CGB.DE vs. XQUA.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds from Xtrackers - CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index while XQUA.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, CGB.DE returned 2.41%/yr vs 1.36%/yr for XQUA.DE. At a 0.46 correlation, their price movements are largely independent. CGB.DE charges 0.20%/yr vs 0.45%/yr for XQUA.DE.
Performance
CGB.DE vs. XQUA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGB.DE achieves a 8.22% return, which is significantly higher than XQUA.DE's 3.11% return. Over the past 10 years, CGB.DE has outperformed XQUA.DE with an annualized return of 2.41%, while XQUA.DE has yielded a comparatively lower 1.36% 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%
XQUA.DE
- 1D
- 0.11%
- 1M
- 0.33%
- 6M
- 1.88%
- YTD
- 3.11%
- 1Y
- 7.50%
- 3Y*
- 3.82%
- 5Y*
- 0.12%
- 10Y*
- 1.36%
CGB.DE vs. XQUA.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% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.11% | -1.36% | 5.24% | 3.95% | -12.55% | 6.78% | -2.76% | 17.84% | 1.06% | -5.20% |
Correlation
The correlation between CGB.DE and XQUA.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2016 | 0.46 |
The correlation between CGB.DE and XQUA.DE shifts across timeframes, from 0.39 (3 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGB.DE vs. XQUA.DE — Risk / Return Rank
CGB.DE
XQUA.DE
CGB.DE vs. XQUA.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 ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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 | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.84 | +1.65 |
| Martin ratioReturn relative to average drawdown | 10.44 | 5.50 | +4.93 |
Loading charts...
Drawdowns
CGB.DE vs. XQUA.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, roughly equal to the maximum XQUA.DE drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XQUA.DE.
Loading charts...
Drawdown Indicators
| CGB.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -20.21% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -4.06% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -11.47% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -16.16% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -20.21% | +5.57% |
Current DrawdownCurrent decline from peak | -0.74% | -5.07% | +4.33% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -8.26% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.36% | -0.42% |
Volatility
CGB.DE vs. XQUA.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.51% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) at 1.32%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than XQUA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGB.DE | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.32% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.77% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 6.10% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 8.33% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 8.81% | +2.25% |
CGB.DE vs. XQUA.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than XQUA.DE's 0.45% expense ratio.
Dividends
CGB.DE vs. XQUA.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 1.99%, less than XQUA.DE's 4.52% yield.
| 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% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.52% | 4.80% | 4.40% | 4.34% | 7.07% | 3.83% | 4.92% | 4.19% | 3.08% | 3.74% | 0.00% |
Frequently Asked Questions
CGB.DE and XQUA.DE have a correlation of 0.53, 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 0.45% for XQUA.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XQUA.DE tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.20% for CGB.DE and 0.45% for XQUA.DE.
Find the right allocation for CGB.DE and XQUA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer