IS0M.DE vs. DE5A.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs -1.18%/yr for DE5A.DE. A 0.59 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.14%/yr for DE5A.DE.
Performance
IS0M.DE vs. DE5A.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, IS0M.DE has outperformed DE5A.DE with an annualized return of 0.92%, while DE5A.DE has yielded a comparatively lower -1.18% annualized return.
IS0M.DE
- 1D
- 0.01%
- 1M
- 0.82%
- YTD
- -0.32%
- 6M
- -0.34%
- 1Y
- 0.84%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
DE5A.DE
- 1D
- 0.08%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- 0.04%
- 1Y
- -0.83%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
IS0M.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | -1.48% | 0.31% |
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 IS0M.DE and DE5A.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.59 |
Over the past year, IS0M.DE and DE5A.DE have become more correlated (0.94) than their long-term average of 0.59, meaning their price movements have been converging.
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
IS0M.DE vs. DE5A.DE — Risk / Return Rank
IS0M.DE
DE5A.DE
IS0M.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.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.
| IS0M.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.26 | +0.46 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.58 | +1.16 |
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
| IS0M.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.20 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.49 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | -0.22 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.22 | +0.26 |
Drawdowns
IS0M.DE vs. DE5A.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and DE5A.DE.
Loading charts...
Drawdown Indicators
| IS0M.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -24.92% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -3.13% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.45% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -22.78% | +1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -24.92% | +3.84% |
Current DrawdownCurrent decline from peak | -6.33% | -19.43% | +13.10% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -7.30% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
IS0M.DE vs. DE5A.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) at 1.71%. This indicates that IS0M.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.
Loading charts...
Volatility by Period
| IS0M.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.71% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 3.44% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 4.19% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 6.45% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 5.37% | +1.36% |
IS0M.DE vs. DE5A.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% 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
IS0M.DE vs. DE5A.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, 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% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
Frequently Asked Questions
With a correlation of 0.94, IS0M.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 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0M.DE and 0.14% for DE5A.DE.
Find the right allocation for IS0M.DE and DE5A.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