DBX0.DE vs. MODR.DE
DBX0.DE (Xtrackers Portfolio UCITS ETF (Acc)) and MODR.DE (iShares Moderate 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 3.93%/yr for MODR.DE. At a 0.49 correlation, their price movements are largely independent. DBX0.DE charges 0.70%/yr vs 0.25%/yr for MODR.DE.
Performance
DBX0.DE vs. MODR.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 MODR.DE's 6.71% 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%
MODR.DE
- 1D
- 0.15%
- 1M
- 0.29%
- 6M
- 6.54%
- YTD
- 6.71%
- 1Y
- 12.69%
- 3Y*
- 9.29%
- 5Y*
- 3.93%
- 10Y*
- —
DBX0.DE vs. MODR.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% | 9.66% |
MODR.DE iShares Moderate Portfolio UCITS ETF EUR (Acc) | 6.71% | 7.37% | 9.34% | 8.76% | -15.49% | 11.65% | 5.35% |
Correlation
The correlation between DBX0.DE and MODR.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.49 |
The correlation between DBX0.DE and MODR.DE has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
DBX0.DE vs. MODR.DE — Risk / Return Rank
DBX0.DE
MODR.DE
DBX0.DE vs. MODR.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 Moderate Portfolio UCITS ETF EUR (Acc) (MODR.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 | MODR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 2.44 | +1.75 |
| Martin ratioReturn relative to average drawdown | 13.95 | 10.15 | +3.80 |
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Drawdowns
DBX0.DE vs. MODR.DE - Drawdown Comparison
The maximum DBX0.DE drawdown since its inception was -29.17%, which is greater than MODR.DE's maximum drawdown of -17.98%. Use the drawdown chart below to compare losses from any high point for DBX0.DE and MODR.DE.
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Drawdown Indicators
| DBX0.DE | MODR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.17% | -17.98% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -5.18% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.55% | -10.57% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -17.98% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -29.17% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.44% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -5.42% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.25% | +0.15% |
Volatility
DBX0.DE vs. MODR.DE - Volatility Comparison
Xtrackers Portfolio UCITS ETF (Acc) (DBX0.DE) has a higher volatility of 3.16% compared to iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) at 2.20%. This indicates that DBX0.DE's price experiences larger fluctuations and is considered to be riskier than MODR.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 | MODR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.20% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 6.08% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 7.35% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 8.16% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 8.27% | +4.08% |
DBX0.DE vs. MODR.DE - Expense Ratio Comparison
DBX0.DE has a 0.70% expense ratio, which is higher than MODR.DE's 0.25% expense ratio.
Dividends
DBX0.DE vs. MODR.DE - Dividend Comparison
Neither DBX0.DE nor MODR.DE has paid dividends to shareholders.
Frequently Asked Questions
DBX0.DE and MODR.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MODR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MODR.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 MODR.DE.
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