NADB.DE vs. VAGT.DE
NADB.DE (Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - NADB.DE tracks the Bloomberg Euro Treasury 50bn 10-15 Year Bond Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, NADB.DE returned 3.02%/yr vs 1.49%/yr for VAGT.DE. At a 0.33 correlation, their price movements are largely independent. NADB.DE charges 0.15%/yr vs 0.05%/yr for VAGT.DE.
Performance
NADB.DE vs. VAGT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NADB.DE achieves a 1.02% return, which is significantly lower than VAGT.DE's 2.94% return.
NADB.DE
- 1D
- -0.07%
- 1M
- 0.85%
- 6M
- 1.51%
- YTD
- 1.02%
- 1Y
- 1.09%
- 3Y*
- 3.02%
- 5Y*
- -3.45%
- 10Y*
- —
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 2.99%
- YTD
- 2.94%
- 1Y
- 6.02%
- 3Y*
- 1.49%
- 5Y*
- —
- 10Y*
- —
NADB.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | 1.02% | 0.65% | 1.08% | 9.64% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.94% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between NADB.DE and VAGT.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.33 |
Over the past year, the correlation between NADB.DE and VAGT.DE has dropped to 0.04 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
NADB.DE vs. VAGT.DE — Risk / Return Rank
NADB.DE
VAGT.DE
NADB.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.51 | -1.30 |
| Martin ratioReturn relative to average drawdown | 0.56 | 3.92 | -3.36 |
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Drawdowns
NADB.DE vs. VAGT.DE - Drawdown Comparison
The maximum NADB.DE drawdown since its inception was -30.03%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for NADB.DE and VAGT.DE.
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Drawdown Indicators
| NADB.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.03% | -11.03% | -19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -4.00% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -11.03% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.32% | — | — |
Current DrawdownCurrent decline from peak | -19.15% | -5.49% | -13.66% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -5.05% | -12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.54% | +0.40% |
Volatility
NADB.DE vs. VAGT.DE - Volatility Comparison
Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) have volatilities of 1.64% and 1.61%, 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
| NADB.DE | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.61% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 3.88% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 5.56% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 7.30% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 7.30% | +1.34% |
NADB.DE vs. VAGT.DE - Expense Ratio Comparison
NADB.DE has a 0.15% expense ratio, which is higher than VAGT.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. VAGT.DE - Dividend Comparison
NADB.DE's dividend yield for the trailing twelve months is around 2.63%, while VAGT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | 2.63% | 2.66% | 2.37% | 2.10% | 2.86% | 2.20% | 0.93% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NADB.DE and VAGT.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for NADB.DE.
NADB.DE tracks Bloomberg Euro Treasury 50bn 10-15 Year Bond Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.15% for NADB.DE and 0.05% for VAGT.DE.
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