IS0Z.DE vs. 10AK.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and 10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) are both Global Bonds funds - IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond while 10AK.DE tracks the JP Morgan Government Bond Global. Both are passively managed. Over the past 5 years, IS0Z.DE returned -2.11%/yr vs -2.43%/yr for 10AK.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IS0Z.DE vs. 10AK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly higher than 10AK.DE's 0.09% return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
10AK.DE
- 1D
- 0.01%
- 1M
- 0.11%
- YTD
- 0.09%
- 6M
- -0.56%
- 1Y
- -1.76%
- 3Y*
- -1.30%
- 5Y*
- -2.43%
- 10Y*
- —
IS0Z.DE vs. 10AK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 2.72% |
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 0.09% | -5.55% | 2.06% | 0.12% | -12.21% | 1.15% | -0.06% | 8.09% | 5.41% |
Correlation
The correlation between IS0Z.DE and 10AK.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.76 |
The correlation between IS0Z.DE and 10AK.DE shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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
IS0Z.DE vs. 10AK.DE — Risk / Return Rank
IS0Z.DE
10AK.DE
IS0Z.DE vs. 10AK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.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.
| IS0Z.DE | 10AK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.92 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.67 | +0.76 |
| Martin ratioReturn relative to average drawdown | 0.19 | -1.23 | +1.43 |
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
| IS0Z.DE | 10AK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.52 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.37 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.05 | +0.10 |
Drawdowns
IS0Z.DE vs. 10AK.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, roughly equal to the maximum 10AK.DE drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and 10AK.DE.
Loading charts...
Drawdown Indicators
| IS0Z.DE | 10AK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -20.98% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -3.11% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -8.61% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -17.53% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | — | — |
Current DrawdownCurrent decline from peak | -15.06% | -20.12% | +5.06% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -10.25% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.69% | -0.48% |
Volatility
IS0Z.DE vs. 10AK.DE - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a higher volatility of 1.69% compared to Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) at 1.04%. This indicates that IS0Z.DE's price experiences larger fluctuations and is considered to be riskier than 10AK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS0Z.DE | 10AK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.04% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.98% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.00% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.49% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 6.17% | -0.51% |
IS0Z.DE vs. 10AK.DE - Expense Ratio Comparison
Both IS0Z.DE and 10AK.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS0Z.DE vs. 10AK.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, more than 10AK.DE's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 2.62% | 2.63% | 2.07% | 1.79% | 1.61% | 1.39% | 1.68% | 1.82% | 0.58% | 0.00% | 0.00% | 0.00% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
Frequently Asked Questions
IS0Z.DE and 10AK.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS0Z.DE and 10AK.DE have the same expense ratio: 0.20% per year.
IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while 10AK.DE tracks JP Morgan Government Bond Global. They also come from different issuers: iShares and Amundi.
Find the right allocation for IS0Z.DE and 10AK.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