D5BE.DE vs. XT01.DE
D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds from Xtrackers - D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, D5BE.DE returned 2.60%/yr vs 4.09%/yr for XT01.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.06% expense ratio.
Performance
D5BE.DE vs. XT01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BE.DE achieves a 3.73% return, which is significantly lower than XT01.DE's 4.62% return.
D5BE.DE
- 1D
- 0.07%
- 1M
- 1.53%
- 6M
- 2.29%
- YTD
- 3.73%
- 1Y
- 4.63%
- 3Y*
- 3.59%
- 5Y*
- 2.60%
- 10Y*
- 1.33%
XT01.DE
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 3.04%
- YTD
- 4.62%
- 1Y
- 5.20%
- 3Y*
- 3.95%
- 5Y*
- 4.09%
- 10Y*
- —
D5BE.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.73% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -3.74% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.62% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between D5BE.DE and XT01.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.95 |
The correlation between D5BE.DE and XT01.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
D5BE.DE vs. XT01.DE — Risk / Return Rank
D5BE.DE
XT01.DE
D5BE.DE vs. XT01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| D5BE.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.54 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.26 | 3.67 | -0.41 |
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Drawdowns
D5BE.DE vs. XT01.DE - Drawdown Comparison
The maximum D5BE.DE drawdown since its inception was -20.28%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for D5BE.DE and XT01.DE.
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Drawdown Indicators
| D5BE.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -11.68% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.40% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -11.68% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -12.50% | -11.68% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -20.28% | — | — |
Current DrawdownCurrent decline from peak | -5.26% | -5.37% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.91% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.43% | -0.02% |
Volatility
D5BE.DE vs. XT01.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) is 1.07%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.26%. This indicates that D5BE.DE experiences smaller price fluctuations and is considered to be less risky than XT01.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BE.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.26% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 4.20% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 5.92% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.44% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 7.27% | +1.67% |
D5BE.DE vs. XT01.DE - Expense Ratio Comparison
Both D5BE.DE and XT01.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
D5BE.DE vs. XT01.DE - Dividend Comparison
D5BE.DE's dividend yield for the trailing twelve months is around 2.76%, while XT01.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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 0.98, D5BE.DE and XT01.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE and XT01.DE have the same expense ratio: 0.06% per year.
D5BE.DE tracks iBoxx USD Treasuries 1-3 Index, while XT01.DE tracks FTSE US Treasury Short Duration Index.
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