X1GD.DE vs. XZEB.DE
X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, X1GD.DE returned 3.02%/yr vs 1.42%/yr for XZEB.DE. With a 0.97 correlation, they move nearly in lockstep. X1GD.DE charges 0.14%/yr vs 0.15%/yr for XZEB.DE.
Performance
X1GD.DE vs. XZEB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X1GD.DE achieves a -0.11% return, which is significantly lower than XZEB.DE's -0.10% return.
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
XZEB.DE
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -0.60%
- YTD
- -0.10%
- 1Y
- -0.01%
- 3Y*
- 1.42%
- 5Y*
- —
- 10Y*
- —
X1GD.DE vs. XZEB.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% | -4.10% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | -0.10% | -0.59% | 0.01% | 5.77% | -5.43% |
Correlation
The correlation between X1GD.DE and XZEB.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.97 |
The correlation between X1GD.DE and XZEB.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
X1GD.DE vs. XZEB.DE — Risk / Return Rank
X1GD.DE
XZEB.DE
X1GD.DE vs. XZEB.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 ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.01 | +0.28 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.01 | +0.71 |
Loading charts...
Drawdowns
X1GD.DE vs. XZEB.DE - Drawdown Comparison
The maximum X1GD.DE drawdown since its inception was -21.09%, which is greater than XZEB.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for X1GD.DE and XZEB.DE.
Loading charts...
Drawdown Indicators
| X1GD.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -13.98% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -2.97% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.45% | +0.26% |
Current DrawdownCurrent decline from peak | -10.86% | -7.55% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -8.27% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.35% | +0.08% |
Volatility
X1GD.DE vs. XZEB.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 II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) at 1.10%. This indicates that X1GD.DE's price experiences larger fluctuations and is considered to be riskier than XZEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X1GD.DE | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.10% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.51% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.15% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.42% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 6.42% | +0.20% |
X1GD.DE vs. XZEB.DE - Expense Ratio Comparison
X1GD.DE has a 0.14% expense ratio, which is lower than XZEB.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. XZEB.DE - Dividend Comparison
X1GD.DE's dividend yield for the trailing twelve months is around 2.58%, while XZEB.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% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, X1GD.DE and XZEB.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 XZEB.DE.
X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for X1GD.DE and 0.15% for XZEB.DE.
Find the right allocation for X1GD.DE and XZEB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer