DBZB.DE vs. FBND
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. DBZB.DE is passively managed, while FBND is actively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 2.34%/yr for FBND. At a 0.26 correlation, their price movements are largely independent. DBZB.DE charges 0.25%/yr vs 0.36%/yr for FBND.
Performance
DBZB.DE vs. FBND - Performance Comparison
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Different Trading Currencies
DBZB.DE is traded in EUR, while FBND is traded in USD. To make them comparable, the FBND 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 FBND's 1.76% return. Over the past 10 years, DBZB.DE has underperformed FBND with an annualized return of -0.99%, while FBND has yielded a comparatively higher 2.34% 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%
FBND
- 1D
- -0.03%
- 1M
- 0.92%
- YTD
- 1.76%
- 6M
- 0.87%
- 1Y
- 3.31%
- 3Y*
- 2.01%
- 5Y*
- 1.79%
- 10Y*
- 2.34%
DBZB.DE vs. FBND - 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% |
FBND Fidelity Total Bond ETF | 1.76% | -5.20% | 8.87% | 3.61% | -7.12% | 7.01% | 0.40% | 12.30% | 4.10% | -9.20% |
Correlation
The correlation between DBZB.DE and FBND is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.26 |
The correlation between DBZB.DE and FBND shifts across timeframes, from 0.12 (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. FBND — Risk / Return Rank
DBZB.DE
FBND
DBZB.DE vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.79 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.41 | -2.45 |
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 | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.58 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.23 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.28 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.38 | -0.16 |
Drawdowns
DBZB.DE vs. FBND - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, which is greater than FBND's maximum drawdown of -15.51%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and FBND.
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Drawdown Indicators
| DBZB.DE | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -15.51% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -4.20% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -11.59% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -11.59% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -15.51% | -6.37% |
Current DrawdownCurrent decline from peak | -16.44% | -6.11% | -10.33% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -5.08% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.42% | -0.16% |
Volatility
DBZB.DE vs. FBND - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a higher volatility of 1.48% compared to Fidelity Total Bond ETF (FBND) at 0.91%. This indicates that DBZB.DE's price experiences larger fluctuations and is considered to be riskier than FBND 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 | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.91% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.25% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 5.79% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 7.93% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 8.41% | -3.67% |
DBZB.DE vs. FBND - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
DBZB.DE vs. FBND - Dividend Comparison
DBZB.DE has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBND Fidelity Total Bond ETF | 4.70% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
DBZB.DE and FBND have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBZB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBZB.DE is cheaper with a 0.25% expense ratio, compared with 0.36% for FBND.
DBZB.DE is categorized as Global Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Xtrackers and Fidelity. Their fees differ too: 0.25% for DBZB.DE and 0.36% for FBND.
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