KX1G.DE vs. XY4P.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both European Government Bonds funds - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 10 years, KX1G.DE returned 0.22%/yr vs 0.56%/yr for XY4P.DE. Their correlation of 0.80 suggests significant overlap in exposure. KX1G.DE charges 0.14%/yr vs 0.15%/yr for XY4P.DE.
Performance
KX1G.DE vs. XY4P.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 XY4P.DE's -0.03% return. Over the past 10 years, KX1G.DE has underperformed XY4P.DE with an annualized return of 0.22%, while XY4P.DE has yielded a comparatively higher 0.56% 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%
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
KX1G.DE vs. XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
Correlation
The correlation between KX1G.DE and XY4P.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 (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.80 |
The correlation between KX1G.DE and XY4P.DE shifts across timeframes, from 0.80 (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. XY4P.DE — Risk / Return Rank
KX1G.DE
XY4P.DE
KX1G.DE vs. XY4P.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 Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.07 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.19 | +0.14 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.06 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.20 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.09 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.40 | +0.01 |
Drawdowns
KX1G.DE vs. XY4P.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, which is greater than XY4P.DE's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and XY4P.DE.
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Drawdown Indicators
| KX1G.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -20.52% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.95% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.07% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -20.11% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -20.52% | -1.91% |
Current DrawdownCurrent decline from peak | -12.10% | -9.19% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -5.49% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.43% | -0.09% |
Volatility
KX1G.DE vs. XY4P.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) and Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) have volatilities of 1.76% and 1.77%, 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 | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.77% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.88% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.57% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.49% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 6.49% | -0.55% |
KX1G.DE vs. XY4P.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% expense ratio, which is lower than XY4P.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. XY4P.DE - Dividend Comparison
Neither KX1G.DE nor XY4P.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, KX1G.DE and XY4P.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 XY4P.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for KX1G.DE and 0.15% for XY4P.DE.
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