Comparison window: 23 Aug 2021 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixU10HK vs US10 · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
U10HKLU2338178648Amundi US Treasury Bond Long Dated UCITS ETF HKD Hedged AccBonds · Government USD · 10+ years · North America
Declared index
Bloomberg US Long Treasury Total Return Index Value Unhedged USD
TER
0.10%
Transaction (KID)
0.04%
Fund size
1 mln EUR
Launch
23 Aug 2021
Currency
HKD
Replication
Physical
Hedging
Yes — in HKD
Holdings
101
Duration
13.65 yrs
Distributions 12m
acc.
Effective 🇮🇹 rate
12.57%
US10LU1407890620Amundi US Treasury Bond Long Dated UCITS ETF DistBonds · Government USD · 10+ years · North America
Declared index
Bloomberg US Long Treasury Total Return Index Value Unhedged USD
TER
0.06%
Transaction (KID)
0.04%
Fund size
208 mln EUR
Launch
25 Oct 2018
Currency
USD
Replication
Physical
Hedging
No
Holdings
101
Duration
13.65 yrs
Distributions 12m
3.51 USD
Effective 🇮🇹 rate
12.53%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
U10HK3y avg: −0.18%/anno
2025
−0.15%
2024
−0.21%
2023
−0.17%
2022
−0.12%
US103y avg: −0.05%/anno
2025
−0.04%
2024
−0.06%
2023
−0.05%
2022
−0.04%
2021
−0.09%
2020
−0.10%
Rebalix · U10HK vs US10section 1 of 4
RebalixU10HK vs US10 · report of 10 September 2026
U10HK — Amundi US Treasury Bond Long Dated UCITS ETF HKD Hedged Acc · LU2338178648 · Bonds · Government USD · 10+ years · North America
US10 — Amundi US Treasury Bond Long Dated UCITS ETF Dist · LU1407890620 · Bonds · Government USD · 10+ years · North America
Performance over the period, in euro
From 23 Aug 2021 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: U10HK; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
U10HK
−39.1%
15 Jul 2025
not yet
1,740 days (ongoing)
US10
−43.1%
21 Aug 2026
not yet
1,740 days (ongoing)
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · U10HK vs US10section 2 of 4
RebalixU10HK vs US10 · report of 10 September 2026
U10HK — Amundi US Treasury Bond Long Dated UCITS ETF HKD Hedged Acc · LU2338178648 · Bonds · Government USD · 10+ years · North America
US10 — Amundi US Treasury Bond Long Dated UCITS ETF Dist · LU1407890620 · Bonds · Government USD · 10+ years · North America
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
101 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 101 common holdings this gives 100.1%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · U10HK vs US10section 3 of 4
RebalixU10HK vs US10 · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
U10HK — Amundi US Treasury Bond Long Dated UCITS ETF HKD Hedged Acc · LU2338178648 · Bonds · Government USD · 10+ years · North America
US10 — Amundi US Treasury Bond Long Dated UCITS ETF Dist · LU1407890620 · Bonds · Government USD · 10+ years · North America
Metric
U10HK
US10
Note
Identity
Category
Bonds · Government USD · 10+ years · North America
Bonds · Government USD · 10+ years · North America
Rebalix engine classification
Replication
Physical
Physical
as declared by the issuer
Currency hedging
Yes — hedged to HKD
No
source: class name, factsheet
Income policy
accumulating
distributing
—
Costs
TER
0.10%
0.06%
from the KID
Transaction costs (KID)
0.04%
0.04%
internal
All-in cost
0.14%
0.10%
TER + transaction
Tracking difference (3a)
−0.18%
−0.05%
vs its OWN index
Performance in euro (ECB rates)
1 year
−3.3%
−1.5%
—
3 years
−9.8%
−5.8%
—
5 years
−32.5%
−27.8%
—
10 years
—
−19.8%
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+12.17%
+12.58%
—
Max drawdown
−13.59%
−16.21%
—
Sharpe
-0.24
-0.37
risk-free = ECB MRO avg
Sortino
-0.33
-0.50
like Sharpe, downside only
Fixed income
Duration
13.65 yrs (mod.)
13.65 yrs (mod.)
U10HK: factsheet · US10: factsheet 31 Jul 2026
Duration band
long (>7 years)
long (>7 years)
short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share
98.5%
98.5%
BBB−/Baa3 and above
Heaviest rating bucket
AA (98.5%)
AA (98.5%)
—
Most represented maturity
not declared
not declared
—
Distributions (fund currency)
Frequency
accumulating class
annual
—
Distributions, last 12 months
accumulating class
3.51 USD
per share
Distribution yield
accumulating class
3.56%
12 months / NAV
Last ex-date
accumulating class
9 Dec 2025 · 3.51 USD
—
Italian taxation
Effective capital-gains rate
12.57%
12.53%
white list, current half-year
Documents & exchanges
Listing venues
—
9
ESMA register
Borsa Italiana ticker
—
US10
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~89 euro U10HK · ~64 euro US10. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.