DBXQ.DE vs. EXHB.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - DBXQ.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 10 years, DBXQ.DE returned 0.21%/yr vs -0.27%/yr for EXHB.DE. A 0.55 correlation means they provide meaningful diversification when combined. DBXQ.DE charges 0.15%/yr vs 0.16%/yr for EXHB.DE.
Performance
DBXQ.DE vs. EXHB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXQ.DE achieves a -0.05% return, which is significantly lower than EXHB.DE's 0.01% return. Over the past 10 years, DBXQ.DE has outperformed EXHB.DE with an annualized return of 0.21%, while EXHB.DE has yielded a comparatively lower -0.27% annualized return.
DBXQ.DE
- 1D
- -0.02%
- 1M
- -0.02%
- YTD
- -0.05%
- 6M
- -0.06%
- 1Y
- 0.64%
- 3Y*
- 2.83%
- 5Y*
- -0.28%
- 10Y*
- 0.21%
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.02%
- 1Y
- 0.58%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
DBXQ.DE vs. EXHB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | -0.05% | 2.57% | 2.23% | 5.50% | -10.12% | -1.37% | 1.56% | 2.56% | -0.06% | -0.19% |
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 DBXQ.DE and EXHB.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007 | 0.55 |
Over the past year, DBXQ.DE and EXHB.DE have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
DBXQ.DE vs. EXHB.DE — Risk / Return Rank
DBXQ.DE
EXHB.DE
DBXQ.DE vs. EXHB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.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.
| DBXQ.DE | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.36 | -0.23 |
| Martin ratioReturn relative to average drawdown | 0.38 | 1.07 | -0.69 |
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
| DBXQ.DE | EXHB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.34 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.12 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | -0.19 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.16 | +0.51 |
Drawdowns
DBXQ.DE vs. EXHB.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, which is greater than EXHB.DE's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and EXHB.DE.
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Drawdown Indicators
| DBXQ.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -10.06% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.17% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -1.17% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -6.45% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | -10.06% | -2.19% |
Current DrawdownCurrent decline from peak | -2.16% | -2.91% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -2.72% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.40% | +0.46% |
Volatility
DBXQ.DE vs. EXHB.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) has a higher volatility of 1.01% compared to iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) at 0.49%. This indicates that DBXQ.DE's price experiences larger fluctuations and is considered to be riskier 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
| DBXQ.DE | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.49% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 1.12% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 1.25% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 1.72% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 1.44% | +1.87% |
DBXQ.DE vs. EXHB.DE - Expense Ratio Comparison
DBXQ.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
DBXQ.DE vs. EXHB.DE - Dividend Comparison
DBXQ.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 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
DBXQ.DE and EXHB.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXQ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXQ.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, 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 DBXQ.DE and 0.16% for EXHB.DE.
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