DBXP.DE vs. EXHB.DE
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - DBXP.DE tracks the iBoxx® EUR Eurozone 1-3 while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 10 years, DBXP.DE returned 0.22%/yr vs -0.27%/yr for EXHB.DE. A 0.52 correlation means they provide meaningful diversification when combined. DBXP.DE charges 0.15%/yr vs 0.16%/yr for EXHB.DE.
Performance
DBXP.DE vs. EXHB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.04% return, which is significantly higher than EXHB.DE's 0.01% return. Over the past 10 years, DBXP.DE has outperformed EXHB.DE with an annualized return of 0.22%, while EXHB.DE has yielded a comparatively lower -0.27% annualized return.
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- -0.00%
- 1Y
- 0.43%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
DBXP.DE vs. EXHB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | -0.54% | -1.07% |
Correlation
The correlation between DBXP.DE and EXHB.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007 | 0.52 |
Over the past year, DBXP.DE and EXHB.DE have become more correlated (0.73) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
DBXP.DE vs. EXHB.DE — Risk / Return Rank
DBXP.DE
EXHB.DE
DBXP.DE vs. EXHB.DE - 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 eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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.
| DBXP.DE | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.36 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.08 | 1.07 | +1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBXP.DE | EXHB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.34 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.12 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.19 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.16 | +0.40 |
Drawdowns
DBXP.DE vs. EXHB.DE - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum EXHB.DE drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and EXHB.DE.
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Drawdown Indicators
| DBXP.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -10.06% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.17% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -1.17% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -6.45% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -10.06% | +3.29% |
Current DrawdownCurrent decline from peak | -0.55% | -2.91% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -2.72% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.40% | -0.01% |
Volatility
DBXP.DE vs. EXHB.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.46%, while iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) has a volatility of 0.49%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than EXHB.DE 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 | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.49% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.12% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 1.25% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 1.72% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 1.44% | +0.36% |
DBXP.DE vs. EXHB.DE - Expense Ratio Comparison
DBXP.DE has a 0.15% expense ratio, which is lower than EXHB.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
DBXP.DE vs. EXHB.DE - Dividend Comparison
DBXP.DE has not paid dividends to shareholders, while EXHB.DE's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
Frequently Asked Questions
DBXP.DE and EXHB.DE have a correlation of 0.73, 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 0.16% for EXHB.DE.
DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for DBXP.DE and 0.16% for EXHB.DE.
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