DBXP.DE vs. KX1G.DE
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - DBXP.DE tracks the iBoxx® EUR Eurozone 1-3 while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 10 years, DBXP.DE returned 0.22%/yr vs 0.22%/yr for KX1G.DE. A 0.59 correlation means they provide meaningful diversification when combined. DBXP.DE charges 0.15%/yr vs 0.14%/yr for KX1G.DE.
Performance
DBXP.DE vs. KX1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.04% return, which is significantly lower than KX1G.DE's 0.22% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: DBXP.DE at 0.22% and KX1G.DE at 0.22%.
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
KX1G.DE
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 0.22%
- 6M
- 0.10%
- 1Y
- 0.45%
- 3Y*
- 3.02%
- 5Y*
- -1.81%
- 10Y*
- 0.22%
DBXP.DE vs. KX1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 0.22% | 1.21% | 2.65% | 7.57% | -18.42% | -3.38% | 5.42% | 8.82% | 0.15% | 0.54% |
Correlation
The correlation between DBXP.DE and KX1G.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.59 |
The correlation between DBXP.DE and KX1G.DE shifts across timeframes, from 0.59 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBXP.DE vs. KX1G.DE — Risk / Return Rank
DBXP.DE
KX1G.DE
DBXP.DE vs. KX1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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.
| DBXP.DE | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.02 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.13 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.08 | 0.34 | +1.74 |
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
| DBXP.DE | KX1G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.10 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.27 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.04 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.41 | +0.15 |
Drawdowns
DBXP.DE vs. KX1G.DE - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum KX1G.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and KX1G.DE.
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Drawdown Indicators
| DBXP.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -22.43% | +15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -3.54% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -4.22% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -21.59% | +15.92% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -22.43% | +15.66% |
Current DrawdownCurrent decline from peak | -0.55% | -12.10% | +11.55% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -6.69% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.34% | -0.95% |
Volatility
DBXP.DE vs. KX1G.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.46%, while Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) has a volatility of 1.76%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than KX1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXP.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.76% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 3.80% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 4.57% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 6.66% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 5.94% | -4.14% |
DBXP.DE vs. KX1G.DE - Expense Ratio Comparison
DBXP.DE has a 0.15% expense ratio, which is higher than KX1G.DE's 0.14% 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
DBXP.DE vs. KX1G.DE - Dividend Comparison
Neither DBXP.DE nor KX1G.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXP.DE and KX1G.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KX1G.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KX1G.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for DBXP.DE.
DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for DBXP.DE and 0.14% for KX1G.DE.
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