X1GD.DE vs. IBCM.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.76%/yr for IBCM.DE. With a 0.98 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.15%/yr for IBCM.DE.
Performance
X1GD.DE vs. IBCM.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 IBCM.DE's 0.07% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
IBCM.DE
- 1D
- 0.03%
- 1M
- -0.84%
- 6M
- -0.78%
- YTD
- 0.07%
- 1Y
- 0.88%
- 3Y*
- 2.76%
- 5Y*
- -2.63%
- 10Y*
- -0.35%
X1GD.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.07% | 1.53% | 0.84% | 8.74% | -19.91% | -2.31% |
Correlation
The correlation between X1GD.DE and IBCM.DE is 0.94, 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 | 0.94 |
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 | 0.98 |
The correlation between X1GD.DE and IBCM.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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. IBCM.DE — Risk / Return Rank
X1GD.DE
IBCM.DE
X1GD.DE vs. IBCM.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 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.21 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.70 | 0.53 | +0.17 |
Loading charts...
Drawdowns
X1GD.DE vs. IBCM.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and IBCM.DE.
Loading charts...
Drawdown Indicators
| X1GD.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -23.25% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -4.09% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.52% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -10.86% | -13.88% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -5.23% | -7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.66% | -0.23% |
Volatility
X1GD.DE vs. IBCM.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) have volatilities of 1.23% and 1.29%, 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.
Loading charts...
Volatility by Period
| X1GD.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.29% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 4.26% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 5.06% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 7.40% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 6.03% | +0.59% |
X1GD.DE vs. IBCM.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than IBCM.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. IBCM.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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 0.94, X1GD.DE and IBCM.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, 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 IBCM.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for X1GD.DE and 0.15% for IBCM.DE.
Find the right allocation for X1GD.DE and IBCM.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