EAH.DE vs. X03B.DE
EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EAH.DE tracks the Solactive Euro Government Green Bond while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 3 years, EAH.DE returned 1.19%/yr vs 2.63%/yr for X03B.DE. A 0.79 correlation means they provide meaningful diversification when combined. EAH.DE charges 0.20%/yr vs 0.15%/yr for X03B.DE.
Performance
EAH.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EAH.DE achieves a 0.01% return, which is significantly lower than X03B.DE's 0.05% return.
EAH.DE
- 1D
- 0.11%
- 1M
- -0.12%
- YTD
- 0.01%
- 6M
- -0.10%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
EAH.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 0.01% | -2.11% | -0.57% | 8.84% | -30.65% | -1.77% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.40% |
Correlation
The correlation between EAH.DE and X03B.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.79 |
The correlation between EAH.DE and X03B.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
EAH.DE vs. X03B.DE — Risk / Return Rank
EAH.DE
X03B.DE
EAH.DE vs. X03B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
| EAH.DE | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.63 | -0.96 |
| Martin ratioReturn relative to average drawdown | -0.71 | 2.04 | -2.75 |
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
| EAH.DE | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 0.62 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.57 | -1.16 |
Drawdowns
EAH.DE vs. X03B.DE - Drawdown Comparison
The maximum EAH.DE drawdown since its inception was -36.30%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EAH.DE and X03B.DE.
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Drawdown Indicators
| EAH.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -6.78% | -29.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -1.28% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | -1.28% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -29.61% | -0.51% | -29.10% |
Average DrawdownAverage peak-to-trough decline | -25.57% | -1.19% | -24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.40% | +1.79% |
Volatility
EAH.DE vs. X03B.DE - Volatility Comparison
Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a higher volatility of 2.49% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that EAH.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAH.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 0.50% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 1.20% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 1.30% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.85% | 1.63% | +9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 1.32% | +9.53% |
EAH.DE vs. X03B.DE - Expense Ratio Comparison
EAH.DE has a 0.20% expense ratio, which is higher than X03B.DE's 0.15% 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
EAH.DE vs. X03B.DE - Dividend Comparison
EAH.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAH.DE Amundi Euro Government 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
EAH.DE and X03B.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EAH.DE.
EAH.DE tracks Solactive Euro Government Green Bond, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.20% for EAH.DE and 0.15% for X03B.DE.
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