DBX0.DE vs. MACV.DE
DBX0.DE (Xtrackers Portfolio UCITS ETF (Acc)) and MACV.DE (iShares Conservative Portfolio UCITS ETF EUR (Acc)) are both Global Allocation funds. Both are actively managed. Over the past 5 years, DBX0.DE returned 5.70%/yr vs 0.68%/yr for MACV.DE. At a 0.37 correlation, their price movements are largely independent. DBX0.DE charges 0.70%/yr vs 0.25%/yr for MACV.DE.
Performance
DBX0.DE vs. MACV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBX0.DE achieves a 10.53% return, which is significantly higher than MACV.DE's 3.65% return.
DBX0.DE
- 1D
- 0.31%
- 1M
- 1.00%
- 6M
- 10.70%
- YTD
- 10.53%
- 1Y
- 19.52%
- 3Y*
- 11.74%
- 5Y*
- 5.70%
- 10Y*
- 6.92%
MACV.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 3.65%
- YTD
- 3.65%
- 1Y
- 6.72%
- 3Y*
- 5.11%
- 5Y*
- 0.68%
- 10Y*
- —
DBX0.DE vs. MACV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBX0.DE Xtrackers Portfolio UCITS ETF (Acc) | 10.53% | 8.75% | 10.83% | 11.97% | -15.01% | 14.60% | 11.36% |
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 3.65% | 4.83% | 3.33% | 5.02% | -13.58% | 3.11% | 2.65% |
Correlation
The correlation between DBX0.DE and MACV.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.37 |
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Return for Risk
DBX0.DE vs. MACV.DE — Risk / Return Rank
DBX0.DE
MACV.DE
DBX0.DE vs. MACV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Portfolio UCITS ETF (Acc) (DBX0.DE) and iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.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.
| DBX0.DE | MACV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 1.69 | +2.50 |
| Martin ratioReturn relative to average drawdown | 13.95 | 7.43 | +6.52 |
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Drawdowns
DBX0.DE vs. MACV.DE - Drawdown Comparison
The maximum DBX0.DE drawdown since its inception was -29.17%, which is greater than MACV.DE's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for DBX0.DE and MACV.DE.
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Drawdown Indicators
| DBX0.DE | MACV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.17% | -15.57% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -3.95% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.55% | -3.95% | -9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -15.57% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -29.17% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.37% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -6.32% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.90% | +0.50% |
Volatility
DBX0.DE vs. MACV.DE - Volatility Comparison
Xtrackers Portfolio UCITS ETF (Acc) (DBX0.DE) has a higher volatility of 3.16% compared to iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.DE) at 1.73%. This indicates that DBX0.DE's price experiences larger fluctuations and is considered to be riskier than MACV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX0.DE | MACV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.73% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 4.63% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 5.26% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 5.25% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 5.23% | +7.12% |
DBX0.DE vs. MACV.DE - Expense Ratio Comparison
DBX0.DE has a 0.70% expense ratio, which is higher than MACV.DE's 0.25% expense ratio.
Dividends
DBX0.DE vs. MACV.DE - Dividend Comparison
Neither DBX0.DE nor MACV.DE has paid dividends to shareholders.
Frequently Asked Questions
DBX0.DE and MACV.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MACV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MACV.DE is cheaper with a 0.25% expense ratio, compared with 0.70% for DBX0.DE.
They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.70% for DBX0.DE and 0.25% for MACV.DE.
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