DBZB.DE vs. VWCE.DE
Compare and contrast key facts about Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE).
DBZB.DE and VWCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBZB.DE is a passively managed fund by Xtrackers that tracks the performance of the FTSE World Government Bond - Developed Markets (EUR Hedged). It was launched on Oct 20, 2008. VWCE.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World Index. It was launched on Jul 23, 2019. Both DBZB.DE and VWCE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBZB.DE vs. VWCE.DE - Performance Comparison
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DBZB.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.53% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 0.12% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | -0.47% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.53% return, which is significantly lower than VWCE.DE's -0.47% return.
DBZB.DE
- 1D
- -0.22%
- 1M
- -1.41%
- YTD
- -0.53%
- 6M
- -0.82%
- 1Y
- -0.05%
- 3Y*
- 0.34%
- 5Y*
- -2.52%
- 10Y*
- -0.93%
VWCE.DE
- 1D
- -0.11%
- 1M
- -1.99%
- YTD
- -0.47%
- 6M
- 2.61%
- 1Y
- 13.70%
- 3Y*
- 14.86%
- 5Y*
- 9.97%
- 10Y*
- —
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DBZB.DE vs. VWCE.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than VWCE.DE's 0.22% 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%.
Return for Risk
DBZB.DE vs. VWCE.DE — Risk / Return Rank
DBZB.DE
VWCE.DE
DBZB.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 0.86 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.02 | 1.23 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.95 | -3.18 |
Martin ratioReturn relative to average drawdown | -0.40 | 11.73 | -12.13 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.86 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.72 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.68 | -0.45 |
Correlation
The correlation between DBZB.DE and VWCE.DE is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DBZB.DE vs. VWCE.DE - Dividend Comparison
Neither DBZB.DE nor VWCE.DE has paid dividends to shareholders.
Drawdowns
DBZB.DE vs. VWCE.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and VWCE.DE.
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Drawdown Indicators
| DBZB.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -33.43% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -8.90% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -21.07% | +1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.29% | -4.06% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -4.80% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.65% | +0.30% |
Volatility
DBZB.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.67%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 4.40%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 4.40% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 8.53% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 15.78% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 13.72% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 16.25% | -11.54% |