X1GD.DE vs. DE5A.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds from Amundi - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 1.26%/yr for DE5A.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.14% expense ratio.
Performance
X1GD.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X1GD.DE achieves a -0.11% return, which is significantly lower than DE5A.DE's -0.08% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
DE5A.DE
- 1D
- -0.03%
- 1M
- -0.84%
- 6M
- -0.63%
- YTD
- -0.08%
- 1Y
- -0.11%
- 3Y*
- 1.26%
- 5Y*
- -3.53%
- 10Y*
- -1.40%
X1GD.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
X1GD.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist | -0.11% | 1.19% | 2.68% | 7.59% | -18.37% | -1.99% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | -0.08% | -0.65% | -0.40% | 5.80% | -19.06% | -1.75% |
Correlation
The correlation between X1GD.DE and DE5A.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.97 |
The correlation between X1GD.DE and DE5A.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. DE5A.DE — Risk / Return Rank
X1GD.DE
DE5A.DE
X1GD.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| X1GD.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.03 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.07 | +0.77 |
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Drawdowns
X1GD.DE vs. DE5A.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and DE5A.DE.
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Drawdown Indicators
| X1GD.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -24.92% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.13% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.45% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.92% | — |
Current DrawdownCurrent decline from peak | -10.86% | -19.71% | +8.85% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -7.26% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.44% | -0.01% |
Volatility
X1GD.DE vs. DE5A.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.23% and 1.19%, 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
| X1GD.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.19% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.54% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.22% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.46% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 5.36% | +1.26% |
X1GD.DE vs. DE5A.DE - Expense Ratio Comparison
Both X1GD.DE and DE5A.DE have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
X1GD.DE vs. DE5A.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X1GD.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist | 2.58% | 2.58% | 2.32% | 2.20% | 2.38% | 1.48% |
Frequently Asked Questions
With a correlation of 0.98, X1GD.DE and DE5A.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.
Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X1GD.DE and DE5A.DE have the same expense ratio: 0.14% per year.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond.
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