D5BC.DE vs. DBXP.DE
D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds from Xtrackers - D5BC.DE tracks the iBoxx® EUR Germany 1-3 while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, D5BC.DE returned -0.22%/yr vs 0.22%/yr for DBXP.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
D5BC.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BC.DE achieves a 0.01% return, which is significantly lower than DBXP.DE's 0.04% return. Over the past 10 years, D5BC.DE has underperformed DBXP.DE with an annualized return of -0.22%, while DBXP.DE has yielded a comparatively higher 0.22% annualized return.
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.03%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.64%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
DBXP.DE
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 0.04%
- 6M
- 0.14%
- 1Y
- 0.89%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
D5BC.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.89% | -0.01% | -1.07% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between D5BC.DE and DBXP.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.54 |
Over the past year, D5BC.DE and DBXP.DE have become more correlated (0.81) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
D5BC.DE vs. DBXP.DE — Risk / Return Rank
D5BC.DE
DBXP.DE
D5BC.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| D5BC.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.64 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.39 | 2.08 | -0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| D5BC.DE | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.65 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.40 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.12 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.56 | -0.43 |
Drawdowns
D5BC.DE vs. DBXP.DE - Drawdown Comparison
The maximum D5BC.DE drawdown since its inception was -9.22%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for D5BC.DE and DBXP.DE.
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Drawdown Indicators
| D5BC.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.22% | -6.77% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -1.24% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -1.24% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -5.67% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -9.22% | -6.77% | -2.45% |
Current DrawdownCurrent decline from peak | -2.33% | -0.55% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -1.00% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.39% | -0.03% |
Volatility
D5BC.DE vs. DBXP.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) is 0.42%, while Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) has a volatility of 0.46%. This indicates that D5BC.DE experiences smaller price fluctuations and is considered to be less risky than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BC.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.46% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 1.11% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 1.22% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 1.65% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.21% | 1.80% | -0.59% |
D5BC.DE vs. DBXP.DE - Expense Ratio Comparison
Both D5BC.DE and DBXP.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
D5BC.DE vs. DBXP.DE - Dividend Comparison
D5BC.DE's dividend yield for the trailing twelve months is around 1.26%, while DBXP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 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
D5BC.DE and DBXP.DE have a correlation of 0.81, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
D5BC.DE and DBXP.DE have the same expense ratio: 0.15% per year.
D5BC.DE tracks iBoxx® EUR Germany 1-3, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3.
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