CGB.DE vs. XSX6.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) 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 XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, CGB.DE returned 2.48%/yr vs 10.16%/yr for XSX6.DE. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CGB.DE vs. XSX6.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 XSX6.DE's 11.63% return. Over the past 10 years, CGB.DE has underperformed XSX6.DE with an annualized return of 2.48%, while XSX6.DE has yielded a comparatively higher 10.16% 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%
XSX6.DE
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 10.88%
- YTD
- 11.63%
- 1Y
- 22.49%
- 3Y*
- 15.24%
- 5Y*
- 10.32%
- 10Y*
- 10.16%
CGB.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 11.63% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
Correlation
The correlation between CGB.DE and XSX6.DE is -0.09, 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 | -0.09 |
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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.06 |
The correlation between CGB.DE and XSX6.DE shifts across timeframes, from -0.13 (3 years) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGB.DE vs. XSX6.DE — Risk / Return Rank
CGB.DE
XSX6.DE
CGB.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 2.37 | +1.65 |
| Martin ratioReturn relative to average drawdown | 11.91 | 9.17 | +2.74 |
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Drawdowns
CGB.DE vs. XSX6.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum XSX6.DE drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XSX6.DE.
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Drawdown Indicators
| CGB.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -36.06% | +16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -9.46% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -16.37% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -20.84% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -36.06% | +21.42% |
Current DrawdownCurrent decline from peak | -0.94% | 0.00% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -5.24% | -4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.44% | -1.48% |
Volatility
CGB.DE vs. XSX6.DE - Volatility Comparison
The current volatility for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) is 1.70%, while Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a volatility of 3.11%. This indicates that CGB.DE experiences smaller price fluctuations and is considered to be less risky than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.11% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 10.96% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 13.02% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 14.46% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 15.23% | -4.17% |
CGB.DE vs. XSX6.DE - Expense Ratio Comparison
Both CGB.DE and XSX6.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. XSX6.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 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 XSX6.DE have a correlation of -0.09, 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 XSX6.DE have the same expense ratio: 0.20% per year.
CGB.DE is categorized as Emerging Markets Bonds, while XSX6.DE is Europe Equities. CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XSX6.DE tracks STOXX® Europe 600.
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