DBZB.DE vs. CEMQ.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while CEMQ.DE is a Europe Equities fund tracking the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 7.82%/yr for CEMQ.DE. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
DBZB.DE vs. CEMQ.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 CEMQ.DE's 4.17% return. Over the past 10 years, DBZB.DE has underperformed CEMQ.DE with an annualized return of -0.99%, while CEMQ.DE has yielded a comparatively higher 7.82% annualized return.
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.18%
- YTD
- -0.71%
- 6M
- -0.56%
- 1Y
- 0.09%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
CEMQ.DE
- 1D
- 0.82%
- 1M
- 1.15%
- YTD
- 4.17%
- 6M
- 5.95%
- 1Y
- 6.32%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
DBZB.DE vs. CEMQ.DE - 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% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 10.17% | 3.72% | 14.50% | -11.87% | 26.64% | 1.09% | 32.48% | -7.31% | 10.34% |
Correlation
The correlation between DBZB.DE and CEMQ.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | -0.00 |
The correlation between DBZB.DE and CEMQ.DE shifts across timeframes, from -0.00 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. CEMQ.DE — Risk / Return Rank
DBZB.DE
CEMQ.DE
DBZB.DE vs. CEMQ.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 iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.80 | -0.82 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.14 | -2.18 |
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 | CEMQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.57 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.41 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.52 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.48 | -0.25 |
Drawdowns
DBZB.DE vs. CEMQ.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum CEMQ.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and CEMQ.DE.
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Drawdown Indicators
| DBZB.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -33.74% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -8.40% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -14.90% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -19.69% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -33.74% | +11.86% |
Current DrawdownCurrent decline from peak | -16.44% | -2.60% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -5.35% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 3.17% | -1.91% |
Volatility
DBZB.DE vs. CEMQ.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) has a volatility of 3.97%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 3.97% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 9.53% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 11.93% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 14.02% | -8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 15.02% | -10.28% |
DBZB.DE vs. CEMQ.DE - Expense Ratio Comparison
Both DBZB.DE and CEMQ.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DBZB.DE vs. CEMQ.DE - Dividend Comparison
Neither DBZB.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and CEMQ.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBZB.DE and CEMQ.DE have the same expense ratio: 0.25% per year.
DBZB.DE is categorized as Global Bonds, while CEMQ.DE is Europe Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: Xtrackers and iShares.
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