.DE and EIB3.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for 10AL.DE.
10AL.DE tracks JP Morgan EMU Government Bond, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for 10AL.DE and 0.10% for EIB3.DE.
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