IBCN.DE vs. KX1G.DE
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - IBCN.DE tracks the Bloomberg Euro Government Bond 5 while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 10 years, IBCN.DE returned 0.17%/yr vs 0.22%/yr for KX1G.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBCN.DE charges 0.15%/yr vs 0.14%/yr for KX1G.DE.
Performance
IBCN.DE vs. KX1G.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than KX1G.DE's 0.22% return. Over the past 10 years, IBCN.DE has underperformed KX1G.DE with an annualized return of 0.17%, while KX1G.DE has yielded a comparatively higher 0.22% annualized return.
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.05%
- 6M
- -0.06%
- 1Y
- 0.68%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
KX1G.DE
- 1D
- 0.13%
- 1M
- 0.03%
- YTD
- 0.22%
- 6M
- 0.15%
- 1Y
- 0.78%
- 3Y*
- 3.02%
- 5Y*
- -1.81%
- 10Y*
- 0.22%
IBCN.DE vs. KX1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% | 1.69% | 0.69% | 0.45% |
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 0.22% | 1.21% | 2.65% | 7.57% | -18.42% | -3.38% | 5.42% | 8.82% | 0.15% | 0.54% |
Correlation
The correlation between IBCN.DE and KX1G.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.75 |
The correlation between IBCN.DE and KX1G.DE shifts across timeframes, from 0.75 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCN.DE vs. KX1G.DE — Risk / Return Rank
IBCN.DE
KX1G.DE
IBCN.DE vs. KX1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) and Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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.
| IBCN.DE | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.13 | +0.02 |
| Martin ratioReturn relative to average drawdown | 0.40 | 0.34 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCN.DE | KX1G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.10 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.27 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.04 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.41 | +0.05 |
Drawdowns
IBCN.DE vs. KX1G.DE - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum KX1G.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and KX1G.DE.
Loading charts...
Drawdown Indicators
| IBCN.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -22.43% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.54% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.22% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -21.59% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -22.43% | +9.91% |
Current DrawdownCurrent decline from peak | -2.93% | -12.10% | +9.17% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -6.69% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.34% | -0.48% |
Volatility
IBCN.DE vs. KX1G.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) has a volatility of 1.76%. This indicates that IBCN.DE experiences smaller price fluctuations and is considered to be less risky than KX1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCN.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.76% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.80% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 4.57% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.66% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 5.94% | -2.98% |
IBCN.DE vs. KX1G.DE - Expense Ratio Comparison
IBCN.DE has a 0.15% expense ratio, which is higher than KX1G.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
IBCN.DE vs. KX1G.DE - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, while KX1G.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
KX1G.DE Amundi Government Bond Lowest 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% |
Frequently Asked Questions
IBCN.DE and KX1G.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KX1G.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KX1G.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for IBCN.DE.
IBCN.DE tracks Bloomberg Euro Government Bond 5, while KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBCN.DE and 0.14% for KX1G.DE.
Find the right allocation for IBCN.DE and KX1G.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer