XG7S.DE vs. 10AK.DE

Last updated Jun 5, 2026

XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) and 10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) are both Global Bonds funds - XG7S.DE tracks the Bloomberg Global Aggregate TR USD while 10AK.DE tracks the JP Morgan Government Bond Global. Both are passively managed. Over the past 5 years, XG7S.DE returned -2.42%/yr vs -2.43%/yr for 10AK.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

XG7S.DE vs. 10AK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XG7S.DE achieves a 0.23% return, which is significantly higher than 10AK.DE's 0.09% return.

XG7S.DE

• 1D: 0.13%
• 1M: 0.28%
• YTD: 0.23%
• 6M: -0.30%
• 1Y: -0.99%
• 3Y*: -0.74%
• 5Y*: -2.42%
• 10Y*: -0.93%

10AK.DE

• 1D: 0.01%
• 1M: 0.11%
• YTD: 0.09%
• 6M: -0.56%
• 1Y: -1.76%
• 3Y*: -1.30%
• 5Y*: -2.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XG7S.DE vs. 10AK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	0.23%	-4.70%	2.17%	1.03%	-13.47%	0.52%	0.56%	7.95%	4.85%
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist	0.09%	-5.55%	2.06%	0.12%	-12.21%	1.15%	-0.06%	8.09%	5.41%

Correlation

The correlation between XG7S.DE and 10AK.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018	0.87

The correlation between XG7S.DE and 10AK.DE shifts across timeframes, from 0.87 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XG7S.DE vs. 10AK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XG7S.DE

XG7S.DE Risk / Return Rank: 5
XG7S.DE Sharpe Ratio Rank: 6
XG7S.DE Sortino Ratio Rank: 5
XG7S.DE Omega Ratio Rank: 5
XG7S.DE Calmar Ratio Rank: 5
XG7S.DE Martin Ratio Rank: 5

10AK.DE

10AK.DE Risk / Return Rank: 4
10AK.DE Sharpe Ratio Rank: 5
10AK.DE Sortino Ratio Rank: 4
10AK.DE Omega Ratio Rank: 4
10AK.DE Calmar Ratio Rank: 3
10AK.DE Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XG7S.DE vs. 10AK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.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.

	XG7S.DE	10AK.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	-0.52	+0.19
Sortino ratio: Return per unit of downside risk	-0.42	-0.68	+0.26
Omega ratio: Gain probability vs. loss probability	0.95	0.92	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.47	-0.67	+0.21
Martin ratio: Return relative to average drawdown	-0.91	-1.23	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XG7S.DE vs. 10AK.DE - Sharpe Ratio Comparison

The current XG7S.DE Sharpe Ratio is -0.33, which is higher than the 10AK.DE Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of XG7S.DE and 10AK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XG7S.DE	10AK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	-0.52	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.37	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.05	+0.21

Drawdowns

XG7S.DE vs. 10AK.DE - Drawdown Comparison

The maximum XG7S.DE drawdown since its inception was -21.08%, roughly equal to the maximum 10AK.DE drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for XG7S.DE and 10AK.DE.

Drawdown Indicators

	XG7S.DE	10AK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.08%	-20.98%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-3.11%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-7.74%	-8.61%	+0.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	-17.53%	-0.67%
Max Drawdown (10Y) Largest decline over 10 years	-21.08%	—	—
Current Drawdown Current decline from peak	-19.11%	-20.12%	+1.01%
Average Drawdown Average peak-to-trough decline	-8.76%	-10.25%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.69%	-0.24%

Volatility

XG7S.DE vs. 10AK.DE - Volatility Comparison

Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) has a higher volatility of 1.23% compared to Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) at 1.04%. This indicates that XG7S.DE's price experiences larger fluctuations and is considered to be riskier than 10AK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XG7S.DE	10AK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.04%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	2.98%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	4.00%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	6.49%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	6.17%	-0.32%

XG7S.DE vs. 10AK.DE - Expense Ratio Comparison

Both XG7S.DE and 10AK.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XG7S.DE vs. 10AK.DE - Dividend Comparison

XG7S.DE has not paid dividends to shareholders, while 10AK.DE's dividend yield for the trailing twelve months is around 2.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist	2.62%	2.63%	2.07%	1.79%	1.61%	1.39%	1.68%	1.82%	0.58%
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XG7S.DE and 10AK.DE in my portfolio?

With a correlation of 0.92, XG7S.DE and 10AK.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.

Which ETF is better, XG7S.DE or 10AK.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XG7S.DE or 10AK.DE?

XG7S.DE and 10AK.DE have the same expense ratio: 0.20% per year.

What is the main difference between XG7S.DE and 10AK.DE?

XG7S.DE tracks Bloomberg Global Aggregate TR USD, while 10AK.DE tracks JP Morgan Government Bond Global. They also come from different issuers: Xtrackers and Amundi.