DBXF.DE vs. VAGT.DE
DBXF.DE (Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc)) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - DBXF.DE tracks the iBoxx EUR Eurozone 15-30 Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, DBXF.DE returned 0.32%/yr vs 1.49%/yr for VAGT.DE. At a 0.34 correlation, their price movements are largely independent. DBXF.DE charges 0.15%/yr vs 0.05%/yr for VAGT.DE.
Performance
DBXF.DE vs. VAGT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXF.DE achieves a 1.17% return, which is significantly lower than VAGT.DE's 2.94% return.
DBXF.DE
- 1D
- -0.34%
- 1M
- 1.05%
- 6M
- 1.91%
- YTD
- 1.17%
- 1Y
- -1.77%
- 3Y*
- 0.32%
- 5Y*
- -7.27%
- 10Y*
- -2.52%
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 2.99%
- YTD
- 2.94%
- 1Y
- 6.02%
- 3Y*
- 1.49%
- 5Y*
- —
- 10Y*
- —
DBXF.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DBXF.DE Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) | 1.17% | -5.38% | -0.73% | 9.39% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.94% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between DBXF.DE and VAGT.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.34 |
Over the past year, the correlation between DBXF.DE and VAGT.DE has dropped to 0.11 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
DBXF.DE vs. VAGT.DE — Risk / Return Rank
DBXF.DE
VAGT.DE
DBXF.DE vs. VAGT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.DE) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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.
| DBXF.DE | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.20 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.51 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.61 | 3.92 | -4.53 |
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Drawdowns
DBXF.DE vs. VAGT.DE - Drawdown Comparison
The maximum DBXF.DE drawdown since its inception was -43.47%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for DBXF.DE and VAGT.DE.
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Drawdown Indicators
| DBXF.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.47% | -11.03% | -32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -4.00% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.81% | -11.03% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -41.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | — | — |
Current DrawdownCurrent decline from peak | -36.34% | -5.49% | -30.85% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -5.05% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.54% | +1.33% |
Volatility
DBXF.DE vs. VAGT.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.DE) has a higher volatility of 2.05% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 1.61%. This indicates that DBXF.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXF.DE | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 1.61% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 3.88% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.23% | 5.56% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 7.30% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.47% | 7.30% | +4.17% |
DBXF.DE vs. VAGT.DE - Expense Ratio Comparison
DBXF.DE has a 0.15% expense ratio, which is higher than VAGT.DE's 0.05% 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
DBXF.DE vs. VAGT.DE - Dividend Comparison
Neither DBXF.DE nor VAGT.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXF.DE and VAGT.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for DBXF.DE.
DBXF.DE tracks iBoxx EUR Eurozone 15-30 Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for DBXF.DE and 0.05% for VAGT.DE.
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