CGB.DE vs. XDEW.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - CGB.DE is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, CGB.DE returned 2.41%/yr vs 11.04%/yr for XDEW.DE. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CGB.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.22% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, CGB.DE has underperformed XDEW.DE with an annualized return of 2.41%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
CGB.DE
- 1D
- -0.05%
- 1M
- 1.36%
- 6M
- 6.23%
- YTD
- 8.22%
- 1Y
- 9.90%
- 3Y*
- 4.82%
- 5Y*
- 3.10%
- 10Y*
- 2.41%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
CGB.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.22% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between CGB.DE and XDEW.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.24 |
The correlation between CGB.DE and XDEW.DE shifts across timeframes, from 0.09 (5 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGB.DE vs. XDEW.DE — Risk / Return Rank
CGB.DE
XDEW.DE
CGB.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
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.
| CGB.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.91 | -0.43 |
| Martin ratioReturn relative to average drawdown | 10.44 | 12.05 | -1.61 |
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Drawdowns
CGB.DE vs. XDEW.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XDEW.DE.
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Drawdown Indicators
| CGB.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -38.79% | +18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -5.06% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -22.70% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -22.70% | +8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -38.79% | +24.15% |
Current DrawdownCurrent decline from peak | -0.74% | -0.61% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -5.33% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.65% | -0.71% |
Volatility
CGB.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) is 1.51%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that CGB.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGB.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.81% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 6.82% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 10.43% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 14.90% | -8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 16.80% | -5.74% |
CGB.DE vs. XDEW.DE - Expense Ratio Comparison
Both CGB.DE and XDEW.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
CGB.DE vs. XDEW.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 1.99%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGB.DE and XDEW.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE and XDEW.DE have the same expense ratio: 0.20% per year.
CGB.DE is categorized as Emerging Markets Bonds, while XDEW.DE is S&P 500. CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XDEW.DE tracks S&P 500 Equal Weight Index.
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