D5BB.DE vs. VGEA.DE
D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - D5BB.DE tracks the iBoxx® EUR Germany while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, D5BB.DE returned -3.03%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.89 suggests significant overlap in exposure. D5BB.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
D5BB.DE vs. VGEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, D5BB.DE achieves a -0.06% return, which is significantly lower than VGEA.DE's 0.11% return.
D5BB.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.06%
- 6M
- -0.23%
- 1Y
- -0.99%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
D5BB.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -17.79% | -2.56% | 2.70% | 1.94% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between D5BB.DE and VGEA.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.89 |
The correlation between D5BB.DE and VGEA.DE has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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
D5BB.DE vs. VGEA.DE — Risk / Return Rank
D5BB.DE
VGEA.DE
D5BB.DE vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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.
| D5BB.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.00 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.01 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.00 | -0.04 | -0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| D5BB.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | -0.01 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | -0.35 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.10 | +0.27 |
Drawdowns
D5BB.DE vs. VGEA.DE - Drawdown Comparison
The maximum D5BB.DE drawdown since its inception was -23.86%, which is greater than VGEA.DE's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for D5BB.DE and VGEA.DE.
Loading charts...
Drawdown Indicators
| D5BB.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -22.34% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -3.44% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -4.00% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -21.47% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.86% | — | — |
Current DrawdownCurrent decline from peak | -19.30% | -13.91% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -10.30% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.33% | +0.06% |
Volatility
D5BB.DE vs. VGEA.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) is 1.45%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that D5BB.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| D5BB.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.67% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 3.62% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.33% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 6.39% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.86% | -0.60% |
D5BB.DE vs. VGEA.DE - Expense Ratio Comparison
D5BB.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% 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
D5BB.DE vs. VGEA.DE - Dividend Comparison
D5BB.DE's dividend yield for the trailing twelve months is around 1.70%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 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
With a correlation of 0.95, D5BB.DE and VGEA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for D5BB.DE.
D5BB.DE tracks iBoxx® EUR Germany, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for D5BB.DE and 0.07% for VGEA.DE.
Find the right allocation for D5BB.DE and VGEA.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