DE5A.DE vs. EIB3.DE
DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, DE5A.DE returned -3.17%/yr vs 0.63%/yr for EIB3.DE. A 0.75 correlation means they provide meaningful diversification when combined. DE5A.DE charges 0.14%/yr vs 0.10%/yr for EIB3.DE.
Performance
DE5A.DE vs. EIB3.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 EIB3.DE's 0.19% 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%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
DE5A.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -4.06% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between DE5A.DE and EIB3.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.75 |
Over the past year, the correlation between DE5A.DE and EIB3.DE has dropped to 0.55 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
DE5A.DE vs. EIB3.DE — Risk / Return Rank
DE5A.DE
EIB3.DE
DE5A.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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 | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.50 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.58 | 1.50 | -2.08 |
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 | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.26 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.30 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.17 | +0.06 |
Drawdowns
DE5A.DE vs. EIB3.DE - Drawdown Comparison
The maximum DE5A.DE drawdown since its inception was -24.92%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for DE5A.DE and EIB3.DE.
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Drawdown Indicators
| DE5A.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -6.78% | -18.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.60% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -1.60% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -5.91% | -16.87% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | — | — |
Current DrawdownCurrent decline from peak | -19.43% | -0.68% | -18.75% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -2.06% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.54% | +0.88% |
Volatility
DE5A.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that DE5A.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.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 | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.50% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.75% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.11% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 2.11% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 1.89% | +3.48% |
DE5A.DE vs. EIB3.DE - Expense Ratio Comparison
DE5A.DE has a 0.14% expense ratio, which is higher than EIB3.DE's 0.10% 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
DE5A.DE vs. EIB3.DE - Dividend Comparison
DE5A.DE has not paid dividends to shareholders, while EIB3.DE's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
Frequently Asked Questions
DE5A.DE and EIB3.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for DE5A.DE.
DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for DE5A.DE and 0.10% for EIB3.DE.
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