VGEA.DE vs. EAH.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds - VGEA.DE tracks the Bloomberg Euro Aggregate Treasury while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 5 years, VGEA.DE returned -1.94%/yr vs -5.48%/yr for EAH.DE. With a 0.97 correlation, they move nearly in lockstep. VGEA.DE charges 0.07%/yr vs 0.20%/yr for EAH.DE.
Performance
VGEA.DE vs. EAH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEA.DE achieves a 1.25% return, which is significantly lower than EAH.DE's 1.55% return.
VGEA.DE
- 1D
- 0.08%
- 1M
- 0.87%
- YTD
- 1.25%
- 6M
- 1.42%
- 1Y
- 1.29%
- 3Y*
- 2.50%
- 5Y*
- -1.94%
- 10Y*
- —
EAH.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.55%
- 6M
- 1.73%
- 1Y
- 0.28%
- 3Y*
- 1.13%
- 5Y*
- -5.48%
- 10Y*
- —
VGEA.DE vs. EAH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 1.25% | 0.67% | 1.54% | 6.93% | -18.29% | -0.11% |
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 1.55% | -2.11% | -0.57% | 8.84% | -30.65% | 1.11% |
Correlation
The correlation between VGEA.DE and EAH.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.97 |
The correlation between VGEA.DE and EAH.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
VGEA.DE vs. EAH.DE — Risk / Return Rank
VGEA.DE
EAH.DE
VGEA.DE vs. EAH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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.
| VGEA.DE | EAH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.06 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.96 | 0.13 | +0.82 |
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Drawdowns
VGEA.DE vs. EAH.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.35%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and EAH.DE.
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Drawdown Indicators
| VGEA.DE | EAH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -36.30% | +13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -4.72% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -7.80% | +3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -36.30% | +14.82% |
Current DrawdownCurrent decline from peak | -12.92% | -28.52% | +15.60% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -25.33% | +14.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.11% | -0.76% |
Volatility
VGEA.DE vs. EAH.DE - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.03%, while Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a volatility of 1.69%. This indicates that VGEA.DE experiences smaller price fluctuations and is considered to be less risky than EAH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | EAH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.69% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 5.31% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 6.50% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 10.79% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 10.79% | -4.87% |
VGEA.DE vs. EAH.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than EAH.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGEA.DE vs. EAH.DE - Dividend Comparison
Neither VGEA.DE nor EAH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, VGEA.DE and EAH.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, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EAH.DE.
VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while EAH.DE tracks Solactive Euro Government Green Bond. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.07% for VGEA.DE and 0.20% for EAH.DE.
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