KX1G.DE vs. VGEA.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, KX1G.DE returned -1.81%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.91 suggests significant overlap in exposure. KX1G.DE charges 0.14%/yr vs 0.07%/yr for VGEA.DE.
Performance
KX1G.DE vs. VGEA.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 VGEA.DE's 0.11% 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%
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
KX1G.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 7.79% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between KX1G.DE and VGEA.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.91 |
The correlation between KX1G.DE and VGEA.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
KX1G.DE vs. VGEA.DE — Risk / Return Rank
KX1G.DE
VGEA.DE
KX1G.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| 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 | -0.04 | +0.37 |
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 | VGEA.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 | -0.35 | +0.08 |
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 | -0.10 | +0.50 |
Drawdowns
KX1G.DE vs. VGEA.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, roughly equal to the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and VGEA.DE.
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Drawdown Indicators
| KX1G.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -22.34% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.44% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.00% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.47% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -12.10% | -13.91% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -10.30% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.33% | +0.01% |
Volatility
KX1G.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that KX1G.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.67% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.62% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.33% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.39% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 5.86% | +0.08% |
KX1G.DE vs. VGEA.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is higher than VGEA.DE's 0.07% 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. VGEA.DE - Dividend Comparison
Neither KX1G.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, KX1G.DE and VGEA.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, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.14% for KX1G.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.14% for KX1G.DE and 0.07% for VGEA.DE.
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