X1GD.DE vs. SYBB.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and SYBB.DE (SPDR Bloomberg 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 SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.39%/yr for SYBB.DE. With a 0.96 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.10%/yr for SYBB.DE.
Performance
X1GD.DE vs. SYBB.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 SYBB.DE's -0.29% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
SYBB.DE
- 1D
- -0.05%
- 1M
- -0.92%
- 6M
- -0.62%
- YTD
- -0.29%
- 1Y
- 0.47%
- 3Y*
- 2.39%
- 5Y*
- -2.63%
- 10Y*
- -0.56%
X1GD.DE vs. SYBB.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% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | -0.29% | 0.84% | 1.47% | 6.82% | -18.49% | -1.85% |
Correlation
The correlation between X1GD.DE and SYBB.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.96 |
Over the past year, the correlation between X1GD.DE and SYBB.DE has dropped to 0.74 - well below their long-term average of 0.96, suggesting their price drivers have been diverging.
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Return for Risk
X1GD.DE vs. SYBB.DE — Risk / Return Rank
X1GD.DE
SYBB.DE
X1GD.DE vs. SYBB.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 SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.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 | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.02 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.13 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.70 | 0.37 | +0.32 |
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Drawdowns
X1GD.DE vs. SYBB.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum SYBB.DE drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and SYBB.DE.
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Drawdown Indicators
| X1GD.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -22.70% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.64% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -3.99% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.70% | — |
Current DrawdownCurrent decline from peak | -10.86% | -14.51% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -6.10% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.26% | +0.17% |
Volatility
X1GD.DE vs. SYBB.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) and SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) have volatilities of 1.23% and 1.24%, 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 | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.24% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 4.30% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.91% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.40% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 5.44% | +1.18% |
X1GD.DE vs. SYBB.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is higher than SYBB.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. SYBB.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, more than SYBB.DE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 2.36% | 2.13% | 1.45% | 0.76% | 0.18% | 0.08% | 0.28% | 0.59% | 0.66% | 0.73% | 0.82% | 1.26% |
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 SYBB.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBB.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 SYBB.DE tracks Bloomberg Euro Treasury Bond. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.14% for X1GD.DE and 0.10% for SYBB.DE.
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