XGEZ.DE vs. EAH.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds - XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.19%/yr vs 1.19%/yr for EAH.DE. With a 1.00 correlation, they move nearly in lockstep. XGEZ.DE charges 0.18%/yr vs 0.20%/yr for EAH.DE.
Performance
XGEZ.DE vs. EAH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 0.02% return, which is significantly higher than EAH.DE's 0.01% return.
XGEZ.DE
- 1D
- 0.09%
- 1M
- 0.75%
- YTD
- 0.02%
- 6M
- -0.28%
- 1Y
- -1.58%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
EAH.DE
- 1D
- 0.11%
- 1M
- 0.72%
- YTD
- 0.01%
- 6M
- -0.27%
- 1Y
- -1.55%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XGEZ.DE vs. EAH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 0.01% | -2.11% | -0.57% | 8.84% | 0.22% |
Correlation
The correlation between XGEZ.DE and EAH.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 1.00 |
The correlation between XGEZ.DE and EAH.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
XGEZ.DE vs. EAH.DE — Risk / Return Rank
XGEZ.DE
EAH.DE
XGEZ.DE vs. EAH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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.
| XGEZ.DE | EAH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.33 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.72 | -0.71 | -0.01 |
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
| XGEZ.DE | EAH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | -0.24 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.59 | +0.75 |
Drawdowns
XGEZ.DE vs. EAH.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and EAH.DE.
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Drawdown Indicators
| XGEZ.DE | EAH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -36.30% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -4.72% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -7.83% | -0.06% |
Current DrawdownCurrent decline from peak | -5.48% | -29.61% | +24.13% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -25.57% | +20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.19% | +0.01% |
Volatility
XGEZ.DE vs. EAH.DE - Volatility Comparison
Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) have volatilities of 2.47% and 2.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | EAH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 2.49% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 5.30% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 6.55% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 10.85% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 10.85% | -0.93% |
XGEZ.DE vs. EAH.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is lower than EAH.DE's 0.20% 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
XGEZ.DE vs. EAH.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%, while EAH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
With a correlation of 0.99, XGEZ.DE and EAH.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, XGEZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGEZ.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for EAH.DE.
XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while EAH.DE tracks Solactive Euro Government Green Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.18% for XGEZ.DE and 0.20% for EAH.DE.
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