DBXG.DE vs. XBO2.DE
DBXG.DE (Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - DBXG.DE tracks the iBoxx EUR Eurozone 25+ Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 10 years, DBXG.DE returned -3.98%/yr vs 0.71%/yr for XBO2.DE. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
DBXG.DE vs. XBO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXG.DE achieves a -1.04% return, which is significantly lower than XBO2.DE's 0.65% return. Over the past 10 years, DBXG.DE has underperformed XBO2.DE with an annualized return of -3.98%, while XBO2.DE has yielded a comparatively higher 0.71% annualized return.
DBXG.DE
- 1D
- 0.38%
- 1M
- -3.32%
- 6M
- -2.41%
- YTD
- -1.04%
- 1Y
- -2.98%
- 3Y*
- -3.12%
- 5Y*
- -11.38%
- 10Y*
- -3.98%
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
DBXG.DE vs. XBO2.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) | -1.04% | -9.41% | -3.96% | 9.47% | -40.42% | -9.69% | 16.29% | 21.12% | 4.90% | -2.36% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between DBXG.DE and XBO2.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.14 |
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Return for Risk
DBXG.DE vs. XBO2.DE — Risk / Return Rank
DBXG.DE
XBO2.DE
DBXG.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.54 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.83 | 4.21 | -5.05 |
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Drawdowns
DBXG.DE vs. XBO2.DE - Drawdown Comparison
The maximum DBXG.DE drawdown since its inception was -53.51%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for DBXG.DE and XBO2.DE.
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Drawdown Indicators
| DBXG.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.51% | -3.92% | -49.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -1.12% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -1.12% | -16.50% |
Max Drawdown (5Y)Largest decline over 5 years | -51.05% | -1.31% | -49.74% |
Max Drawdown (10Y)Largest decline over 10 years | -53.51% | -3.77% | -49.74% |
Current DrawdownCurrent decline from peak | -49.94% | -0.58% | -49.36% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -0.71% | -15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 0.41% | +3.16% |
Volatility
DBXG.DE vs. XBO2.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) has a higher volatility of 2.97% compared to Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) at 1.48%. This indicates that DBXG.DE's price experiences larger fluctuations and is considered to be riskier than XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.48% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 2.61% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 3.29% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 1.53% | +16.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 1.64% | +13.52% |
DBXG.DE vs. XBO2.DE - Expense Ratio Comparison
Both DBXG.DE and XBO2.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DBXG.DE vs. XBO2.DE - Dividend Comparison
Neither DBXG.DE nor XBO2.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXG.DE and XBO2.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBXG.DE and XBO2.DE have the same expense ratio: 0.15% per year.
DBXG.DE tracks iBoxx EUR Eurozone 25+ Index, while XBO2.DE tracks FTSE Eurozone BOT Index.
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