X1GD.DE vs. EUNH.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 1.97%/yr for EUNH.DE. With a 0.97 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.07%/yr for EUNH.DE.
Performance
X1GD.DE vs. EUNH.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 higher than EUNH.DE's -1.51% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
EUNH.DE
- 1D
- -0.01%
- 1M
- -0.78%
- 6M
- -1.93%
- YTD
- -1.51%
- 1Y
- -0.71%
- 3Y*
- 1.97%
- 5Y*
- -2.82%
- 10Y*
- -0.65%
X1GD.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.51% | 0.80% | 1.52% | 6.83% | -18.31% | -1.85% |
Correlation
The correlation between X1GD.DE and EUNH.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.97 |
The correlation between X1GD.DE and EUNH.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. EUNH.DE — Risk / Return Rank
X1GD.DE
EUNH.DE
X1GD.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.98 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.20 | +0.47 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.45 | +1.15 |
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Drawdowns
X1GD.DE vs. EUNH.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum EUNH.DE drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and EUNH.DE.
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Drawdown Indicators
| X1GD.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -22.42% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.59% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.10% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.42% | — |
Current DrawdownCurrent decline from peak | -10.86% | -15.34% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -5.87% | -6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.55% | -0.12% |
Volatility
X1GD.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.11%. This indicates that X1GD.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.11% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.75% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.55% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.37% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 5.52% | +1.10% |
X1GD.DE vs. EUNH.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is higher than EUNH.DE's 0.07% 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. EUNH.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, more than EUNH.DE's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.20% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, X1GD.DE and EUNH.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, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.14% for X1GD.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for X1GD.DE and 0.07% for EUNH.DE.
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