KX1G.DE vs. DE5A.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds from Amundi - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.22%/yr vs -1.18%/yr for DE5A.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.14% expense ratio.
Performance
KX1G.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KX1G.DE achieves a 0.22% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, KX1G.DE has outperformed DE5A.DE with an annualized return of 0.22%, while DE5A.DE has yielded a comparatively lower -1.18% annualized return.
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%
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%
KX1G.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 KX1G.DE and DE5A.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.68 |
Over the past year, KX1G.DE and DE5A.DE have become more correlated (0.95) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
KX1G.DE vs. DE5A.DE — Risk / Return Rank
KX1G.DE
DE5A.DE
KX1G.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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.
| KX1G.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.26 | +0.39 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.58 | +0.92 |
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
| KX1G.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.20 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.49 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | -0.22 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.22 | +0.18 |
Drawdowns
KX1G.DE vs. DE5A.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and DE5A.DE.
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Drawdown Indicators
| KX1G.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -24.92% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.13% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.45% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -22.78% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -24.92% | +2.49% |
Current DrawdownCurrent decline from peak | -12.10% | -19.43% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -7.30% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.42% | -0.08% |
Volatility
KX1G.DE vs. DE5A.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.76% and 1.71%, 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
| KX1G.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.71% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.44% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.19% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.45% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 5.37% | +0.57% |
KX1G.DE vs. DE5A.DE - Expense Ratio Comparison
Both KX1G.DE and DE5A.DE have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
KX1G.DE vs. DE5A.DE - Dividend Comparison
Neither KX1G.DE nor DE5A.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, KX1G.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.
Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
KX1G.DE and DE5A.DE have the same expense ratio: 0.14% per year.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond.
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