KX1G.DE vs. VGOV.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, KX1G.DE returned -1.81%/yr vs -5.47%/yr for VGOV.DE. A 0.56 correlation means they provide meaningful diversification when combined. KX1G.DE charges 0.14%/yr vs 0.07%/yr for VGOV.DE.
Performance
KX1G.DE vs. VGOV.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 VGOV.DE's -0.51% 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%
VGOV.DE
- 1D
- 0.07%
- 1M
- 1.26%
- YTD
- -0.51%
- 6M
- -0.46%
- 1Y
- -0.68%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
KX1G.DE vs. VGOV.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% | 0.32% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | -0.21% | 5.44% | -30.78% | 1.88% | 2.84% | 13.71% | -1.09% | 2.53% |
Correlation
The correlation between KX1G.DE and VGOV.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.56 |
The correlation between KX1G.DE and VGOV.DE shifts across timeframes, from 0.56 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KX1G.DE vs. VGOV.DE — Risk / Return Rank
KX1G.DE
VGOV.DE
KX1G.DE vs. VGOV.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 UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.13 | +0.25 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.29 | +0.63 |
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 | VGOV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.08 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.42 | +0.15 |
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 | -0.13 | +0.53 |
Drawdowns
KX1G.DE vs. VGOV.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, smaller than the maximum VGOV.DE drawdown of -40.95%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and VGOV.DE.
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Drawdown Indicators
| KX1G.DE | VGOV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -40.95% | +18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -5.37% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -9.01% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -40.45% | +18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -12.10% | -30.35% | +18.25% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -16.60% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.35% | -1.01% |
Volatility
KX1G.DE vs. VGOV.DE - Volatility Comparison
The current volatility for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) is 1.76%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a volatility of 3.34%. This indicates that KX1G.DE experiences smaller price fluctuations and is considered to be less risky than VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 3.34% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 6.15% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 7.99% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 12.87% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 11.86% | -5.92% |
KX1G.DE vs. VGOV.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is higher than VGOV.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. VGOV.DE - Dividend Comparison
KX1G.DE has not paid dividends to shareholders, while VGOV.DE's dividend yield for the trailing twelve months is around 4.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% |
Frequently Asked Questions
KX1G.DE and VGOV.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.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 VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.14% for KX1G.DE and 0.07% for VGOV.DE.
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