DBZB.DE vs. XDWH.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and XDWH.DE (Xtrackers MSCI World Health Care 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 XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 7.61%/yr for XDWH.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
DBZB.DE vs. XDWH.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 higher than XDWH.DE's -1.98% return. Over the past 10 years, DBZB.DE has underperformed XDWH.DE with an annualized return of -0.99%, while XDWH.DE has yielded a comparatively higher 7.61% annualized return.
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
XDWH.DE
- 1D
- 2.85%
- 1M
- 3.42%
- YTD
- -1.98%
- 6M
- -1.51%
- 1Y
- 9.79%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
DBZB.DE vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.04% | -0.07% | 30.55% | 2.69% | 27.24% | 5.96% | 5.52% |
Correlation
The correlation between DBZB.DE and XDWH.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2016 | -0.01 |
The correlation between DBZB.DE and XDWH.DE shifts across timeframes, from -0.01 (10 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. XDWH.DE — Risk / Return Rank
DBZB.DE
XDWH.DE
DBZB.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.93 | -0.94 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.28 | -2.32 |
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 | XDWH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.70 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.41 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.51 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.55 | -0.33 |
Drawdowns
DBZB.DE vs. XDWH.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum XDWH.DE drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and XDWH.DE.
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Drawdown Indicators
| DBZB.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -26.08% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -10.32% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -21.12% | +15.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -21.12% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -26.08% | +4.20% |
Current DrawdownCurrent decline from peak | -16.44% | -8.51% | -7.93% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.82% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 4.20% | -2.94% |
Volatility
DBZB.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.81%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 4.81% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 9.51% | -6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 13.69% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 13.43% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 14.69% | -9.95% |
DBZB.DE vs. XDWH.DE - Expense Ratio Comparison
Both DBZB.DE and XDWH.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. XDWH.DE - Dividend Comparison
Neither DBZB.DE nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and XDWH.DE have a correlation of 0.21, 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 XDWH.DE have the same expense ratio: 0.25% per year.
DBZB.DE is categorized as Global Bonds, while XDWH.DE is Health & Biotech Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XDWH.DE tracks MSCI World/Health Care NR USD.
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