DBXQ.DE vs. EAH.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds - DBXQ.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 5 years, DBXQ.DE returned -0.10%/yr vs -5.48%/yr for EAH.DE. Their correlation of 0.88 suggests significant overlap in exposure. DBXQ.DE charges 0.15%/yr vs 0.20%/yr for EAH.DE.
Performance
DBXQ.DE vs. EAH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXQ.DE achieves a 0.60% return, which is significantly lower than EAH.DE's 1.55% return.
DBXQ.DE
- 1D
- 0.05%
- 1M
- 0.50%
- YTD
- 0.60%
- 6M
- 0.58%
- 1Y
- 1.05%
- 3Y*
- 3.10%
- 5Y*
- -0.10%
- 10Y*
- 0.26%
EAH.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.55%
- 6M
- 1.73%
- 1Y
- 0.28%
- 3Y*
- 1.13%
- 5Y*
- -5.48%
- 10Y*
- —
DBXQ.DE vs. EAH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 0.60% | 2.57% | 2.23% | 5.50% | -10.12% | -0.63% |
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 1.55% | -2.11% | -0.57% | 8.84% | -30.65% | 1.11% |
Correlation
The correlation between DBXQ.DE and EAH.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.88 |
The correlation between DBXQ.DE and EAH.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
DBXQ.DE vs. EAH.DE — Risk / Return Rank
DBXQ.DE
EAH.DE
DBXQ.DE vs. EAH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBXQ.DE | EAH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.06 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.16 | 0.13 | +1.03 |
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Drawdowns
DBXQ.DE vs. EAH.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and EAH.DE.
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Drawdown Indicators
| DBXQ.DE | EAH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -36.30% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -4.72% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -7.80% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -36.30% | +24.17% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -28.52% | +27.00% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -25.33% | +23.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.11% | -1.21% |
Volatility
DBXQ.DE vs. EAH.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) is 0.63%, while Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a volatility of 1.69%. This indicates that DBXQ.DE experiences smaller price fluctuations and is considered to be less risky than EAH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXQ.DE | EAH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.69% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 5.31% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 6.50% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 10.79% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 10.79% | -7.48% |
DBXQ.DE vs. EAH.DE - Expense Ratio Comparison
DBXQ.DE has a 0.15% expense ratio, which is lower than EAH.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
DBXQ.DE vs. EAH.DE - Dividend Comparison
Neither DBXQ.DE nor EAH.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXQ.DE and EAH.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXQ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXQ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EAH.DE.
DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, while EAH.DE tracks Solactive Euro Government Green Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for DBXQ.DE and 0.20% for EAH.DE.
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