EGV7.DE vs. H4ZK.DE
EGV7.DE (Amundi Euro Government Bond 5-7Y UCITS ETF Dist) and H4ZK.DE (HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR) are both European Government Bonds funds - EGV7.DE tracks the Bloomberg Euro Treasury 50bn 5-7 Year Bond while H4ZK.DE tracks the Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. Both are passively managed. Over the past year, EGV7.DE returned 0.27% vs 0.79% for H4ZK.DE. A 0.53 correlation means they provide meaningful diversification when combined. EGV7.DE charges 0.17%/yr vs 0.14%/yr for H4ZK.DE.
Performance
EGV7.DE vs. H4ZK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGV7.DE achieves a -0.38% return, which is significantly lower than H4ZK.DE's 0.20% return.
EGV7.DE
- 1D
- -0.03%
- 1M
- -1.01%
- 6M
- -0.72%
- YTD
- -0.38%
- 1Y
- 0.27%
- 3Y*
- 2.73%
- 5Y*
- -1.28%
- 10Y*
- —
H4ZK.DE
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 0.00%
- YTD
- 0.20%
- 1Y
- 0.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGV7.DE vs. H4ZK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EGV7.DE Amundi Euro Government Bond 5-7Y UCITS ETF Dist | -0.38% | 3.05% |
H4ZK.DE HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR | 0.20% | 2.30% |
Correlation
The correlation between EGV7.DE and H4ZK.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.53 |
The correlation between EGV7.DE and H4ZK.DE has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
EGV7.DE vs. H4ZK.DE — Risk / Return Rank
EGV7.DE
H4ZK.DE
EGV7.DE vs. H4ZK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 5-7Y UCITS ETF Dist (EGV7.DE) and HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.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.
| EGV7.DE | H4ZK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.62 | -0.54 |
| Martin ratioReturn relative to average drawdown | 0.20 | 2.06 | -1.86 |
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Drawdowns
EGV7.DE vs. H4ZK.DE - Drawdown Comparison
The maximum EGV7.DE drawdown since its inception was -16.95%, which is greater than H4ZK.DE's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for EGV7.DE and H4ZK.DE.
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Drawdown Indicators
| EGV7.DE | H4ZK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.95% | -1.26% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -1.26% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | — | — |
Current DrawdownCurrent decline from peak | -7.00% | -0.29% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -0.19% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.38% | +0.95% |
Volatility
EGV7.DE vs. H4ZK.DE - Volatility Comparison
Amundi Euro Government Bond 5-7Y UCITS ETF Dist (EGV7.DE) has a higher volatility of 1.00% compared to HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.DE) at 0.41%. This indicates that EGV7.DE's price experiences larger fluctuations and is considered to be riskier than H4ZK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGV7.DE | H4ZK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.41% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 1.23% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 1.38% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 1.40% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 1.40% | +3.52% |
EGV7.DE vs. H4ZK.DE - Expense Ratio Comparison
EGV7.DE has a 0.17% expense ratio, which is higher than H4ZK.DE's 0.14% 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
EGV7.DE vs. H4ZK.DE - Dividend Comparison
EGV7.DE's dividend yield for the trailing twelve months is around 1.42%, while H4ZK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EGV7.DE Amundi Euro Government Bond 5-7Y UCITS ETF Dist | 1.42% | 1.41% | 1.47% | 1.40% | 1.84% | 1.64% | 0.62% |
H4ZK.DE HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EGV7.DE and H4ZK.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZK.DE is cheaper with a 0.14% expense ratio, compared with 0.17% for EGV7.DE.
EGV7.DE tracks Bloomberg Euro Treasury 50bn 5-7 Year Bond, while H4ZK.DE tracks Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.17% for EGV7.DE and 0.14% for H4ZK.DE.
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