KX1G.DE vs. IBCM.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.22%/yr vs -0.17%/yr for IBCM.DE. A 0.75 correlation means they provide meaningful diversification when combined. KX1G.DE charges 0.14%/yr vs 0.15%/yr for IBCM.DE.
Performance
KX1G.DE vs. IBCM.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 IBCM.DE's 0.27% return. Over the past 10 years, KX1G.DE has outperformed IBCM.DE with an annualized return of 0.22%, while IBCM.DE has yielded a comparatively lower -0.17% 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%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
KX1G.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between KX1G.DE and IBCM.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010 | 0.75 |
The correlation between KX1G.DE and IBCM.DE shifts across timeframes, from 0.75 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KX1G.DE vs. IBCM.DE — Risk / Return Rank
KX1G.DE
IBCM.DE
KX1G.DE vs. IBCM.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 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.03 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.08 | +0.25 |
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 | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.03 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.31 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | -0.03 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.59 | -0.18 |
Drawdowns
KX1G.DE vs. IBCM.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, roughly equal to the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and IBCM.DE.
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Drawdown Indicators
| KX1G.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.25% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -4.08% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.53% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -22.90% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -23.25% | +0.82% |
Current DrawdownCurrent decline from peak | -12.10% | -13.71% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -5.23% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.53% | -0.19% |
Volatility
KX1G.DE vs. IBCM.DE - Volatility Comparison
The current volatility for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) is 1.76%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that KX1G.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.94% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 4.20% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 5.00% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 7.39% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 6.03% | -0.09% |
KX1G.DE vs. IBCM.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is lower than IBCM.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. IBCM.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while IBCM.DE's dividend yield for the trailing twelve months is around 2.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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
With a correlation of 0.93, KX1G.DE and IBCM.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, 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 IBCM.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for KX1G.DE and 0.15% for IBCM.DE.
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