DBZB.DE vs. 10AK.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and 10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) are both Global Bonds funds - DBZB.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while 10AK.DE tracks the JP Morgan Government Bond Global. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs -2.43%/yr for 10AK.DE. A 0.59 correlation means they provide meaningful diversification when combined. DBZB.DE charges 0.25%/yr vs 0.20%/yr for 10AK.DE.
Performance
DBZB.DE vs. 10AK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than 10AK.DE's 0.09% return.
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
10AK.DE
- 1D
- 0.01%
- 1M
- 0.45%
- YTD
- 0.09%
- 6M
- -0.62%
- 1Y
- -2.09%
- 3Y*
- -1.30%
- 5Y*
- -2.43%
- 10Y*
- —
DBZB.DE vs. 10AK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | 0.13% |
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 0.09% | -5.55% | 2.06% | 0.12% | -12.21% | 1.15% | -0.06% | 8.09% | 5.41% |
Correlation
The correlation between DBZB.DE and 10AK.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.59 |
The correlation between DBZB.DE and 10AK.DE shifts across timeframes, from 0.42 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. 10AK.DE — Risk / Return Rank
DBZB.DE
10AK.DE
DBZB.DE vs. 10AK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.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.
| DBZB.DE | 10AK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.92 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.67 | +0.66 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.23 | +1.19 |
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
| DBZB.DE | 10AK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.52 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.37 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.05 | +0.27 |
Drawdowns
DBZB.DE vs. 10AK.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, roughly equal to the maximum 10AK.DE drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and 10AK.DE.
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Drawdown Indicators
| DBZB.DE | 10AK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -20.98% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.11% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -8.61% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -17.53% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | -20.12% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -10.25% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.69% | -0.43% |
Volatility
DBZB.DE vs. 10AK.DE - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a higher volatility of 1.48% compared to Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) at 1.04%. This indicates that DBZB.DE's price experiences larger fluctuations and is considered to be riskier than 10AK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBZB.DE | 10AK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.04% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.98% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.00% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 6.49% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 6.17% | -1.43% |
DBZB.DE vs. 10AK.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than 10AK.DE's 0.20% 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
DBZB.DE vs. 10AK.DE - Dividend Comparison
DBZB.DE has not paid dividends to shareholders, while 10AK.DE's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 2.62% | 2.63% | 2.07% | 1.79% | 1.61% | 1.39% | 1.68% | 1.82% | 0.58% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBZB.DE and 10AK.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 10AK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
10AK.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while 10AK.DE tracks JP Morgan Government Bond Global. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for DBZB.DE and 0.20% for 10AK.DE.
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