NADB.DE vs. UEFI.DE

Last updated Jul 18, 2026

NADB.DE (Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)) and UEFI.DE (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - NADB.DE tracks the Bloomberg Euro Treasury 50bn 10-15 Year Bond Index while UEFI.DE tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, NADB.DE returned -4.00%/yr vs -0.84%/yr for UEFI.DE. At a 0.45 correlation, their price movements are largely independent. NADB.DE charges 0.15%/yr vs 0.05%/yr for UEFI.DE.

Performance

NADB.DE vs. UEFI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NADB.DE achieves a -0.67% return, which is significantly lower than UEFI.DE's 3.01% return.

NADB.DE

• 1D: 0.30%
• 1M: -1.91%
• 6M: -1.24%
• YTD: -0.67%
• 1Y: 0.13%
• 3Y*: 2.04%
• 5Y*: -4.00%
• 10Y*: —

UEFI.DE

• 1D: 0.18%
• 1M: 1.38%
• 6M: 1.78%
• YTD: 3.01%
• 1Y: 4.54%
• 3Y*: 1.91%
• 5Y*: -0.84%
• 10Y*: 0.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NADB.DE vs. UEFI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)	-0.67%	0.65%	1.08%	10.32%	-25.16%	-4.32%	2.06%
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.01%	-4.76%	5.09%	-0.05%	-9.74%	5.04%	-4.94%

Correlation

The correlation between NADB.DE and UEFI.DE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.45

The correlation between NADB.DE and UEFI.DE shifts across timeframes, from -0.10 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NADB.DE vs. UEFI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NADB.DE

NADB.DE Risk / Return Rank: 10
NADB.DE Sharpe Ratio Rank: 11
NADB.DE Sortino Ratio Rank: 10
NADB.DE Omega Ratio Rank: 9
NADB.DE Calmar Ratio Rank: 11
NADB.DE Martin Ratio Rank: 11

UEFI.DE

UEFI.DE Risk / Return Rank: 30
UEFI.DE Sharpe Ratio Rank: 31
UEFI.DE Sortino Ratio Rank: 30
UEFI.DE Omega Ratio Rank: 28
UEFI.DE Calmar Ratio Rank: 30
UEFI.DE Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NADB.DE vs. UEFI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.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.

	NADB.DE	UEFI.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.02	0.88	-0.86
Sortino ratio: Return per unit of downside risk	0.07	1.33	-1.25
Omega ratio: Gain probability vs. loss probability	1.01	1.16	-0.15
Calmar ratio: Return relative to maximum drawdown	0.03	1.16	-1.13
Martin ratio: Return relative to average drawdown	0.07	3.03	-2.96

NADB.DE vs. UEFI.DE - Sharpe Ratio Comparison

The current NADB.DE Sharpe Ratio is 0.02, which is lower than the UEFI.DE Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of NADB.DE and UEFI.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NADB.DE vs. UEFI.DE - Drawdown Comparison

The maximum NADB.DE drawdown since its inception was -30.03%, smaller than the maximum UEFI.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for NADB.DE and UEFI.DE.

Drawdown Indicators

	NADB.DE	UEFI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.03%	-33.55%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-3.91%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-6.93%	-10.74%	+3.81%
Max Drawdown (5Y) Largest decline over 5 years	-29.32%	-15.68%	-13.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.74%	—
Current Drawdown Current decline from peak	-20.51%	-15.35%	-5.16%
Average Drawdown Average peak-to-trough decline	-17.35%	-14.52%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.49%	+0.54%

Volatility

NADB.DE vs. UEFI.DE - Volatility Comparison

Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) has a higher volatility of 1.85% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.DE) at 1.10%. This indicates that NADB.DE's price experiences larger fluctuations and is considered to be riskier than UEFI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NADB.DE	UEFI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	1.10%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	5.35%	3.67%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	6.43%	5.25%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.15%	8.87%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.63%	15.11%	-6.48%

NADB.DE vs. UEFI.DE - Expense Ratio Comparison

NADB.DE has a 0.15% expense ratio, which is higher than UEFI.DE's 0.05% 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

NADB.DE vs. UEFI.DE - Dividend Comparison

NADB.DE's dividend yield for the trailing twelve months is around 2.68%, less than UEFI.DE's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)	2.68%	2.66%	2.37%	2.10%	2.86%	2.20%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.03%	2.22%	2.44%	2.79%	1.42%	0.98%	2.00%	2.11%	2.73%	1.95%	0.85%	0.88%

Frequently Asked Questions

Can I hold both NADB.DE and UEFI.DE in my portfolio?

NADB.DE and UEFI.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NADB.DE or UEFI.DE?

On fees, UEFI.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NADB.DE or UEFI.DE?

UEFI.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for NADB.DE.

What is the main difference between NADB.DE and UEFI.DE?

NADB.DE tracks Bloomberg Euro Treasury 50bn 10-15 Year Bond Index, while UEFI.DE tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.15% for NADB.DE and 0.05% for UEFI.DE.