X1GD.DE vs. SYBV.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and SYBV.DE (State Street SPDR Bloomberg 10+ Year 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 SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 0.74%/yr for SYBV.DE. With a 0.97 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.15%/yr for SYBV.DE.
Performance
X1GD.DE vs. SYBV.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 SYBV.DE's -0.61% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
SYBV.DE
- 1D
- -0.22%
- 1M
- -1.70%
- 6M
- -1.42%
- YTD
- -0.61%
- 1Y
- -0.39%
- 3Y*
- 0.74%
- 5Y*
- -7.02%
- 10Y*
- -2.02%
X1GD.DE vs. SYBV.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% |
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | -0.61% | -3.55% | -0.53% | 9.88% | -32.00% | -3.27% |
Correlation
The correlation between X1GD.DE and SYBV.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
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 | 0.97 |
The correlation between X1GD.DE and SYBV.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. SYBV.DE — Risk / Return Rank
X1GD.DE
SYBV.DE
X1GD.DE vs. SYBV.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 State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.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 | SYBV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.07 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.15 | +0.85 |
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Drawdowns
X1GD.DE vs. SYBV.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum SYBV.DE drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and SYBV.DE.
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Drawdown Indicators
| X1GD.DE | SYBV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -40.94% | +19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -5.56% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -10.05% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.94% | — |
Current DrawdownCurrent decline from peak | -10.86% | -34.12% | +23.26% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -16.94% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.61% | -1.18% |
Volatility
X1GD.DE vs. SYBV.DE - Volatility Comparison
The current volatility for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) is 1.23%, while State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a volatility of 2.13%. This indicates that X1GD.DE experiences smaller price fluctuations and is considered to be less risky than SYBV.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 | SYBV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.13% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 6.35% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 8.01% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 12.30% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 10.42% | -3.80% |
X1GD.DE vs. SYBV.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than SYBV.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. SYBV.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, less than SYBV.DE's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | 3.41% | 3.31% | 2.82% | 2.01% | 0.89% | 0.51% | 0.76% | 1.23% | 1.34% | 1.47% | 0.59% |
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% |
Frequently Asked Questions
With a correlation of 0.95, X1GD.DE and SYBV.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 SYBV.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.14% for X1GD.DE and 0.15% for SYBV.DE.
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