MTDD.DE vs. VGEB.DE
MTDD.DE (Amundi Euro Government Bond 7-10Y UCITS ETF Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - MTDD.DE tracks the Bloomberg Euro Treasury 50bn 7-10 Year Bond while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, MTDD.DE returned -2.13%/yr vs -2.17%/yr for VGEB.DE. Their correlation of 0.94 suggests significant overlap in exposure. MTDD.DE charges 0.17%/yr vs 0.07%/yr for VGEB.DE.
Performance
MTDD.DE vs. VGEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MTDD.DE achieves a 0.11% return, which is significantly lower than VGEB.DE's 0.13% return.
MTDD.DE
- 1D
- 0.04%
- 1M
- -0.00%
- YTD
- 0.11%
- 6M
- 0.13%
- 1Y
- 0.75%
- 3Y*
- 2.73%
- 5Y*
- -2.13%
- 10Y*
- -0.01%
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
MTDD.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 0.11% | 1.75% | 1.15% | 8.48% | -19.28% | -2.83% | 3.93% | 6.98% | 1.40% | 0.07% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 7.05% | 1.21% | -0.03% |
Correlation
The correlation between MTDD.DE and VGEB.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.94 |
The correlation between MTDD.DE and VGEB.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
MTDD.DE vs. VGEB.DE — Risk / Return Rank
MTDD.DE
VGEB.DE
MTDD.DE vs. VGEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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.
| MTDD.DE | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | -0.03 | +0.08 |
| Martin ratioReturn relative to average drawdown | 0.16 | -0.06 | +0.22 |
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
| MTDD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.02 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | -0.34 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.03 | +0.47 |
Drawdowns
MTDD.DE vs. VGEB.DE - Drawdown Comparison
The maximum MTDD.DE drawdown since its inception was -22.48%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for MTDD.DE and VGEB.DE.
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Drawdown Indicators
| MTDD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -22.15% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -3.43% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.05% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.18% | -21.25% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.48% | — | — |
Current DrawdownCurrent decline from peak | -12.65% | -13.65% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -8.83% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.35% | +0.18% |
Volatility
MTDD.DE vs. VGEB.DE - Volatility Comparison
Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) has a higher volatility of 2.06% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) at 1.63%. This indicates that MTDD.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTDD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.63% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 3.47% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 4.16% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 6.32% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 5.52% | +0.55% |
MTDD.DE vs. VGEB.DE - Expense Ratio Comparison
MTDD.DE has a 0.17% expense ratio, which is higher than VGEB.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
MTDD.DE vs. VGEB.DE - Dividend Comparison
MTDD.DE's dividend yield for the trailing twelve months is around 2.68%, less than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 2.68% | 2.68% | 1.85% | 1.25% | 1.45% | 1.74% | 1.68% | 0.83% | 0.77% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.97, MTDD.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.17% for MTDD.DE.
MTDD.DE tracks Bloomberg Euro Treasury 50bn 7-10 Year Bond, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.17% for MTDD.DE and 0.07% for VGEB.DE.
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