KX1G.DE vs. EL4S.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.22%/yr vs -0.20%/yr for EL4S.DE. At a 0.41 correlation, their price movements are largely independent. KX1G.DE charges 0.14%/yr vs 0.15%/yr for EL4S.DE.
Performance
KX1G.DE vs. EL4S.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 higher than EL4S.DE's 0.11% return. Over the past 10 years, KX1G.DE has outperformed EL4S.DE with an annualized return of 0.22%, while EL4S.DE has yielded a comparatively lower -0.20% 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%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.11%
- 6M
- 0.14%
- 1Y
- 0.60%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
KX1G.DE vs. EL4S.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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
Correlation
The correlation between KX1G.DE and EL4S.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.41 |
Over the past year, KX1G.DE and EL4S.DE have become more correlated (0.63) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
KX1G.DE vs. EL4S.DE — Risk / Return Rank
KX1G.DE
EL4S.DE
KX1G.DE vs. EL4S.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 Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.58 | -0.46 |
| Martin ratioReturn relative to average drawdown | 0.34 | 1.87 | -1.53 |
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 | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.54 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.24 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | -0.18 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.30 | +0.71 |
Drawdowns
KX1G.DE vs. EL4S.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and EL4S.DE.
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Drawdown Indicators
| KX1G.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -13.04% | -9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -1.03% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -1.03% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -5.86% | -15.73% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -9.46% | -12.97% |
Current DrawdownCurrent decline from peak | -12.10% | -6.04% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -5.87% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.32% | +1.02% |
Volatility
KX1G.DE vs. EL4S.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) has a higher volatility of 1.76% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that KX1G.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KX1G.DE | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 0.44% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 0.97% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 1.10% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 1.46% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 1.12% | +4.82% |
KX1G.DE vs. EL4S.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is lower than EL4S.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
KX1G.DE vs. EL4S.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while EL4S.DE's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
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
KX1G.DE and EL4S.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.15% for EL4S.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.14% for KX1G.DE and 0.15% for EL4S.DE.
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