UEEG.DE vs. 18M1.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and 18M1.DE (Amundi Euro Government Bond 0-6 M UCITS ETF (Acc)) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while 18M1.DE tracks the FTSE Eurozone Government Bill 0-6 Month Capped Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 1.72%/yr for 18M1.DE. At a 0.07 correlation, their price movements are largely independent. UEEG.DE charges 0.18%/yr vs 0.14%/yr for 18M1.DE.
Performance
UEEG.DE vs. 18M1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than 18M1.DE's 1.00% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
18M1.DE
- 1D
- 0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 1.00%
- 1Y
- 1.87%
- 3Y*
- 2.79%
- 5Y*
- 1.72%
- 10Y*
- 0.52%
UEEG.DE vs. 18M1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 1.00% | 2.05% | 3.53% | 2.89% | -0.42% | -0.78% | -0.21% |
Correlation
The correlation between UEEG.DE and 18M1.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.07 |
The correlation between UEEG.DE and 18M1.DE shifts across timeframes, from 0.01 (3 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UEEG.DE vs. 18M1.DE — Risk / Return Rank
UEEG.DE
18M1.DE
UEEG.DE vs. 18M1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.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.
| UEEG.DE | 18M1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.64 | ||
| Sortino ratioReturn per unit of downside risk | -8.26 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 2.28 | -1.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 28.91 | -28.35 |
| Martin ratioReturn relative to average drawdown | 1.38 | 103.56 | -102.19 |
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Drawdowns
UEEG.DE vs. 18M1.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, which is greater than 18M1.DE's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and 18M1.DE.
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Drawdown Indicators
| UEEG.DE | 18M1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -4.83% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -0.06% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -0.13% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -1.02% | -11.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.31% | — |
Current DrawdownCurrent decline from peak | -5.99% | 0.00% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -1.38% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.02% | +0.92% |
Volatility
UEEG.DE vs. 18M1.DE - Volatility Comparison
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a higher volatility of 0.95% compared to Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) at 0.06%. This indicates that UEEG.DE's price experiences larger fluctuations and is considered to be riskier than 18M1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | 18M1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.06% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 0.28% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 0.37% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 0.39% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 0.48% | +3.55% |
UEEG.DE vs. 18M1.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than 18M1.DE's 0.14% 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
UEEG.DE vs. 18M1.DE - Dividend Comparison
Neither UEEG.DE nor 18M1.DE has paid dividends to shareholders.
Frequently Asked Questions
UEEG.DE and 18M1.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M1.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M1.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while 18M1.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for UEEG.DE and 0.14% for 18M1.DE.
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