CGB.DE vs. XDWH.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XDWH.DE (Xtrackers MSCI World Health Care 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 XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, CGB.DE returned 2.48%/yr vs 8.35%/yr for XDWH.DE. At a 0.24 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.25%/yr for XDWH.DE.
Performance
CGB.DE vs. XDWH.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 higher than XDWH.DE's 6.77% return. Over the past 10 years, CGB.DE has underperformed XDWH.DE with an annualized return of 2.48%, while XDWH.DE has yielded a comparatively higher 8.35% 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%
XDWH.DE
- 1D
- -0.04%
- 1M
- 12.02%
- 6M
- 7.05%
- YTD
- 6.77%
- 1Y
- 22.07%
- 3Y*
- 6.34%
- 5Y*
- 5.87%
- 10Y*
- 8.35%
CGB.DE vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | 6.77% | 2.20% | 7.45% | 0.04% | 0.11% | 30.30% | 2.70% | 27.21% | 5.98% | 5.52% |
Correlation
The correlation between CGB.DE and XDWH.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
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 XDWH.DE shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGB.DE vs. XDWH.DE — Risk / Return Rank
CGB.DE
XDWH.DE
CGB.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 2.24 | +1.78 |
| Martin ratioReturn relative to average drawdown | 11.91 | 5.74 | +6.17 |
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Drawdowns
CGB.DE vs. XDWH.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum XDWH.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XDWH.DE.
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Drawdown Indicators
| CGB.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -40.65% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -9.82% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -21.11% | +10.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -21.11% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -26.06% | +11.42% |
Current DrawdownCurrent decline from peak | -0.94% | -0.35% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -7.34% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 3.83% | -2.87% |
Volatility
CGB.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.52%. This indicates that CGB.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 4.52% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 10.23% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 14.17% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 13.51% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 15.62% | -4.56% |
CGB.DE vs. XDWH.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than XDWH.DE's 0.25% 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
CGB.DE vs. XDWH.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care 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 XDWH.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDWH.DE.
CGB.DE is categorized as Emerging Markets Bonds, while XDWH.DE is Health & Biotech Equities. CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.20% for CGB.DE and 0.25% for XDWH.DE.
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