XBAT.DE vs. EGV3.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, XBAT.DE returned -0.93%/yr vs 0.19%/yr for EGV3.DE. A 0.53 correlation means they provide meaningful diversification when combined. XBAT.DE charges 0.15%/yr vs 0.17%/yr for EGV3.DE.
Performance
XBAT.DE vs. EGV3.DE - Performance Comparison
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Returns By Period
Over the past 10 years, XBAT.DE has underperformed EGV3.DE with an annualized return of -0.93%, while EGV3.DE has yielded a comparatively higher 0.19% annualized return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
EGV3.DE
- 1D
- 0.04%
- 1M
- 0.01%
- YTD
- 0.00%
- 6M
- 0.11%
- 1Y
- 0.81%
- 3Y*
- 2.53%
- 5Y*
- 0.55%
- 10Y*
- 0.19%
XBAT.DE vs. EGV3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.99% | 2.37% | -1.51% |
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | -0.00% | 2.11% | 3.01% | 3.26% | -4.93% | -0.90% | -0.43% | 0.21% | 0.06% | -0.44% |
Correlation
The correlation between XBAT.DE and EGV3.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2010 | 0.53 |
Over the past year, XBAT.DE and EGV3.DE have become more correlated (0.86) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
XBAT.DE vs. EGV3.DE — Risk / Return Rank
XBAT.DE
EGV3.DE
XBAT.DE vs. EGV3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) and Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.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.
| XBAT.DE | EGV3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.54 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.05 | 1.68 | -0.63 |
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
| XBAT.DE | EGV3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.49 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.32 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 0.09 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.41 | -0.23 |
Drawdowns
XBAT.DE vs. EGV3.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than EGV3.DE's maximum drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and EGV3.DE.
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Drawdown Indicators
| XBAT.DE | EGV3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -8.42% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -1.20% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -1.20% | -3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -6.05% | -15.92% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | -8.42% | -16.06% |
Current DrawdownCurrent decline from peak | -16.49% | -0.56% | -15.93% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -1.56% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.39% | +0.28% |
Volatility
XBAT.DE vs. EGV3.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) has a higher volatility of 0.75% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) at 0.53%. This indicates that XBAT.DE's price experiences larger fluctuations and is considered to be riskier than EGV3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAT.DE | EGV3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.53% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 1.22% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 1.33% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 1.67% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 2.13% | +3.26% |
XBAT.DE vs. EGV3.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is lower than EGV3.DE's 0.17% 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
XBAT.DE vs. EGV3.DE - Dividend Comparison
XBAT.DE has not paid dividends to shareholders, while EGV3.DE's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | 1.57% | 1.57% | 1.36% | 1.13% | 1.46% | 2.49% | 1.11% | 0.65% | 0.89% |
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBAT.DE and EGV3.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAT.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for EGV3.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for XBAT.DE and 0.17% for EGV3.DE.
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