X1GD.DE vs. IBCA.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.82%/yr for IBCA.DE. Their correlation of 0.83 suggests significant overlap in exposure. X1GD.DE charges 0.14%/yr vs 0.15%/yr for IBCA.DE.
Performance
X1GD.DE vs. IBCA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X1GD.DE achieves a -0.11% return, which is significantly lower than IBCA.DE's 0.32% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
IBCA.DE
- 1D
- 0.03%
- 1M
- -0.04%
- 6M
- 0.16%
- YTD
- 0.32%
- 1Y
- 1.01%
- 3Y*
- 2.82%
- 5Y*
- 0.85%
- 10Y*
- 0.38%
X1GD.DE vs. IBCA.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% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.32% | 2.32% | 3.06% | 3.49% | -4.26% | -0.47% |
Correlation
The correlation between X1GD.DE and IBCA.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.83 |
The correlation between X1GD.DE and IBCA.DE shifts across timeframes, from 0.72 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
X1GD.DE vs. IBCA.DE — Risk / Return Rank
X1GD.DE
IBCA.DE
X1GD.DE vs. IBCA.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 Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.88 | -0.61 |
| Martin ratioReturn relative to average drawdown | 0.70 | 2.73 | -2.03 |
Loading charts...
Drawdowns
X1GD.DE vs. IBCA.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and IBCA.DE.
Loading charts...
Drawdown Indicators
| X1GD.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -8.31% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -1.14% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -1.14% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.31% | — |
Current DrawdownCurrent decline from peak | -10.86% | -0.30% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -0.84% | -11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.37% | +1.06% |
Volatility
X1GD.DE vs. IBCA.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 Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.33%. This indicates that X1GD.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X1GD.DE | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.33% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 1.31% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 1.40% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 1.56% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 3.81% | +2.81% |
X1GD.DE vs. IBCA.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than IBCA.DE's 0.15% 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
X1GD.DE vs. IBCA.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, more than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
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
X1GD.DE and IBCA.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X1GD.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X1GD.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for IBCA.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for X1GD.DE and 0.15% for IBCA.DE.
Find the right allocation for X1GD.DE and IBCA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer