KX1G.DE vs. SECD.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, KX1G.DE returned -1.81%/yr vs -2.19%/yr for SECD.DE. With a 0.96 correlation, they move nearly in lockstep. KX1G.DE charges 0.14%/yr vs 0.09%/yr for SECD.DE.
Performance
KX1G.DE vs. SECD.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 SECD.DE's 0.13% 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%
SECD.DE
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.10%
- 1Y
- -0.03%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
KX1G.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 1.46% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between KX1G.DE and SECD.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.97 |
The correlation between KX1G.DE and SECD.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
KX1G.DE vs. SECD.DE — Risk / Return Rank
KX1G.DE
SECD.DE
KX1G.DE vs. SECD.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 Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.01 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.02 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KX1G.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.01 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.34 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.38 | +0.78 |
Drawdowns
KX1G.DE vs. SECD.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, roughly equal to the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and SECD.DE.
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Drawdown Indicators
| KX1G.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -22.04% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.41% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -3.96% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.21% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -12.10% | -13.67% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -12.64% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.33% | +0.01% |
Volatility
KX1G.DE vs. SECD.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) and iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) have volatilities of 1.76% and 1.78%, 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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.78% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.63% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.34% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.28% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 6.02% | -0.08% |
KX1G.DE vs. SECD.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is higher than SECD.DE's 0.09% expense ratio. However, 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. SECD.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while SECD.DE's dividend yield for the trailing twelve months is around 2.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
With a correlation of 0.95, KX1G.DE and SECD.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.14% for KX1G.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for KX1G.DE and 0.09% for SECD.DE.
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