CGB.DE vs. XUEE.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) 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 XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, CGB.DE returned 4.82%/yr vs 6.58%/yr for XUEE.DE. At a correlation of -0.25, they often move in opposite directions. CGB.DE charges 0.20%/yr vs 0.40%/yr for XUEE.DE.
Performance
CGB.DE vs. XUEE.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 XUEE.DE's 1.22% 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%
XUEE.DE
- 1D
- 0.00%
- 1M
- -0.92%
- 6M
- 1.14%
- YTD
- 1.22%
- 1Y
- 8.07%
- 3Y*
- 6.58%
- 5Y*
- —
- 10Y*
- —
CGB.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.22% | -6.58% | 9.93% | -2.82% | -0.10% | 4.34% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.22% | 11.07% | 3.86% | 8.04% | -21.68% | 0.04% |
Correlation
The correlation between CGB.DE and XUEE.DE is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | -0.25 |
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. XUEE.DE — Risk / Return Rank
CGB.DE
XUEE.DE
CGB.DE vs. XUEE.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 II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.95 | +1.54 |
| Martin ratioReturn relative to average drawdown | 10.44 | 7.79 | +2.65 |
Loading charts...
Drawdowns
CGB.DE vs. XUEE.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, smaller than the maximum XUEE.DE drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for CGB.DE and XUEE.DE.
Loading charts...
Drawdown Indicators
| CGB.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -30.69% | +10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -4.13% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -8.48% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -2.89% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -14.15% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.03% | -0.09% |
Volatility
CGB.DE vs. XUEE.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.51% compared to Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) at 1.18%. This indicates that CGB.DE's price experiences larger fluctuations and is considered to be riskier than XUEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGB.DE | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.18% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 4.24% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 5.18% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 9.05% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 9.05% | +2.01% |
CGB.DE vs. XUEE.DE - Expense Ratio Comparison
CGB.DE has a 0.20% expense ratio, which is lower than XUEE.DE's 0.40% expense ratio.
Dividends
CGB.DE vs. XUEE.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 1.99%, less than XUEE.DE's 5.03% 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% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 5.03% | 5.41% | 6.51% | 4.80% | 4.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGB.DE and XUEE.DE have a correlation of -0.26, 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 0.40% for XUEE.DE.
CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Their fees differ too: 0.20% for CGB.DE and 0.40% for XUEE.DE.
Find the right allocation for CGB.DE and XUEE.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