CB3G.DE vs. X03C.DE
CB3G.DE (Amundi Euro Government tilted Green Bond UCITS ETF Acc) and X03C.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) are both European Government Bonds funds - CB3G.DE tracks the Bloomberg Euro Treasury Green Bond Tilted while X03C.DE tracks the Markit iBoxx® EUR Eurozone 3-5. Both are passively managed. Over the past 10 years, CB3G.DE returned -0.45%/yr vs 0.21%/yr for X03C.DE. A 0.68 correlation means they provide meaningful diversification when combined. CB3G.DE charges 0.14%/yr vs 0.15%/yr for X03C.DE.
Performance
CB3G.DE vs. X03C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CB3G.DE achieves a 0.09% return, which is significantly higher than X03C.DE's -0.14% return. Over the past 10 years, CB3G.DE has underperformed X03C.DE with an annualized return of -0.45%, while X03C.DE has yielded a comparatively higher 0.21% annualized 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%
X03C.DE
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- -0.14%
- 6M
- -0.15%
- 1Y
- 0.37%
- 3Y*
- 2.83%
- 5Y*
- -0.28%
- 10Y*
- 0.21%
CB3G.DE vs. X03C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 6.69% | 0.83% | -0.21% |
X03C.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | -0.14% | 2.45% | 2.38% | 5.56% | -10.15% | -1.30% | 1.36% | 2.65% | 0.06% | -0.24% |
Correlation
The correlation between CB3G.DE and X03C.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2012 | 0.68 |
Over the past year, CB3G.DE and X03C.DE have become more correlated (0.92) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
CB3G.DE vs. X03C.DE — Risk / Return Rank
CB3G.DE
X03C.DE
CB3G.DE vs. X03C.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 Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (X03C.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 | X03C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.15 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.19 | 0.43 | -0.62 |
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
| CB3G.DE | X03C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.14 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.08 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.07 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.43 | -0.08 |
Drawdowns
CB3G.DE vs. X03C.DE - Drawdown Comparison
The maximum CB3G.DE drawdown since its inception was -22.85%, which is greater than X03C.DE's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for CB3G.DE and X03C.DE.
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Drawdown Indicators
| CB3G.DE | X03C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.85% | -12.23% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -2.41% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.18% | -2.41% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -12.12% | -9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -22.85% | -12.23% | -10.62% |
Current DrawdownCurrent decline from peak | -14.83% | -2.13% | -12.70% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -2.27% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.86% | +0.52% |
Volatility
CB3G.DE vs. X03C.DE - Volatility Comparison
Amundi Euro Government tilted Green Bond UCITS ETF Acc (CB3G.DE) has a higher volatility of 1.70% compared to Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (X03C.DE) at 1.01%. This indicates that CB3G.DE's price experiences larger fluctuations and is considered to be riskier than X03C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CB3G.DE | X03C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.01% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 2.31% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 2.57% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 3.68% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 3.09% | +2.59% |
CB3G.DE vs. X03C.DE - Expense Ratio Comparison
CB3G.DE has a 0.14% expense ratio, which is lower than X03C.DE's 0.15% 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
CB3G.DE vs. X03C.DE - Dividend Comparison
CB3G.DE has not paid dividends to shareholders, while X03C.DE's dividend yield for the trailing twelve months is around 2.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CB3G.DE Amundi Euro Government tilted Green Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X03C.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 2.22% | 1.86% | 1.05% | 0.47% | 0.51% | 0.37% | 0.39% | 0.00% | 0.00% | 0.00% | 0.62% | 0.82% |
Frequently Asked Questions
With a correlation of 0.92, CB3G.DE and X03C.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, CB3G.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CB3G.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for X03C.DE.
CB3G.DE tracks Bloomberg Euro Treasury Green Bond Tilted, while X03C.DE tracks Markit iBoxx® EUR Eurozone 3-5. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for CB3G.DE and 0.15% for X03C.DE.
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