IS0L.DE vs. KX1G.DE
IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - IS0L.DE tracks the Bloomberg Euro Treasury Germany while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 10 years, IS0L.DE returned -1.31%/yr vs 0.22%/yr for KX1G.DE. A 0.66 correlation means they provide meaningful diversification when combined. IS0L.DE charges 0.20%/yr vs 0.14%/yr for KX1G.DE.
Performance
IS0L.DE vs. KX1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0L.DE achieves a -0.09% return, which is significantly lower than KX1G.DE's 0.22% return. Over the past 10 years, IS0L.DE has underperformed KX1G.DE with an annualized return of -1.31%, while KX1G.DE has yielded a comparatively higher 0.22% annualized return.
IS0L.DE
- 1D
- 0.09%
- 1M
- 0.49%
- YTD
- -0.09%
- 6M
- -0.46%
- 1Y
- -1.42%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
KX1G.DE
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 0.22%
- 6M
- 0.10%
- 1Y
- 0.45%
- 3Y*
- 3.02%
- 5Y*
- -1.81%
- 10Y*
- 0.22%
IS0L.DE vs. KX1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
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 IS0L.DE and KX1G.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.66 |
Over the past year, IS0L.DE and KX1G.DE have become more correlated (0.91) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
IS0L.DE vs. KX1G.DE — Risk / Return Rank
IS0L.DE
KX1G.DE
IS0L.DE vs. KX1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.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.
| IS0L.DE | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.13 | -0.61 |
| Martin ratioReturn relative to average drawdown | -1.02 | 0.34 | -1.36 |
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
| IS0L.DE | KX1G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.10 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.27 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.04 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.41 | -0.44 |
Drawdowns
IS0L.DE vs. KX1G.DE - Drawdown Comparison
The maximum IS0L.DE drawdown since its inception was -23.96%, which is greater than KX1G.DE's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for IS0L.DE and KX1G.DE.
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Drawdown Indicators
| IS0L.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -22.43% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.54% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -4.22% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -21.59% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -22.43% | -1.53% |
Current DrawdownCurrent decline from peak | -19.49% | -12.10% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -6.69% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.34% | +0.05% |
Volatility
IS0L.DE vs. KX1G.DE - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) is 1.37%, while Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) has a volatility of 1.76%. This indicates that IS0L.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.
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Volatility by Period
| IS0L.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.76% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.80% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.57% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 6.66% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.94% | -0.67% |
IS0L.DE vs. KX1G.DE - Expense Ratio Comparison
IS0L.DE has a 0.20% 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
IS0L.DE vs. KX1G.DE - Dividend Comparison
IS0L.DE's dividend yield for the trailing twelve months is around 2.19%, while KX1G.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
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
With a correlation of 0.91, IS0L.DE and KX1G.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, 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 0.20% for IS0L.DE.
IS0L.DE tracks Bloomberg Euro Treasury Germany, 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: 0.20% for IS0L.DE and 0.14% for KX1G.DE.
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