IS0M.DE vs. KX1G.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 0.22%/yr for KX1G.DE. Their correlation of 0.84 suggests significant overlap in exposure. IS0M.DE charges 0.20%/yr vs 0.14%/yr for KX1G.DE.
Performance
IS0M.DE vs. KX1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than KX1G.DE's 0.22% return. Over the past 10 years, IS0M.DE has outperformed KX1G.DE with an annualized return of 0.92%, while KX1G.DE has yielded a comparatively lower 0.22% 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%
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%
IS0M.DE vs. KX1G.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% |
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 IS0M.DE and KX1G.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2012 | 0.84 |
The correlation between IS0M.DE and KX1G.DE shifts across timeframes, from 0.84 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0M.DE vs. KX1G.DE — Risk / Return Rank
IS0M.DE
KX1G.DE
IS0M.DE vs. KX1G.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 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.
| IS0M.DE | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.13 | +0.07 |
| Martin ratioReturn relative to average drawdown | 0.58 | 0.34 | +0.25 |
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 | KX1G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.10 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.27 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.04 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.08 |
Drawdowns
IS0M.DE vs. KX1G.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, smaller than the maximum KX1G.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and KX1G.DE.
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Drawdown Indicators
| IS0M.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -22.43% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -3.54% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.22% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -21.59% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -22.43% | +1.35% |
Current DrawdownCurrent decline from peak | -6.33% | -12.10% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -6.69% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.34% | +0.09% |
Volatility
IS0M.DE vs. KX1G.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 Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) at 1.76%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier 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
| IS0M.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.76% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 3.80% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 4.57% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 6.66% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 5.94% | +0.79% |
IS0M.DE vs. KX1G.DE - Expense Ratio Comparison
IS0M.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
IS0M.DE vs. KX1G.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, while KX1G.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 0.92, IS0M.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 IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, 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 IS0M.DE and 0.14% for KX1G.DE.
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