DE5A.DE vs. D5BB.DE
DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) and D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) are both European Government Bonds funds - DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond while D5BB.DE tracks the iBoxx® EUR Germany. Both are passively managed. Over the past 10 years, DE5A.DE returned -1.18%/yr vs -1.28%/yr for D5BB.DE. Their correlation of 0.94 suggests significant overlap in exposure. DE5A.DE charges 0.14%/yr vs 0.15%/yr for D5BB.DE.
Performance
DE5A.DE vs. D5BB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DE5A.DE achieves a 0.27% return, which is significantly higher than D5BB.DE's -0.06% return. Over the past 10 years, DE5A.DE has outperformed D5BB.DE with an annualized return of -1.18%, while D5BB.DE has yielded a comparatively lower -1.28% annualized return.
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
D5BB.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.06%
- 6M
- -0.23%
- 1Y
- -0.99%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
DE5A.DE vs. D5BB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -17.79% | -2.56% | 2.70% | 2.83% | 2.38% | -1.64% |
Correlation
The correlation between DE5A.DE and D5BB.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.94 |
The correlation between DE5A.DE and D5BB.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
DE5A.DE vs. D5BB.DE — Risk / Return Rank
DE5A.DE
D5BB.DE
DE5A.DE vs. D5BB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) and Xtrackers II Germany Government Bond UCITS ETF (D5BB.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.
| DE5A.DE | D5BB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.94 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.48 | +0.22 |
| Martin ratioReturn relative to average drawdown | -0.58 | -1.00 | +0.42 |
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
| DE5A.DE | D5BB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.37 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | -0.49 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | -0.24 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.17 | +0.05 |
Drawdowns
DE5A.DE vs. D5BB.DE - Drawdown Comparison
The maximum DE5A.DE drawdown since its inception was -24.92%, roughly equal to the maximum D5BB.DE drawdown of -23.86%. Use the drawdown chart below to compare losses from any high point for DE5A.DE and D5BB.DE.
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Drawdown Indicators
| DE5A.DE | D5BB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -23.86% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.88% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -4.96% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -21.18% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | -23.86% | -1.06% |
Current DrawdownCurrent decline from peak | -19.43% | -19.30% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -6.98% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.39% | +0.03% |
Volatility
DE5A.DE vs. D5BB.DE - Volatility Comparison
Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) has a higher volatility of 1.71% compared to Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) at 1.45%. This indicates that DE5A.DE's price experiences larger fluctuations and is considered to be riskier than D5BB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DE5A.DE | D5BB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.45% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.97% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.70% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 6.10% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 5.26% | +0.11% |
DE5A.DE vs. D5BB.DE - Expense Ratio Comparison
DE5A.DE has a 0.14% expense ratio, which is lower than D5BB.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
DE5A.DE vs. D5BB.DE - Dividend Comparison
DE5A.DE has not paid dividends to shareholders, while D5BB.DE's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, DE5A.DE and D5BB.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, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for D5BB.DE.
DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond, while D5BB.DE tracks iBoxx® EUR Germany. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for DE5A.DE and 0.15% for D5BB.DE.
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