10AL.DE vs. EXHB.DE
10AL.DE (Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - 10AL.DE tracks the JP Morgan EMU Government Bond while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 5 years, 10AL.DE returned -2.19%/yr vs 0.21%/yr for EXHB.DE. A 0.62 correlation means they provide meaningful diversification when combined. 10AL.DE charges 0.14%/yr vs 0.16%/yr for EXHB.DE.
Performance
10AL.DE vs. EXHB.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 higher than EXHB.DE's 0.01% 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*
- —
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.02%
- 1Y
- 0.58%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
10AL.DE vs. EXHB.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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | -0.36% |
Correlation
The correlation between 10AL.DE and EXHB.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.62 |
The correlation between 10AL.DE and EXHB.DE shifts across timeframes, from 0.62 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AL.DE vs. EXHB.DE — Risk / Return Rank
10AL.DE
EXHB.DE
10AL.DE vs. EXHB.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 iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.36 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.07 | -1.13 |
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 | EXHB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.34 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.12 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.16 | -0.21 |
Drawdowns
10AL.DE vs. EXHB.DE - Drawdown Comparison
The maximum 10AL.DE drawdown since its inception was -22.08%, which is greater than EXHB.DE's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for 10AL.DE and EXHB.DE.
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Drawdown Indicators
| 10AL.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -10.06% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -1.17% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -1.17% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | -6.45% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.06% | — |
Current DrawdownCurrent decline from peak | -13.80% | -2.91% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -2.72% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.40% | +0.94% |
Volatility
10AL.DE vs. EXHB.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 iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) at 0.49%. This indicates that 10AL.DE's price experiences larger fluctuations and is considered to be riskier than EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.49% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 1.12% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 1.25% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 1.72% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 1.44% | +4.07% |
10AL.DE vs. EXHB.DE - Expense Ratio Comparison
10AL.DE has a 0.14% expense ratio, which is lower than EXHB.DE's 0.16% 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. EXHB.DE - Dividend Comparison
10AL.DE's dividend yield for the trailing twelve months is around 2.66%, more than EXHB.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
Frequently Asked Questions
10AL.DE and EXHB.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
10AL.DE is cheaper with a 0.14% expense ratio, compared with 0.16% for EXHB.DE.
10AL.DE tracks JP Morgan EMU Government Bond, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for 10AL.DE and 0.16% for EXHB.DE.
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