DBZB.DE vs. SXRS.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and SXRS.DE (iShares Diversified Commodity Swap 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 SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs 12.06%/yr for SXRS.DE. At a correlation of -0.14, they often move in opposite directions. DBZB.DE charges 0.25%/yr vs 0.19%/yr for SXRS.DE.
Performance
DBZB.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -3.05%
- YTD
- 23.84%
- 6M
- 24.41%
- 1Y
- 35.20%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
DBZB.DE vs. SXRS.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% | 0.72% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between DBZB.DE and SXRS.DE is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | -0.14 |
Over the past year, the inverse relationship between DBZB.DE and SXRS.DE has strengthened: their correlation has moved from -0.14 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DBZB.DE vs. SXRS.DE — Risk / Return Rank
DBZB.DE
SXRS.DE
DBZB.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.00 | -4.02 |
| Martin ratioReturn relative to average drawdown | -0.04 | 8.95 | -8.99 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.87 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.70 | -1.16 |
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 | 0.53 | -0.31 |
Drawdowns
DBZB.DE vs. SXRS.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum SXRS.DE drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and SXRS.DE.
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Drawdown Indicators
| DBZB.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -27.64% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -8.75% | +5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -16.03% | +10.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -27.56% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | -4.99% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -13.12% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 3.92% | -2.66% |
Volatility
DBZB.DE vs. SXRS.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 5.76% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 16.67% | -13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 18.76% | -14.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 17.13% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 15.85% | -11.11% |
DBZB.DE vs. SXRS.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than SXRS.DE's 0.19% 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. SXRS.DE - Dividend Comparison
Neither DBZB.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and SXRS.DE have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while SXRS.DE is Commodities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.19% for SXRS.DE.
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