EGV2.DE vs. E0UA.DE
EGV2.DE (Amundi Smart Overnight Return UCITS ETF (Dist)) and E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) are both Money Market funds - EGV2.DE tracks the ESTR Compounded Index while E0UA.DE tracks the ICE 0-3 Month Euro Government Bill Index. Both are passively managed. Over the past year, EGV2.DE returned 2.41% vs 1.96% for E0UA.DE. At a correlation of -0.01, they often move in opposite directions. EGV2.DE charges 0.10%/yr vs 0.07%/yr for E0UA.DE.
Performance
EGV2.DE vs. E0UA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGV2.DE achieves a 1.27% return, which is significantly higher than E0UA.DE's 1.00% return.
EGV2.DE
- 1D
- 0.04%
- 1M
- 0.02%
- 6M
- 1.23%
- YTD
- 1.27%
- 1Y
- 2.41%
- 3Y*
- 3.26%
- 5Y*
- 2.20%
- 10Y*
- —
E0UA.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.00%
- YTD
- 1.00%
- 1Y
- 1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGV2.DE vs. E0UA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 1.27% | 2.48% | 0.43% |
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 1.00% | 2.15% | 0.26% |
Correlation
The correlation between EGV2.DE and E0UA.DE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2024 | -0.01 |
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Return for Risk
EGV2.DE vs. E0UA.DE — Risk / Return Rank
EGV2.DE
E0UA.DE
EGV2.DE vs. E0UA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.DE) and iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EGV2.DE | E0UA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.32 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | 7.81 | 8.94 | -1.14 |
| Martin ratioReturn relative to average drawdown | 33.51 | 28.82 | +4.69 |
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Drawdowns
EGV2.DE vs. E0UA.DE - Drawdown Comparison
The maximum EGV2.DE drawdown since its inception was -0.86%, which is greater than E0UA.DE's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for EGV2.DE and E0UA.DE.
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Drawdown Indicators
| EGV2.DE | E0UA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.86% | -0.22% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -0.22% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.48% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.01% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.03% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.07% | 0.00% |
Volatility
EGV2.DE vs. E0UA.DE - Volatility Comparison
Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.DE) has a higher volatility of 0.32% compared to iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) at 0.07%. This indicates that EGV2.DE's price experiences larger fluctuations and is considered to be riskier than E0UA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGV2.DE | E0UA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.07% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 0.41% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 0.60% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 0.54% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 0.54% | +0.14% |
EGV2.DE vs. E0UA.DE - Expense Ratio Comparison
EGV2.DE has a 0.10% expense ratio, which is higher than E0UA.DE's 0.07% 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
EGV2.DE vs. E0UA.DE - Dividend Comparison
EGV2.DE's dividend yield for the trailing twelve months is around 2.93%, while E0UA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 2.93% | 2.97% | 3.91% | 2.50% |
Frequently Asked Questions
EGV2.DE and E0UA.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for EGV2.DE.
EGV2.DE tracks ESTR Compounded Index, while E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for EGV2.DE and 0.07% for E0UA.DE.
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