CGB.DE vs. XDWD.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XDWD.DE (Xtrackers MSCI World 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 XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, CGB.DE returned 2.48%/yr vs 13.00%/yr for XDWD.DE. At a 0.21 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.19%/yr for XDWD.DE.
Performance
CGB.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.00% return, which is significantly lower than XDWD.DE's 12.57% return. Over the past 10 years, CGB.DE has underperformed XDWD.DE with an annualized return of 2.48%, while XDWD.DE has yielded a comparatively higher 13.00% annualized return.
CGB.DE
- 1D
- 0.40%
- 1M
- 1.32%
- 6M
- 7.77%
- YTD
- 8.00%
- 1Y
- 11.41%
- 3Y*
- 3.87%
- 5Y*
- 3.23%
- 10Y*
- 2.48%
XDWD.DE
- 1D
- 0.32%
- 1M
- 1.49%
- 6M
- 12.36%
- YTD
- 12.57%
- 1Y
- 24.32%
- 3Y*
- 17.54%
- 5Y*
- 12.27%
- 10Y*
- 13.00%
CGB.DE vs. XDWD.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) | 8.00% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 12.57% | 7.85% | 25.98% | 20.19% | -13.68% | 32.75% | 5.47% | 31.26% | -4.94% | 7.84% |
Correlation
The correlation between CGB.DE and XDWD.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.21 |
The correlation between CGB.DE and XDWD.DE shifts across timeframes, from 0.06 (5 years) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGB.DE vs. XDWD.DE — Risk / Return Rank
CGB.DE
XDWD.DE
CGB.DE vs. XDWD.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 MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 3.82 | +0.19 |
| Martin ratioReturn relative to average drawdown | 11.91 | 15.31 | -3.40 |
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Drawdowns
CGB.DE vs. XDWD.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XDWD.DE.
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Drawdown Indicators
| CGB.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -33.55% | +13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.34% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -21.64% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -21.64% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -33.55% | +18.91% |
Current DrawdownCurrent decline from peak | -0.94% | -0.11% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -4.52% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.58% | -0.62% |
Volatility
CGB.DE vs. XDWD.DE - Volatility Comparison
The current volatility for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) is 1.70%, while Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) has a volatility of 3.15%. This indicates that CGB.DE experiences smaller price fluctuations and is considered to be less risky than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.15% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 7.97% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 11.30% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 14.15% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 15.09% | -4.03% |
CGB.DE vs. XDWD.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is higher than XDWD.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CGB.DE vs. XDWD.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while XDWD.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) | 2.00% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
XDWD.DE Xtrackers MSCI World 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 XDWD.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for CGB.DE.
CGB.DE is categorized as Emerging Markets Bonds, while XDWD.DE is Global Equities. CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XDWD.DE tracks MSCI World. Their fees differ too: 0.20% for CGB.DE and 0.19% for XDWD.DE.
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