EAH.DE vs. XY4P.DE
EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both European Government Bonds funds - EAH.DE tracks the Solactive Euro Government Green Bond while XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 3 years, EAH.DE returned 1.19%/yr vs 3.35%/yr for XY4P.DE. Their correlation of 0.95 suggests significant overlap in exposure. EAH.DE charges 0.20%/yr vs 0.15%/yr for XY4P.DE.
Performance
EAH.DE vs. XY4P.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 higher than XY4P.DE's -0.03% return.
EAH.DE
- 1D
- 0.11%
- 1M
- -0.12%
- YTD
- 0.01%
- 6M
- -0.10%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XY4P.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.03%
- 6M
- 0.03%
- 1Y
- 0.60%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
EAH.DE vs. XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -1.55% |
Correlation
The correlation between EAH.DE and XY4P.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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.95 |
The correlation between EAH.DE and XY4P.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
EAH.DE vs. XY4P.DE — Risk / Return Rank
EAH.DE
XY4P.DE
EAH.DE vs. XY4P.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 iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.07 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.19 | -0.90 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 0.06 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.40 | -0.98 |
Drawdowns
EAH.DE vs. XY4P.DE - Drawdown Comparison
The maximum EAH.DE drawdown since its inception was -36.30%, which is greater than XY4P.DE's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for EAH.DE and XY4P.DE.
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Drawdown Indicators
| EAH.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -20.52% | -15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -3.95% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | -4.07% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.52% | — |
Current DrawdownCurrent decline from peak | -29.61% | -9.19% | -20.42% |
Average DrawdownAverage peak-to-trough decline | -25.57% | -5.49% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.43% | +0.76% |
Volatility
EAH.DE vs. XY4P.DE - Volatility Comparison
Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a higher volatility of 2.49% compared to Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) at 1.77%. This indicates that EAH.DE's price experiences larger fluctuations and is considered to be riskier than XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.77% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 3.88% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 4.57% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.85% | 6.49% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 6.49% | +4.36% |
EAH.DE vs. XY4P.DE - Expense Ratio Comparison
EAH.DE has a 0.20% expense ratio, which is higher than XY4P.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. XY4P.DE - Dividend Comparison
Neither EAH.DE nor XY4P.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, EAH.DE and XY4P.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, XY4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XY4P.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 XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.20% for EAH.DE and 0.15% for XY4P.DE.
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