X1GD.DE vs. XGEZ.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 1.10%/yr for XGEZ.DE. With a 0.98 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.18%/yr for XGEZ.DE.
Performance
X1GD.DE vs. XGEZ.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 XGEZ.DE's -0.48% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- -1.20%
- 6M
- -1.12%
- YTD
- -0.48%
- 1Y
- -0.39%
- 3Y*
- 1.10%
- 5Y*
- —
- 10Y*
- —
X1GD.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
X1GD.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist | -0.11% | 1.19% | 2.68% | 7.59% | -0.24% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | -0.48% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between X1GD.DE and XGEZ.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.98 |
The correlation between X1GD.DE and XGEZ.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. XGEZ.DE — Risk / Return Rank
X1GD.DE
XGEZ.DE
X1GD.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.08 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.18 | +0.88 |
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Drawdowns
X1GD.DE vs. XGEZ.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and XGEZ.DE.
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Drawdown Indicators
| X1GD.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -13.63% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -4.70% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -7.82% | +3.63% |
Current DrawdownCurrent decline from peak | -10.86% | -5.96% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -5.38% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.16% | -0.73% |
Volatility
X1GD.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.69%. This indicates that X1GD.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.69% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 5.25% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 6.45% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 9.87% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 9.87% | -3.25% |
X1GD.DE vs. XGEZ.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, more than XGEZ.DE's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.11% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, X1GD.DE and XGEZ.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 0.18% for XGEZ.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for X1GD.DE and 0.18% for XGEZ.DE.
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