EAH.DE vs. XZEB.DE
EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - EAH.DE tracks the Solactive Euro Government Green Bond while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, EAH.DE returned 1.19%/yr vs 1.37%/yr for XZEB.DE. With a 0.98 correlation, they move nearly in lockstep. EAH.DE charges 0.20%/yr vs 0.15%/yr for XZEB.DE.
Performance
EAH.DE vs. XZEB.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 XZEB.DE's 0.20% return.
EAH.DE
- 1D
- 0.11%
- 1M
- -0.12%
- YTD
- 0.01%
- 6M
- -0.10%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
EAH.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 0.01% | -2.11% | -0.57% | 8.84% | -11.77% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between EAH.DE and XZEB.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.98 |
The correlation between EAH.DE and XZEB.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
EAH.DE vs. XZEB.DE — Risk / Return Rank
EAH.DE
XZEB.DE
EAH.DE vs. XZEB.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 II ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.24 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.71 | -0.53 | -0.17 |
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 | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | -0.17 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.11 | -0.48 |
Drawdowns
EAH.DE vs. XZEB.DE - Drawdown Comparison
The maximum EAH.DE drawdown since its inception was -36.30%, which is greater than XZEB.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for EAH.DE and XZEB.DE.
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Drawdown Indicators
| EAH.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -13.98% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -2.97% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | -4.45% | -3.38% |
Current DrawdownCurrent decline from peak | -29.61% | -7.28% | -22.33% |
Average DrawdownAverage peak-to-trough decline | -25.57% | -8.40% | -17.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.33% | +0.86% |
Volatility
EAH.DE vs. XZEB.DE - Volatility Comparison
Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a higher volatility of 2.49% compared to Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) at 1.57%. This indicates that EAH.DE's price experiences larger fluctuations and is considered to be riskier than XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.57% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 3.45% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 4.14% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.85% | 6.32% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 6.32% | +4.53% |
EAH.DE vs. XZEB.DE - Expense Ratio Comparison
EAH.DE has a 0.20% expense ratio, which is higher than XZEB.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. XZEB.DE - Dividend Comparison
Neither EAH.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, EAH.DE and XZEB.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, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.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 XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.20% for EAH.DE and 0.15% for XZEB.DE.
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