X710.DE vs. KX1G.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 10 years, X710.DE returned -0.16%/yr vs 0.22%/yr for KX1G.DE. A 0.79 correlation means they provide meaningful diversification when combined. X710.DE charges 0.15%/yr vs 0.14%/yr for KX1G.DE.
Performance
X710.DE vs. KX1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X710.DE achieves a 0.09% return, which is significantly lower than KX1G.DE's 0.22% return. Over the past 10 years, X710.DE has underperformed KX1G.DE with an annualized return of -0.16%, while KX1G.DE has yielded a comparatively higher 0.22% annualized return.
X710.DE
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- 0.09%
- 6M
- -0.04%
- 1Y
- 0.27%
- 3Y*
- 2.66%
- 5Y*
- -2.29%
- 10Y*
- -0.16%
KX1G.DE
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 0.22%
- 6M
- 0.10%
- 1Y
- 0.45%
- 3Y*
- 3.02%
- 5Y*
- -1.81%
- 10Y*
- 0.22%
X710.DE vs. KX1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.09% | 1.72% | 0.93% | 8.80% | -19.69% | -3.23% | 4.20% | 6.78% | 1.03% | 0.95% |
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 0.22% | 1.21% | 2.65% | 7.57% | -18.42% | -3.38% | 5.42% | 8.82% | 0.15% | 0.54% |
Correlation
The correlation between X710.DE and KX1G.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.79 |
The correlation between X710.DE and KX1G.DE shifts across timeframes, from 0.79 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
X710.DE vs. KX1G.DE — Risk / Return Rank
X710.DE
KX1G.DE
X710.DE vs. KX1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) and Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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.
| X710.DE | KX1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.02 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.13 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.18 | 0.34 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| X710.DE | KX1G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.10 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.27 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.04 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.41 | +0.14 |
Drawdowns
X710.DE vs. KX1G.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, roughly equal to the maximum KX1G.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for X710.DE and KX1G.DE.
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Drawdown Indicators
| X710.DE | KX1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -22.43% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -3.54% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -4.22% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -21.59% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -22.43% | -0.73% |
Current DrawdownCurrent decline from peak | -13.46% | -12.10% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -6.69% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.34% | +0.21% |
Volatility
X710.DE vs. KX1G.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a higher volatility of 1.94% compared to Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) at 1.76%. This indicates that X710.DE's price experiences larger fluctuations and is considered to be riskier than KX1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X710.DE | KX1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.76% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.80% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.57% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 6.66% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 5.94% | +0.45% |
X710.DE vs. KX1G.DE - Expense Ratio Comparison
X710.DE has a 0.15% expense ratio, which is higher than KX1G.DE's 0.14% 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
X710.DE vs. KX1G.DE - Dividend Comparison
Neither X710.DE nor KX1G.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, X710.DE and KX1G.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, KX1G.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KX1G.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for X710.DE.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for X710.DE and 0.14% for KX1G.DE.
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