AEGE.DE vs. XZWG.DE
AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) and XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds - AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged) while XZWG.DE tracks the Bloomberg Global Aggregate TR Hdg EUR. Both are passively managed. Over the past 3 years, AEGE.DE returned 2.11%/yr vs -0.15%/yr for XZWG.DE. A 0.73 correlation means they provide meaningful diversification when combined. AEGE.DE charges 0.10%/yr vs 0.20%/yr for XZWG.DE.
Performance
AEGE.DE vs. XZWG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AEGE.DE achieves a -0.17% return, which is significantly lower than XZWG.DE's 0.27% return.
AEGE.DE
- 1D
- 0.20%
- 1M
- -0.55%
- YTD
- -0.17%
- 6M
- -0.28%
- 1Y
- 1.10%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.23%
- YTD
- 0.27%
- 6M
- -0.11%
- 1Y
- -1.04%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
AEGE.DE vs. XZWG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.17% | 2.29% | 1.46% | 4.27% | -13.83% | -0.60% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -16.73% | -1.34% |
Correlation
The correlation between AEGE.DE and XZWG.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.73 |
The correlation between AEGE.DE and XZWG.DE shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AEGE.DE vs. XZWG.DE — Risk / Return Rank
AEGE.DE
XZWG.DE
AEGE.DE vs. XZWG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) and Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.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.
| AEGE.DE | XZWG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.95 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.51 | +0.90 |
| Martin ratioReturn relative to average drawdown | 1.07 | -0.97 | +2.04 |
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
| AEGE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | -0.35 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.64 | +0.26 |
Drawdowns
AEGE.DE vs. XZWG.DE - Drawdown Comparison
The maximum AEGE.DE drawdown since its inception was -17.22%, smaller than the maximum XZWG.DE drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for AEGE.DE and XZWG.DE.
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Drawdown Indicators
| AEGE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -20.85% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.66% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -7.10% | +3.12% |
Current DrawdownCurrent decline from peak | -8.37% | -17.96% | +9.59% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -15.29% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.41% | -0.42% |
Volatility
AEGE.DE vs. XZWG.DE - Volatility Comparison
iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) has a higher volatility of 1.77% compared to Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) at 1.43%. This indicates that AEGE.DE's price experiences larger fluctuations and is considered to be riskier than XZWG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEGE.DE | XZWG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.43% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.90% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 3.87% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 6.68% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 6.68% | -1.90% |
AEGE.DE vs. XZWG.DE - Expense Ratio Comparison
AEGE.DE has a 0.10% expense ratio, which is lower than XZWG.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
AEGE.DE vs. XZWG.DE - Dividend Comparison
AEGE.DE has not paid dividends to shareholders, while XZWG.DE's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% |
Frequently Asked Questions
AEGE.DE and XZWG.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XZWG.DE.
AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged), while XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR. They also come from different issuers: iShares and DWS. Their fees differ too: 0.10% for AEGE.DE and 0.20% for XZWG.DE.
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