IS0P.DE vs. DE5A.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - IS0P.DE tracks the Bloomberg Spain Treasury Bond while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, IS0P.DE returned 0.26%/yr vs -1.40%/yr for DE5A.DE. A 0.66 correlation means they provide meaningful diversification when combined. IS0P.DE charges 0.20%/yr vs 0.14%/yr for DE5A.DE.
Performance
IS0P.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly lower than DE5A.DE's -0.08% return. Over the past 10 years, IS0P.DE has outperformed DE5A.DE with an annualized return of 0.26%, while DE5A.DE has yielded a comparatively lower -1.40% annualized return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
DE5A.DE
- 1D
- -0.03%
- 1M
- -0.84%
- 6M
- -0.63%
- YTD
- -0.08%
- 1Y
- -0.11%
- 3Y*
- 1.26%
- 5Y*
- -3.53%
- 10Y*
- -1.40%
IS0P.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.98% | 8.51% | 2.38% | 0.56% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | -0.08% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between IS0P.DE and DE5A.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 8, 2012 | 0.66 |
Over the past year, IS0P.DE and DE5A.DE have become more correlated (0.93) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
IS0P.DE vs. DE5A.DE — Risk / Return Rank
IS0P.DE
DE5A.DE
IS0P.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS0P.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.03 | +0.41 |
| Martin ratioReturn relative to average drawdown | 0.95 | -0.07 | +1.03 |
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Drawdowns
IS0P.DE vs. DE5A.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and DE5A.DE.
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Drawdown Indicators
| IS0P.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -24.92% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.13% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.45% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -22.78% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | -24.92% | +2.99% |
Current DrawdownCurrent decline from peak | -11.78% | -19.71% | +7.93% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -7.26% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.44% | -0.10% |
Volatility
IS0P.DE vs. DE5A.DE - Volatility Comparison
iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.16% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0P.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.19% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 3.54% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 4.22% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.46% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.36% | +0.13% |
IS0P.DE vs. DE5A.DE - Expense Ratio Comparison
IS0P.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
IS0P.DE vs. DE5A.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, 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% |
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
Frequently Asked Questions
With a correlation of 0.93, IS0P.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 IS0P.DE.
IS0P.DE tracks Bloomberg Spain 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 IS0P.DE and 0.14% for DE5A.DE.
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