8OUU.DE vs. IS0Z.DE
8OUU.DE (Amundi Global Aggregate SRI UCITS ETF) and IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds - 8OUU.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral while IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond. Both are passively managed. Over the past 3 years, 8OUU.DE returned -0.08%/yr vs 1.18%/yr for IS0Z.DE. A 0.79 correlation means they provide meaningful diversification when combined. 8OUU.DE charges 0.14%/yr vs 0.20%/yr for IS0Z.DE.
Performance
8OUU.DE vs. IS0Z.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8OUU.DE achieves a 0.38% return, which is significantly lower than IS0Z.DE's 1.29% return.
8OUU.DE
- 1D
- 0.02%
- 1M
- 0.53%
- YTD
- 0.38%
- 6M
- -0.13%
- 1Y
- -1.04%
- 3Y*
- -0.08%
- 5Y*
- —
- 10Y*
- —
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
8OUU.DE vs. IS0Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8OUU.DE Amundi Global Aggregate SRI UCITS ETF | 0.38% | -3.96% | 2.49% | 1.79% | -7.74% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -10.95% |
Correlation
The correlation between 8OUU.DE and IS0Z.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2022 | 0.79 |
The correlation between 8OUU.DE and IS0Z.DE has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
8OUU.DE vs. IS0Z.DE — Risk / Return Rank
8OUU.DE
IS0Z.DE
8OUU.DE vs. IS0Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate SRI UCITS ETF (8OUU.DE) and iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.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.
| 8OUU.DE | IS0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.09 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.80 | 0.19 | -0.99 |
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
| 8OUU.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.06 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.05 | -0.35 |
Drawdowns
8OUU.DE vs. IS0Z.DE - Drawdown Comparison
The maximum 8OUU.DE drawdown since its inception was -12.83%, smaller than the maximum IS0Z.DE drawdown of -21.02%. Use the drawdown chart below to compare losses from any high point for 8OUU.DE and IS0Z.DE.
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Drawdown Indicators
| 8OUU.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -21.02% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.50% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.94% | -5.11% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.02% | — |
Current DrawdownCurrent decline from peak | -9.22% | -15.06% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -7.48% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.21% | +0.09% |
Volatility
8OUU.DE vs. IS0Z.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate SRI UCITS ETF (8OUU.DE) is 1.00%, while iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a volatility of 1.69%. This indicates that 8OUU.DE experiences smaller price fluctuations and is considered to be less risky than IS0Z.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8OUU.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.69% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 3.07% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.82% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 6.19% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 5.66% | +0.39% |
8OUU.DE vs. IS0Z.DE - Expense Ratio Comparison
8OUU.DE has a 0.14% expense ratio, which is lower than IS0Z.DE's 0.20% 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
8OUU.DE vs. IS0Z.DE - Dividend Comparison
8OUU.DE has not paid dividends to shareholders, while IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8OUU.DE Amundi Global Aggregate SRI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
Frequently Asked Questions
8OUU.DE and IS0Z.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8OUU.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8OUU.DE is cheaper with a 0.14% expense ratio, compared with 0.20% for IS0Z.DE.
8OUU.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI Sector Neutral, while IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for 8OUU.DE and 0.20% for IS0Z.DE.
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