X1GD.DE vs. VGOV.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.86%/yr for VGOV.DE. A 0.73 correlation means they provide meaningful diversification when combined. X1GD.DE charges 0.14%/yr vs 0.07%/yr for VGOV.DE.
Performance
X1GD.DE vs. VGOV.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 lower than VGOV.DE's 1.76% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
VGOV.DE
- 1D
- 1.04%
- 1M
- 1.39%
- 6M
- 0.02%
- YTD
- 1.76%
- 1Y
- 4.79%
- 3Y*
- 2.86%
- 5Y*
- -5.57%
- 10Y*
- -0.19%
X1GD.DE vs. VGOV.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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 1.76% | 0.16% | -0.17% | 5.43% | -30.79% | -0.17% |
Correlation
The correlation between X1GD.DE and VGOV.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.73 |
The correlation between X1GD.DE and VGOV.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. VGOV.DE — Risk / Return Rank
X1GD.DE
VGOV.DE
X1GD.DE vs. VGOV.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 UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.89 | -0.61 |
| Martin ratioReturn relative to average drawdown | 0.70 | 2.74 | -2.04 |
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Drawdowns
X1GD.DE vs. VGOV.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, smaller than the maximum VGOV.DE drawdown of -40.96%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and VGOV.DE.
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Drawdown Indicators
| X1GD.DE | VGOV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -40.96% | +19.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -5.39% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -9.04% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.96% | — |
Current DrawdownCurrent decline from peak | -10.86% | -28.76% | +17.90% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -11.97% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.75% | -0.32% |
Volatility
X1GD.DE vs. VGOV.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 Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a volatility of 2.20%. This indicates that X1GD.DE experiences smaller price fluctuations and is considered to be less risky than VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.20% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 6.31% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 7.87% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 12.88% | -6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 12.02% | -5.40% |
X1GD.DE vs. VGOV.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is higher than VGOV.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. VGOV.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, less than VGOV.DE's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.44% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 1.64% |
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
X1GD.DE and VGOV.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.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 VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.14% for X1GD.DE and 0.07% for VGOV.DE.
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