X1GD.DE vs. VGEB.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.39%/yr for VGEB.DE. With a 0.98 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.07%/yr for VGEB.DE.
Performance
X1GD.DE vs. VGEB.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 VGEB.DE's -0.15% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
VGEB.DE
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -0.64%
- YTD
- -0.15%
- 1Y
- 0.48%
- 3Y*
- 2.39%
- 5Y*
- -2.56%
- 10Y*
- —
X1GD.DE vs. VGEB.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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -0.15% | 0.67% | 1.53% | 6.85% | -18.24% | -1.88% |
Correlation
The correlation between X1GD.DE and VGEB.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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.98 |
The correlation between X1GD.DE and VGEB.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. VGEB.DE — Risk / Return Rank
X1GD.DE
VGEB.DE
X1GD.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.02 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.14 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.70 | 0.34 | +0.36 |
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Drawdowns
X1GD.DE vs. VGEB.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum VGEB.DE drawdown of -22.41%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and VGEB.DE.
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Drawdown Indicators
| X1GD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -22.41% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.44% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.06% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.50% | — |
Current DrawdownCurrent decline from peak | -10.86% | -14.18% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -9.01% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
X1GD.DE vs. VGEB.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) have volatilities of 1.23% and 1.18%, 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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.18% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.61% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.30% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.36% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 5.53% | +1.09% |
X1GD.DE vs. VGEB.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is higher than VGEB.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. VGEB.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, less than VGEB.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.92% | 2.88% | 2.56% | 1.83% | 0.48% | 0.08% | 0.15% | 0.51% | 0.56% | 0.09% |
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% |
Frequently Asked Questions
With a correlation of 0.95, X1GD.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.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 VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.14% for X1GD.DE and 0.07% for VGEB.DE.
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