DBXP.DE vs. EGLN.L
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - DBXP.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, DBXP.DE returned 0.25%/yr vs 10.77%/yr for EGLN.L. At a 0.15 correlation, their price movements are largely independent. DBXP.DE charges 0.15%/yr vs 0.25%/yr for EGLN.L.
Performance
DBXP.DE vs. EGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.24% return, which is significantly higher than EGLN.L's -0.76% return. Over the past 10 years, DBXP.DE has underperformed EGLN.L with an annualized return of 0.25%, while EGLN.L has yielded a comparatively higher 10.77% annualized return.
DBXP.DE
- 1D
- 0.16%
- 1M
- 0.43%
- YTD
- 0.24%
- 6M
- 0.42%
- 1Y
- 0.98%
- 3Y*
- 2.70%
- 5Y*
- 0.70%
- 10Y*
- 0.25%
EGLN.L
- 1D
- 2.84%
- 1M
- -9.14%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 24.31%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
DBXP.DE vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.24% | 2.21% | 2.99% | 3.41% | -4.65% | -0.79% | -0.18% | 0.17% | -0.37% | -0.45% |
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
Correlation
The correlation between DBXP.DE and EGLN.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.15 |
The correlation between DBXP.DE and EGLN.L shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBXP.DE vs. EGLN.L — Risk / Return Rank
DBXP.DE
EGLN.L
DBXP.DE vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and iShares Physical Gold ETC (EGLN.L). 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.
| DBXP.DE | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.10 | -0.31 |
| Martin ratioReturn relative to average drawdown | 2.48 | 3.36 | -0.88 |
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Drawdowns
DBXP.DE vs. EGLN.L - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum EGLN.L drawdown of -47.44%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and EGLN.L.
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Drawdown Indicators
| DBXP.DE | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -47.44% | +40.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -21.94% | +20.70% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -21.94% | +20.70% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -21.94% | +16.27% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -26.21% | +19.44% |
Current DrawdownCurrent decline from peak | -0.35% | -19.73% | +19.38% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -22.54% | +21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 7.17% | -6.78% |
Volatility
DBXP.DE vs. EGLN.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.45%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 6.72%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXP.DE | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 6.72% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 20.79% | -19.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 23.72% | -22.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 17.26% | -15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 16.00% | -14.20% |
DBXP.DE vs. EGLN.L - Expense Ratio Comparison
DBXP.DE has a 0.15% expense ratio, which is lower than EGLN.L's 0.25% 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
DBXP.DE vs. EGLN.L - Dividend Comparison
Neither DBXP.DE nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
DBXP.DE and EGLN.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXP.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for EGLN.L.
DBXP.DE is categorized as European Government Bonds, while EGLN.L is Gold. DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for DBXP.DE and 0.25% for EGLN.L.
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