ENDH.DE vs. GASF.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) are both Emerging Markets Bonds funds - ENDH.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged) while GASF.DE tracks the FTSE Goldman Sachs China Government Bond Index. Both are passively managed. Over the past 3 years, ENDH.DE returned 5.61%/yr vs 5.05%/yr for GASF.DE. At a correlation of -0.19, they often move in opposite directions. ENDH.DE charges 0.28%/yr vs 0.24%/yr for GASF.DE.
Performance
ENDH.DE vs. GASF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.35% return, which is significantly lower than GASF.DE's 7.80% return.
ENDH.DE
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- -0.36%
- YTD
- -0.35%
- 1Y
- 3.21%
- 3Y*
- 5.61%
- 5Y*
- —
- 10Y*
- —
GASF.DE
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 5.78%
- YTD
- 7.80%
- 1Y
- 8.64%
- 3Y*
- 5.05%
- 5Y*
- 3.49%
- 10Y*
- —
ENDH.DE vs. GASF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.35% | 7.89% | 6.59% | 5.41% | -2.48% |
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 7.80% | -6.82% | 10.85% | -2.28% | -3.03% |
Correlation
The correlation between ENDH.DE and GASF.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | -0.19 |
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Return for Risk
ENDH.DE vs. GASF.DE — Risk / Return Rank
ENDH.DE
GASF.DE
ENDH.DE vs. GASF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) and Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.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.
| ENDH.DE | GASF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.53 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.19 | 7.67 | -3.48 |
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Drawdowns
ENDH.DE vs. GASF.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum GASF.DE drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and GASF.DE.
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Drawdown Indicators
| ENDH.DE | GASF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -13.75% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -3.40% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -11.00% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.75% | — |
Current DrawdownCurrent decline from peak | -1.68% | -1.66% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -6.05% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.12% | -0.36% |
Volatility
ENDH.DE vs. GASF.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) has a higher volatility of 2.64% compared to Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) at 1.25%. This indicates that ENDH.DE's price experiences larger fluctuations and is considered to be riskier than GASF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENDH.DE | GASF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.25% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 3.44% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 5.31% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 6.68% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 7.71% | -2.72% |
ENDH.DE vs. GASF.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is higher than GASF.DE's 0.24% expense ratio.
Dividends
ENDH.DE vs. GASF.DE - Dividend Comparison
ENDH.DE has not paid dividends to shareholders, while GASF.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 1.99% | 2.36% | 2.35% | 2.63% | 2.73% | 2.40% | 1.99% |
Frequently Asked Questions
ENDH.DE and GASF.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GASF.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GASF.DE is cheaper with a 0.24% expense ratio, compared with 0.28% for ENDH.DE.
ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while GASF.DE tracks FTSE Goldman Sachs China Government Bond Index. They also come from different issuers: Legal & General and Goldman Sachs. Their fees differ too: 0.28% for ENDH.DE and 0.24% for GASF.DE.
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