DBXG.DE vs. EXHC.DE
DBXG.DE (Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc)) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - DBXG.DE tracks the iBoxx EUR Eurozone 25+ Index while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 10 years, DBXG.DE returned -3.94%/yr vs -0.63%/yr for EXHC.DE. A 0.61 correlation means they provide meaningful diversification when combined. DBXG.DE charges 0.15%/yr vs 0.16%/yr for EXHC.DE.
Performance
DBXG.DE vs. EXHC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXG.DE achieves a 1.36% return, which is significantly higher than EXHC.DE's 0.37% return. Over the past 10 years, DBXG.DE has underperformed EXHC.DE with an annualized return of -3.94%, while EXHC.DE has yielded a comparatively higher -0.63% annualized return.
DBXG.DE
- 1D
- -0.30%
- 1M
- 0.94%
- 6M
- 2.61%
- YTD
- 1.36%
- 1Y
- -3.17%
- 3Y*
- -1.97%
- 5Y*
- -10.45%
- 10Y*
- -3.94%
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
DBXG.DE vs. EXHC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXG.DE Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) | 1.36% | -9.41% | -3.96% | 9.47% | -40.42% | -9.69% | 16.29% | 21.12% | 4.90% | -2.36% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
Correlation
The correlation between DBXG.DE and EXHC.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2007 | 0.61 |
The correlation between DBXG.DE and EXHC.DE shifts across timeframes, from 0.61 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBXG.DE vs. EXHC.DE — Risk / Return Rank
DBXG.DE
EXHC.DE
DBXG.DE vs. EXHC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) and iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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.
| DBXG.DE | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.03 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.19 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.90 | 0.46 | -1.36 |
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Drawdowns
DBXG.DE vs. EXHC.DE - Drawdown Comparison
The maximum DBXG.DE drawdown since its inception was -53.51%, which is greater than EXHC.DE's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for DBXG.DE and EXHC.DE.
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Drawdown Indicators
| DBXG.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.51% | -14.39% | -39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -2.06% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -2.33% | -15.29% |
Max Drawdown (5Y)Largest decline over 5 years | -51.05% | -12.55% | -38.50% |
Max Drawdown (10Y)Largest decline over 10 years | -53.51% | -14.39% | -39.12% |
Current DrawdownCurrent decline from peak | -48.73% | -6.78% | -41.95% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -2.90% | -13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.87% | +2.55% |
Volatility
DBXG.DE vs. EXHC.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) has a higher volatility of 2.60% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that DBXG.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXG.DE | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 0.52% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 2.06% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.03% | 2.39% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 3.59% | +14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 2.76% | +12.41% |
DBXG.DE vs. EXHC.DE - Expense Ratio Comparison
DBXG.DE has a 0.15% expense ratio, which is lower than EXHC.DE's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DBXG.DE vs. EXHC.DE - Dividend Comparison
DBXG.DE has not paid dividends to shareholders, while EXHC.DE's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXG.DE Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
Frequently Asked Questions
DBXG.DE and EXHC.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXG.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHC.DE.
DBXG.DE tracks iBoxx EUR Eurozone 25+ Index, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for DBXG.DE and 0.16% for EXHC.DE.
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