X1GD.DE vs. XYP1.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 2.98%/yr for XYP1.DE. Their correlation of 0.85 suggests significant overlap in exposure. X1GD.DE charges 0.14%/yr vs 0.15%/yr for XYP1.DE.
Performance
X1GD.DE vs. XYP1.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 XYP1.DE's 0.19% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
XYP1.DE
- 1D
- 0.00%
- 1M
- -0.12%
- 6M
- -0.01%
- YTD
- 0.19%
- 1Y
- 0.88%
- 3Y*
- 2.98%
- 5Y*
- 0.89%
- 10Y*
- 0.57%
X1GD.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.19% | 2.36% | 3.44% | 3.76% | -4.63% | -0.46% |
Correlation
The correlation between X1GD.DE and XYP1.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.85 |
The correlation between X1GD.DE and XYP1.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
X1GD.DE vs. XYP1.DE — Risk / Return Rank
X1GD.DE
XYP1.DE
X1GD.DE vs. XYP1.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 Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.63 | -0.35 |
| Martin ratioReturn relative to average drawdown | 0.70 | 1.90 | -1.20 |
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Drawdowns
X1GD.DE vs. XYP1.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and XYP1.DE.
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Drawdown Indicators
| X1GD.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -5.77% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -1.39% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -1.39% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.77% | — |
Current DrawdownCurrent decline from peak | -10.86% | -0.46% | -10.40% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -0.92% | -11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.46% | +0.97% |
Volatility
X1GD.DE vs. XYP1.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) has a higher volatility of 1.23% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.43%. This indicates that X1GD.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.43% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 1.31% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 1.43% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 1.76% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 2.02% | +4.60% |
X1GD.DE vs. XYP1.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than XYP1.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. XYP1.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, while XYP1.DE has not paid dividends to shareholders.
| 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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X1GD.DE and XYP1.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 XYP1.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for X1GD.DE and 0.15% for XYP1.DE.
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