DBXQ.DE vs. XGEZ.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds from Xtrackers - DBXQ.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, DBXQ.DE returned 2.83%/yr vs 1.19%/yr for XGEZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. DBXQ.DE charges 0.15%/yr vs 0.18%/yr for XGEZ.DE.
Performance
DBXQ.DE vs. XGEZ.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 XGEZ.DE's 0.02% 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%
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
DBXQ.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | -0.05% | 2.57% | 2.23% | 5.50% | -0.26% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
Correlation
The correlation between DBXQ.DE and XGEZ.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.90 |
The correlation between DBXQ.DE and XGEZ.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
DBXQ.DE vs. XGEZ.DE — Risk / Return Rank
DBXQ.DE
XGEZ.DE
DBXQ.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.96 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.34 | +0.47 |
| Martin ratioReturn relative to average drawdown | 0.38 | -0.72 | +1.10 |
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 | XGEZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.25 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
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 | 0.17 | +0.50 |
Drawdowns
DBXQ.DE vs. XGEZ.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, smaller than the maximum XGEZ.DE drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and XGEZ.DE.
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Drawdown Indicators
| DBXQ.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -13.63% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -4.70% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -7.89% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | — | — |
Current DrawdownCurrent decline from peak | -2.16% | -5.48% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -5.39% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.20% | -1.34% |
Volatility
DBXQ.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) is 1.01%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 2.47%. This indicates that DBXQ.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.47% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 5.12% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 6.41% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 9.92% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 9.92% | -6.61% |
DBXQ.DE vs. XGEZ.DE - Expense Ratio Comparison
DBXQ.DE has a 0.15% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
DBXQ.DE has not paid dividends to shareholders, while XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
DBXQ.DE and XGEZ.DE have a correlation of 0.86, 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 0.18% for XGEZ.DE.
DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Their fees differ too: 0.15% for DBXQ.DE and 0.18% for XGEZ.DE.
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