CE01.L vs. XGLE.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from iShares and DWS respectively. Both are passively managed. Over the past 10 years, CE01.L returned 0.22%/yr vs 0.00%/yr for XGLE.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
CE01.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with CE01.L at 0.21% and XGLE.L at 0.21%.
CE01.L
- 1D
- 0.22%
- 1M
- 0.68%
- YTD
- 0.21%
- 6M
- 0.50%
- 1Y
- 3.01%
- 3Y*
- 3.13%
- 5Y*
- -1.92%
- 10Y*
- 0.22%
XGLE.L
- 1D
- 0.18%
- 1M
- 0.54%
- YTD
- 0.21%
- 6M
- 0.36%
- 1Y
- 2.50%
- 3Y*
- 2.74%
- 5Y*
- -1.93%
- 10Y*
- 0.00%
CE01.L vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.21% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 1.33% | 1.72% | 4.90% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.21% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between CE01.L and XGLE.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2009 | 0.81 |
The correlation between CE01.L and XGLE.L has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
CE01.L vs. XGLE.L — Risk / Return Rank
CE01.L
XGLE.L
CE01.L vs. XGLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CE01.L | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.55 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.24 | 1.15 | +0.10 |
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Drawdowns
CE01.L vs. XGLE.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, roughly equal to the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for CE01.L and XGLE.L.
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Drawdown Indicators
| CE01.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -26.78% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -4.53% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -6.20% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -20.99% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | -26.78% | -0.69% |
Current DrawdownCurrent decline from peak | -17.60% | -18.18% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -9.40% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.18% | +0.23% |
Volatility
CE01.L vs. XGLE.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a higher volatility of 1.58% compared to Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) at 1.46%. This indicates that CE01.L's price experiences larger fluctuations and is considered to be riskier than XGLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.46% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 4.33% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 5.53% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 7.49% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 8.10% | +2.18% |
CE01.L vs. XGLE.L - Expense Ratio Comparison
Both CE01.L and XGLE.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CE01.L vs. XGLE.L - Dividend Comparison
Neither CE01.L nor XGLE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, CE01.L and XGLE.L 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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CE01.L and XGLE.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and DWS.
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