DBZB.DE vs. XDEQ.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 12.38%/yr for XDEQ.DE. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
DBZB.DE vs. XDEQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than XDEQ.DE's 9.48% return. Over the past 10 years, DBZB.DE has underperformed XDEQ.DE with an annualized return of -0.99%, while XDEQ.DE has yielded a comparatively higher 12.38% 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%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 4.30%
- YTD
- 9.48%
- 6M
- 10.18%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
DBZB.DE vs. XDEQ.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% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between DBZB.DE and XDEQ.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | -0.07 |
The correlation between DBZB.DE and XDEQ.DE shifts across timeframes, from -0.07 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBZB.DE vs. XDEQ.DE — Risk / Return Rank
DBZB.DE
XDEQ.DE
DBZB.DE vs. XDEQ.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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.04 | -3.06 |
| Martin ratioReturn relative to average drawdown | -0.04 | 12.17 | -12.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DBZB.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.78 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.80 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.85 | -1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.80 | -0.58 |
Drawdowns
DBZB.DE vs. XDEQ.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and XDEQ.DE.
Loading charts...
Drawdown Indicators
| DBZB.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -32.16% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -6.22% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -20.59% | +15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -20.59% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -32.16% | +10.28% |
Current DrawdownCurrent decline from peak | -16.44% | 0.00% | -16.44% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.75% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.56% | -0.30% |
Volatility
DBZB.DE vs. XDEQ.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a volatility of 2.36%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than XDEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBZB.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.36% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 7.32% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 10.64% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 14.12% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 15.35% | -10.61% |
DBZB.DE vs. XDEQ.DE - Expense Ratio Comparison
Both DBZB.DE and XDEQ.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. XDEQ.DE - Dividend Comparison
Neither DBZB.DE nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and XDEQ.DE have a correlation of 0.22, 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 XDEQ.DE have the same expense ratio: 0.25% per year.
DBZB.DE is categorized as Global Bonds, while XDEQ.DE is Global Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XDEQ.DE tracks MSCI ACWI NR USD.
Find the right allocation for DBZB.DE and XDEQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer