EGV3.DE vs. VGEB.DE

Last updated Jun 26, 2026

EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, EGV3.DE returned 0.63%/yr vs -1.95%/yr for VGEB.DE. Their correlation of 0.82 suggests significant overlap in exposure. EGV3.DE charges 0.17%/yr vs 0.07%/yr for VGEB.DE.

Performance

EGV3.DE vs. VGEB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGV3.DE achieves a 0.39% return, which is significantly lower than VGEB.DE's 1.31% return.

EGV3.DE

• 1D: 0.06%
• 1M: 0.32%
• YTD: 0.39%
• 6M: 0.51%
• 1Y: 1.04%
• 3Y*: 2.72%
• 5Y*: 0.63%
• 10Y*: —

VGEB.DE

• 1D: 0.09%
• 1M: 0.95%
• YTD: 1.31%
• 6M: 1.40%
• 1Y: 1.22%
• 3Y*: 2.49%
• 5Y*: -1.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EGV3.DE vs. VGEB.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist	0.39%	2.11%	3.01%	3.26%	-4.94%	-0.89%	0.01%
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	1.31%	0.67%	1.53%	6.85%	-18.24%	-3.27%	1.50%

Correlation

The correlation between EGV3.DE and VGEB.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.82

The correlation between EGV3.DE and VGEB.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

EGV3.DE vs. VGEB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EGV3.DE

EGV3.DE Risk / Return Rank: 22
EGV3.DE Sharpe Ratio Rank: 23
EGV3.DE Sortino Ratio Rank: 22
EGV3.DE Omega Ratio Rank: 23
EGV3.DE Calmar Ratio Rank: 20
EGV3.DE Martin Ratio Rank: 22

VGEB.DE

VGEB.DE Risk / Return Rank: 12
VGEB.DE Sharpe Ratio Rank: 13
VGEB.DE Sortino Ratio Rank: 11
VGEB.DE Omega Ratio Rank: 11
VGEB.DE Calmar Ratio Rank: 13
VGEB.DE Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EGV3.DE vs. VGEB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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.

	EGV3.DE	VGEB.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.78	0.29	+0.49
Sortino ratio: Return per unit of downside risk	1.19	0.44	+0.76
Omega ratio: Gain probability vs. loss probability	1.16	1.05	+0.10
Calmar ratio: Return relative to maximum drawdown	0.87	0.35	+0.51
Martin ratio: Return relative to average drawdown	2.60	0.89	+1.71

EGV3.DE vs. VGEB.DE - Sharpe Ratio Comparison

The current EGV3.DE Sharpe Ratio is 0.78, which is higher than the VGEB.DE Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of EGV3.DE and VGEB.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EGV3.DE vs. VGEB.DE - Drawdown Comparison

The maximum EGV3.DE drawdown since its inception was -6.45%, smaller than the maximum VGEB.DE drawdown of -22.41%. Use the drawdown chart below to compare losses from any high point for EGV3.DE and VGEB.DE.

Drawdown Indicators

	EGV3.DE	VGEB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.45%	-22.41%	+15.96%
Max Drawdown (1Y) Largest decline over 1 year	-1.20%	-3.44%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-1.20%	-4.06%	+2.86%
Max Drawdown (5Y) Largest decline over 5 years	-6.05%	-21.50%	+15.45%
Current Drawdown Current decline from peak	-0.17%	-12.92%	+12.75%
Average Drawdown Average peak-to-trough decline	-1.97%	-8.98%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	1.37%	-0.97%

Volatility

EGV3.DE vs. VGEB.DE - Volatility Comparison

The current volatility for Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) is 0.34%, while Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) has a volatility of 1.13%. This indicates that EGV3.DE experiences smaller price fluctuations and is considered to be less risky than VGEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGV3.DE	VGEB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	1.13%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	1.23%	3.55%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	1.33%	4.24%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	6.36%	-4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	5.53%	-3.96%

EGV3.DE vs. VGEB.DE - Expense Ratio Comparison

EGV3.DE has a 0.17% expense ratio, which is higher than VGEB.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

EGV3.DE vs. VGEB.DE - Dividend Comparison

EGV3.DE's dividend yield for the trailing twelve months is around 1.56%, less than VGEB.DE's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist	1.56%	1.57%	1.36%	1.13%	1.46%	2.49%	0.95%	0.00%	0.00%	0.00%
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	2.88%	2.88%	2.56%	1.83%	0.48%	0.08%	0.15%	0.51%	0.56%	0.09%

Frequently Asked Questions

Can I hold both EGV3.DE and VGEB.DE in my portfolio?

EGV3.DE and VGEB.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EGV3.DE or VGEB.DE?

On fees, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EGV3.DE or VGEB.DE?

VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.17% for EGV3.DE.

What is the main difference between EGV3.DE and VGEB.DE?

EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.17% for EGV3.DE and 0.07% for VGEB.DE.