X1GD.DE vs. EIB3.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.75%/yr for EIB3.DE. A 0.76 correlation means they provide meaningful diversification when combined. X1GD.DE charges 0.14%/yr vs 0.10%/yr for EIB3.DE.
Performance
X1GD.DE vs. EIB3.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 EIB3.DE's 0.14% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
EIB3.DE
- 1D
- 0.03%
- 1M
- -0.13%
- 6M
- 0.17%
- YTD
- 0.14%
- 1Y
- 0.87%
- 3Y*
- 2.75%
- 5Y*
- 0.66%
- 10Y*
- —
X1GD.DE vs. EIB3.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% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.14% | 2.28% | 3.03% | 3.41% | -4.93% | -0.43% |
Correlation
The correlation between X1GD.DE and EIB3.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.76 |
Over the past year, the correlation between X1GD.DE and EIB3.DE has dropped to 0.36 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
X1GD.DE vs. EIB3.DE — Risk / Return Rank
X1GD.DE
EIB3.DE
X1GD.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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 | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.60 | -0.33 |
| Martin ratioReturn relative to average drawdown | 0.70 | 2.09 | -1.40 |
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Drawdowns
X1GD.DE vs. EIB3.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and EIB3.DE.
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Drawdown Indicators
| X1GD.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -6.78% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -1.43% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -1.43% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.91% | — |
Current DrawdownCurrent decline from peak | -10.86% | -0.39% | -10.47% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -2.01% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.41% | +1.02% |
Volatility
X1GD.DE vs. EIB3.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) has a higher volatility of 1.23% compared to Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 0.81%. This indicates that X1GD.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X1GD.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.81% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 2.07% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 2.39% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 1.93% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 1.73% | +4.89% |
X1GD.DE vs. EIB3.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is higher than EIB3.DE's 0.10% 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
X1GD.DE vs. EIB3.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, more than EIB3.DE's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.34% | 2.51% | 2.80% | 2.24% | 0.23% | 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
X1GD.DE and EIB3.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for X1GD.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for X1GD.DE and 0.10% for EIB3.DE.
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