NADB.DE vs. XBO2.DE
NADB.DE (Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - NADB.DE tracks the Bloomberg Euro Treasury 50bn 10-15 Year Bond Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 5 years, NADB.DE returned -4.00%/yr vs 1.73%/yr for XBO2.DE. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
NADB.DE vs. XBO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NADB.DE achieves a -0.67% return, which is significantly lower than XBO2.DE's 0.65% 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*
- —
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
NADB.DE vs. XBO2.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% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.13% |
Correlation
The correlation between NADB.DE and XBO2.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.24 |
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Return for Risk
NADB.DE vs. XBO2.DE — Risk / Return Rank
NADB.DE
XBO2.DE
NADB.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.54 | -1.51 |
| Martin ratioReturn relative to average drawdown | 0.07 | 4.21 | -4.15 |
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Drawdowns
NADB.DE vs. XBO2.DE - Drawdown Comparison
The maximum NADB.DE drawdown since its inception was -30.03%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for NADB.DE and XBO2.DE.
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Drawdown Indicators
| NADB.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.03% | -3.92% | -26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -1.12% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -1.12% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.32% | -1.31% | -28.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.77% | — |
Current DrawdownCurrent decline from peak | -20.51% | -0.58% | -19.93% |
Average DrawdownAverage peak-to-trough decline | -17.35% | -0.71% | -16.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.41% | +1.62% |
Volatility
NADB.DE vs. XBO2.DE - Volatility Comparison
Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) has a higher volatility of 1.85% compared to Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) at 1.48%. This indicates that NADB.DE's price experiences larger fluctuations and is considered to be riskier than XBO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NADB.DE | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.48% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 5.35% | 2.61% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 3.29% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 1.53% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.63% | 1.64% | +6.99% |
NADB.DE vs. XBO2.DE - Expense Ratio Comparison
Both NADB.DE and XBO2.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NADB.DE vs. XBO2.DE - Dividend Comparison
NADB.DE's dividend yield for the trailing twelve months is around 2.68%, while XBO2.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) | 2.68% | 2.66% | 2.37% | 2.10% | 2.86% | 2.20% | 0.93% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NADB.DE and XBO2.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NADB.DE and XBO2.DE have the same expense ratio: 0.15% per year.
NADB.DE tracks Bloomberg Euro Treasury 50bn 10-15 Year Bond Index, while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: Amundi and Xtrackers.
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