IS0M.DE vs. EGV3.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 0.19%/yr for EGV3.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.17%/yr for EGV3.DE.
Performance
IS0M.DE vs. EGV3.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IS0M.DE has outperformed EGV3.DE with an annualized return of 0.92%, while EGV3.DE has yielded a comparatively lower 0.19% annualized return.
IS0M.DE
- 1D
- 0.01%
- 1M
- -0.06%
- YTD
- -0.32%
- 6M
- -0.26%
- 1Y
- 1.11%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
EGV3.DE
- 1D
- 0.04%
- 1M
- 0.01%
- YTD
- 0.00%
- 6M
- 0.11%
- 1Y
- 0.81%
- 3Y*
- 2.53%
- 5Y*
- 0.55%
- 10Y*
- 0.19%
IS0M.DE vs. EGV3.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% |
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | -0.00% | 2.11% | 3.01% | 3.26% | -4.93% | -0.90% | -0.43% | 0.21% | 0.06% | -0.44% |
Correlation
The correlation between IS0M.DE and EGV3.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.72 |
The correlation between IS0M.DE and EGV3.DE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
IS0M.DE vs. EGV3.DE — Risk / Return Rank
IS0M.DE
EGV3.DE
IS0M.DE vs. EGV3.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 Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.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 | EGV3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.54 | -0.35 |
| Martin ratioReturn relative to average drawdown | 0.58 | 1.68 | -1.10 |
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
| IS0M.DE | EGV3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.49 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.32 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.09 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.07 |
Drawdowns
IS0M.DE vs. EGV3.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than EGV3.DE's maximum drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and EGV3.DE.
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Drawdown Indicators
| IS0M.DE | EGV3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -8.42% | -12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -1.20% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -1.20% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -6.05% | -14.80% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -8.42% | -12.66% |
Current DrawdownCurrent decline from peak | -6.33% | -0.56% | -5.77% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -1.56% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.39% | +1.04% |
Volatility
IS0M.DE vs. EGV3.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) at 0.53%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than EGV3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0M.DE | EGV3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.53% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.22% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 1.33% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 1.67% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 2.13% | +4.60% |
IS0M.DE vs. EGV3.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than EGV3.DE's 0.17% 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. EGV3.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, more than EGV3.DE's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | 1.57% | 1.57% | 1.36% | 1.13% | 1.46% | 2.49% | 1.11% | 0.65% | 0.89% | 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
IS0M.DE and EGV3.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGV3.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGV3.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0M.DE and 0.17% for EGV3.DE.
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