DBZB.DE vs. BND
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 1.38%/yr for BND. At a 0.23 correlation, their price movements are largely independent. DBZB.DE charges 0.25%/yr vs 0.03%/yr for BND.
Performance
DBZB.DE vs. BND - Performance Comparison
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Different Trading Currencies
DBZB.DE is traded in EUR, while BND is traded in USD. To make them comparable, the BND values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than BND's 1.55% return. Over the past 10 years, DBZB.DE has underperformed BND with an annualized return of -0.99%, while BND has yielded a comparatively higher 1.38% annualized 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%
BND
- 1D
- -0.00%
- 1M
- 0.90%
- YTD
- 1.55%
- 6M
- 0.71%
- 1Y
- 2.84%
- 3Y*
- 1.24%
- 5Y*
- 1.04%
- 10Y*
- 1.38%
DBZB.DE vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -0.36% | -0.12% |
BND Vanguard Total Bond Market ETF | 1.55% | -5.62% | 8.07% | 2.49% | -7.73% | 5.48% | -1.16% | 11.29% | 4.57% | -9.16% |
Correlation
The correlation between DBZB.DE and BND is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009 | 0.23 |
The correlation between DBZB.DE and BND shifts across timeframes, from 0.10 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. BND — Risk / Return Rank
DBZB.DE
BND
DBZB.DE vs. BND - 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 Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.68 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.03 | -2.07 |
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 | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.49 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.13 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.17 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.40 | -0.18 |
Drawdowns
DBZB.DE vs. BND - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, which is greater than BND's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and BND.
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Drawdown Indicators
| DBZB.DE | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -16.72% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -4.18% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -11.20% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -12.22% | -7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -15.87% | -6.01% |
Current DrawdownCurrent decline from peak | -16.44% | -6.60% | -9.84% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.56% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.45% | -0.19% |
Volatility
DBZB.DE vs. BND - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a higher volatility of 1.48% compared to Vanguard Total Bond Market ETF (BND) at 0.87%. This indicates that DBZB.DE's price experiences larger fluctuations and is considered to be riskier than BND 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 | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.87% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.29% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 5.81% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 8.13% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 8.12% | -3.38% |
DBZB.DE vs. BND - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than BND's 0.03% 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. BND - Dividend Comparison
DBZB.DE has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBZB.DE and BND have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while BND is Total Bond Market. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.25% for DBZB.DE and 0.03% for BND.
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