EIB5.DE vs. X03B.DE
EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EIB5.DE tracks the Bloomberg Euro Government Select 3-5 while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, EIB5.DE returned -0.40%/yr vs 0.70%/yr for X03B.DE. Their correlation of 0.87 suggests significant overlap in exposure. EIB5.DE charges 0.10%/yr vs 0.15%/yr for X03B.DE.
Performance
EIB5.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB5.DE achieves a -0.71% return, which is significantly lower than X03B.DE's 0.12% return.
EIB5.DE
- 1D
- -0.06%
- 1M
- -0.61%
- 6M
- -0.87%
- YTD
- -0.71%
- 1Y
- 0.23%
- 3Y*
- 2.75%
- 5Y*
- -0.40%
- 10Y*
- —
X03B.DE
- 1D
- -0.03%
- 1M
- -0.13%
- 6M
- 0.02%
- YTD
- 0.12%
- 1Y
- 0.73%
- 3Y*
- 2.65%
- 5Y*
- 0.70%
- 10Y*
- 0.22%
EIB5.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | -0.71% | 2.92% | 2.22% | 5.31% | -10.04% | -1.25% | 1.21% | -1.13% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.12% | 2.25% | 3.05% | 3.36% | -4.65% | -0.78% | -0.13% | -0.45% |
Correlation
The correlation between EIB5.DE and X03B.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.87 |
Over the past year, the correlation between EIB5.DE and X03B.DE has dropped to 0.60 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
EIB5.DE vs. X03B.DE — Risk / Return Rank
EIB5.DE
X03B.DE
EIB5.DE vs. X03B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIB5.DE | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.57 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.21 | 1.75 | -1.55 |
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Drawdowns
EIB5.DE vs. X03B.DE - Drawdown Comparison
The maximum EIB5.DE drawdown since its inception was -12.19%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EIB5.DE and X03B.DE.
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Drawdown Indicators
| EIB5.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.19% | -6.78% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -1.28% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -1.28% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -5.67% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.73% | — |
Current DrawdownCurrent decline from peak | -2.50% | -0.45% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -1.17% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.42% | +0.67% |
Volatility
EIB5.DE vs. X03B.DE - Volatility Comparison
Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) has a higher volatility of 1.39% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.37%. This indicates that EIB5.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIB5.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.37% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 1.25% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.32% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 1.64% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 1.33% | +2.11% |
EIB5.DE vs. X03B.DE - Expense Ratio Comparison
EIB5.DE has a 0.10% expense ratio, which is lower than X03B.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EIB5.DE vs. X03B.DE - Dividend Comparison
EIB5.DE's dividend yield for the trailing twelve months is around 2.49%, more than X03B.DE's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | 2.49% | 2.50% | 2.73% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
EIB5.DE and X03B.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB5.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for X03B.DE.
EIB5.DE tracks Bloomberg Euro Government Select 3-5, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for EIB5.DE and 0.15% for X03B.DE.
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