EXHF.DE vs. DE5A.DE
EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - EXHF.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5 while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, EXHF.DE returned -0.22%/yr vs -1.18%/yr for DE5A.DE. A 0.80 correlation means they provide meaningful diversification when combined. EXHF.DE charges 0.15%/yr vs 0.14%/yr for DE5A.DE.
Performance
EXHF.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, EXHF.DE has outperformed DE5A.DE with an annualized return of -0.22%, while DE5A.DE has yielded a comparatively lower -1.18% annualized return.
EXHF.DE
- 1D
- 0.03%
- 1M
- -0.63%
- YTD
- -0.61%
- 6M
- -0.60%
- 1Y
- 0.03%
- 3Y*
- 2.53%
- 5Y*
- -1.98%
- 10Y*
- -0.22%
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
EXHF.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | -0.61% | 1.93% | 1.59% | 7.50% | -17.55% | -2.72% | 3.54% | 5.31% | 0.83% | 0.06% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between EXHF.DE and DE5A.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.80 |
The correlation between EXHF.DE and DE5A.DE shifts across timeframes, from 0.80 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHF.DE vs. DE5A.DE — Risk / Return Rank
EXHF.DE
DE5A.DE
EXHF.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| EXHF.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.97 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.26 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.58 | +0.29 |
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
| EXHF.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.20 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.49 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | -0.22 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.22 | +0.26 |
Drawdowns
EXHF.DE vs. DE5A.DE - Drawdown Comparison
The maximum EXHF.DE drawdown since its inception was -20.75%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for EXHF.DE and DE5A.DE.
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Drawdown Indicators
| EXHF.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.75% | -24.92% | +4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.13% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -4.45% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -22.78% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -20.75% | -24.92% | +4.17% |
Current DrawdownCurrent decline from peak | -11.58% | -19.43% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -7.30% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.42% | -0.12% |
Volatility
EXHF.DE vs. DE5A.DE - Volatility Comparison
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) has a higher volatility of 1.96% compared to Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) at 1.71%. This indicates that EXHF.DE's price experiences larger fluctuations and is considered to be riskier than DE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHF.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.71% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 3.44% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.19% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 6.45% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 5.37% | -0.33% |
EXHF.DE vs. DE5A.DE - Expense Ratio Comparison
EXHF.DE has a 0.15% expense ratio, which is higher than DE5A.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
EXHF.DE vs. DE5A.DE - Dividend Comparison
EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | 1.61% | 1.74% | 1.03% | 0.51% | 0.63% | 0.62% | 0.66% | 0.75% | 0.75% | 1.51% | 1.87% | 2.45% |
Frequently Asked Questions
With a correlation of 0.93, EXHF.DE and DE5A.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, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for EXHF.DE.
EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EXHF.DE and 0.14% for DE5A.DE.
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