KX1G.DE vs. IBCA.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.22%/yr vs 0.36%/yr for IBCA.DE. A 0.62 correlation means they provide meaningful diversification when combined. KX1G.DE charges 0.14%/yr vs 0.15%/yr for IBCA.DE.
Performance
KX1G.DE vs. IBCA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KX1G.DE achieves a 0.22% return, which is significantly higher than IBCA.DE's 0.16% return. Over the past 10 years, KX1G.DE has underperformed IBCA.DE with an annualized return of 0.22%, while IBCA.DE has yielded a comparatively higher 0.36% 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%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.16%
- 6M
- 0.27%
- 1Y
- 0.96%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
KX1G.DE vs. IBCA.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% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
Correlation
The correlation between KX1G.DE and IBCA.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.62 |
The correlation between KX1G.DE and IBCA.DE shifts across timeframes, from 0.62 (all time) to 0.81 (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
KX1G.DE vs. IBCA.DE — Risk / Return Rank
KX1G.DE
IBCA.DE
KX1G.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.15 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.84 | -0.71 |
| Martin ratioReturn relative to average drawdown | 0.34 | 2.70 | -2.36 |
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
| KX1G.DE | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.71 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.52 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.09 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.25 | +0.16 |
Drawdowns
KX1G.DE vs. IBCA.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and IBCA.DE.
Loading charts...
Drawdown Indicators
| KX1G.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -8.31% | -14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -1.14% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -1.14% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -5.21% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -8.31% | -14.12% |
Current DrawdownCurrent decline from peak | -12.10% | -0.45% | -11.65% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -1.03% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.36% | +0.98% |
Volatility
KX1G.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that KX1G.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KX1G.DE | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 0.64% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 1.27% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 1.36% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 1.55% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 3.81% | +2.13% |
KX1G.DE vs. IBCA.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is lower than IBCA.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. IBCA.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while IBCA.DE's dividend yield for the trailing twelve months is around 2.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
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 IBCA.DE have a correlation of 0.73, 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 IBCA.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for KX1G.DE and 0.15% for IBCA.DE.
Find the right allocation for KX1G.DE and IBCA.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