DBXQ.DE vs. VGEA.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - DBXQ.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, DBXQ.DE returned -0.28%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.83 suggests significant overlap in exposure. DBXQ.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
DBXQ.DE vs. VGEA.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 VGEA.DE's 0.11% 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%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
DBXQ.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 2.33% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between DBXQ.DE and VGEA.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.83 |
The correlation between DBXQ.DE and VGEA.DE has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
DBXQ.DE vs. VGEA.DE — Risk / Return Rank
DBXQ.DE
VGEA.DE
DBXQ.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.01 | +0.15 |
| Martin ratioReturn relative to average drawdown | 0.38 | -0.04 | +0.42 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.01 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.35 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.10 | +0.76 |
Drawdowns
DBXQ.DE vs. VGEA.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and VGEA.DE.
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Drawdown Indicators
| DBXQ.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -22.34% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.44% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.00% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -21.47% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | — | — |
Current DrawdownCurrent decline from peak | -2.16% | -13.91% | +11.75% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -10.30% | +8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.33% | -0.47% |
Volatility
DBXQ.DE vs. VGEA.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) is 1.01%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that DBXQ.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.67% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 3.62% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 4.33% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 6.39% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 5.86% | -2.55% |
DBXQ.DE vs. VGEA.DE - Expense Ratio Comparison
DBXQ.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, 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. VGEA.DE - Dividend Comparison
Neither DBXQ.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXQ.DE and VGEA.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for DBXQ.DE.
DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for DBXQ.DE and 0.07% for VGEA.DE.
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