CB3G.DE vs. VGEA.DE
CB3G.DE (Amundi Euro Government tilted Green Bond UCITS ETF Acc) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - CB3G.DE tracks the Bloomberg Euro Treasury Green Bond Tilted while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, CB3G.DE returned -2.40%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.92 suggests significant overlap in exposure. CB3G.DE charges 0.14%/yr vs 0.07%/yr for VGEA.DE.
Performance
CB3G.DE vs. VGEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CB3G.DE achieves a 0.09% return, which is significantly lower than VGEA.DE's 0.11% return.
CB3G.DE
- 1D
- 0.08%
- 1M
- 0.53%
- YTD
- 0.09%
- 6M
- -0.05%
- 1Y
- -0.26%
- 3Y*
- 2.19%
- 5Y*
- -2.40%
- 10Y*
- -0.45%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
CB3G.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CB3G.DE Amundi Euro Government tilted Green Bond UCITS ETF Acc | 0.09% | 0.32% | 1.42% | 6.80% | -18.48% | -3.50% | 4.73% | 5.81% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between CB3G.DE and VGEA.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.92 |
The correlation between CB3G.DE and VGEA.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CB3G.DE vs. VGEA.DE — Risk / Return Rank
CB3G.DE
VGEA.DE
CB3G.DE vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government tilted Green Bond UCITS ETF Acc (CB3G.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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.
| CB3G.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.01 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.04 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CB3G.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | -0.01 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.35 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | -0.10 | +0.44 |
Drawdowns
CB3G.DE vs. VGEA.DE - Drawdown Comparison
The maximum CB3G.DE drawdown since its inception was -22.85%, roughly equal to the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for CB3G.DE and VGEA.DE.
Loading charts...
Drawdown Indicators
| CB3G.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.85% | -22.34% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -3.44% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.18% | -4.00% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -21.47% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.85% | — | — |
Current DrawdownCurrent decline from peak | -14.83% | -13.91% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -10.30% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
CB3G.DE vs. VGEA.DE - Volatility Comparison
Amundi Euro Government tilted Green Bond UCITS ETF Acc (CB3G.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) have volatilities of 1.70% and 1.67%, 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.
Loading charts...
Volatility by Period
| CB3G.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.67% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 3.62% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.33% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 6.39% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 5.86% | -0.18% |
CB3G.DE vs. VGEA.DE - Expense Ratio Comparison
CB3G.DE has a 0.14% expense ratio, which is higher than VGEA.DE's 0.07% 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
CB3G.DE vs. VGEA.DE - Dividend Comparison
Neither CB3G.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, CB3G.DE and VGEA.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.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.14% for CB3G.DE.
CB3G.DE tracks Bloomberg Euro Treasury Green Bond Tilted, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.14% for CB3G.DE and 0.07% for VGEA.DE.
Find the right allocation for CB3G.DE and VGEA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer