KX1G.DE vs. SYBG.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.23%/yr vs -1.64%/yr for SYBG.DE. At a 0.42 correlation, their price movements are largely independent. KX1G.DE charges 0.14%/yr vs 0.15%/yr for SYBG.DE.
Performance
KX1G.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KX1G.DE achieves a 1.41% return, which is significantly lower than SYBG.DE's 1.73% return. Over the past 10 years, KX1G.DE has outperformed SYBG.DE with an annualized return of 0.23%, while SYBG.DE has yielded a comparatively lower -1.64% annualized return.
KX1G.DE
- 1D
- 0.07%
- 1M
- 0.98%
- YTD
- 1.41%
- 6M
- 1.53%
- 1Y
- 1.80%
- 3Y*
- 3.18%
- 5Y*
- -1.54%
- 10Y*
- 0.23%
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
KX1G.DE vs. SYBG.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 | 1.41% | 1.21% | 2.65% | 7.57% | -18.38% | -3.42% | 5.42% | 8.82% | 0.42% | 0.27% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
Correlation
The correlation between KX1G.DE and SYBG.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.42 |
Over the past year, KX1G.DE and SYBG.DE have become more correlated (0.67) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
KX1G.DE vs. SYBG.DE — Risk / Return Rank
KX1G.DE
SYBG.DE
KX1G.DE vs. SYBG.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 SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KX1G.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.33 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.32 | 0.77 | +0.55 |
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Drawdowns
KX1G.DE vs. SYBG.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and SYBG.DE.
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Drawdown Indicators
| KX1G.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -36.66% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -5.42% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -8.78% | +4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -36.25% | +14.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -36.66% | +14.23% |
Current DrawdownCurrent decline from peak | -11.05% | -26.43% | +15.38% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -13.42% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.08% | -0.72% |
Volatility
KX1G.DE vs. SYBG.DE - Volatility Comparison
The current volatility for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) is 1.15%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 1.73%. This indicates that KX1G.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.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 | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.73% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 6.10% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 8.13% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 11.76% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 13.84% | -8.15% |
KX1G.DE vs. SYBG.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is lower than SYBG.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. SYBG.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while SYBG.DE's dividend yield for the trailing twelve months is around 3.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
KX1G.DE and SYBG.DE have a correlation of 0.67, 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 SYBG.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.14% for KX1G.DE and 0.15% for SYBG.DE.
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