DBXG.DE vs. XDEW.DE
DBXG.DE (Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DBXG.DE is a Government Bonds fund tracking the iBoxx EUR Eurozone 25+ Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, DBXG.DE returned -3.98%/yr vs 11.04%/yr for XDEW.DE. At a correlation of -0.02, they often move in opposite directions. DBXG.DE charges 0.15%/yr vs 0.20%/yr for XDEW.DE.
Performance
DBXG.DE vs. XDEW.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 XDEW.DE's 14.50% return. Over the past 10 years, DBXG.DE has underperformed XDEW.DE with an annualized return of -3.98%, while XDEW.DE has yielded a comparatively higher 11.04% 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%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
DBXG.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between DBXG.DE and XDEW.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | -0.02 |
The correlation between DBXG.DE and XDEW.DE shifts across timeframes, from -0.02 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBXG.DE vs. XDEW.DE — Risk / Return Rank
DBXG.DE
XDEW.DE
DBXG.DE vs. XDEW.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 S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.35 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.91 | -4.35 |
| Martin ratioReturn relative to average drawdown | -0.83 | 12.05 | -12.88 |
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Drawdowns
DBXG.DE vs. XDEW.DE - Drawdown Comparison
The maximum DBXG.DE drawdown since its inception was -53.51%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DBXG.DE and XDEW.DE.
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Drawdown Indicators
| DBXG.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.51% | -38.79% | -14.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -5.06% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -22.70% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -51.05% | -22.70% | -28.35% |
Max Drawdown (10Y)Largest decline over 10 years | -53.51% | -38.79% | -14.72% |
Current DrawdownCurrent decline from peak | -49.94% | -0.61% | -49.33% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -5.33% | -10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.65% | +1.92% |
Volatility
DBXG.DE vs. XDEW.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) has a higher volatility of 2.97% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that DBXG.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.81% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 6.82% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 10.43% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 14.90% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 16.80% | -1.64% |
DBXG.DE vs. XDEW.DE - Expense Ratio Comparison
DBXG.DE has a 0.15% expense ratio, which is lower than XDEW.DE's 0.20% 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. XDEW.DE - Dividend Comparison
Neither DBXG.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXG.DE and XDEW.DE have a correlation of 0.28, 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 0.20% for XDEW.DE.
DBXG.DE is categorized as Government Bonds, while XDEW.DE is S&P 500. DBXG.DE tracks iBoxx EUR Eurozone 25+ Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.15% for DBXG.DE and 0.20% for XDEW.DE.
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