EIB5.DE vs. XGEZ.DE
EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EIB5.DE tracks the Bloomberg Euro Government Select 3-5 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EIB5.DE returned 2.75%/yr vs 0.46%/yr for XGEZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. EIB5.DE charges 0.10%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EIB5.DE vs. XGEZ.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 higher than XGEZ.DE's -0.85% 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*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- -1.93%
- 6M
- -1.58%
- YTD
- -0.85%
- 1Y
- -1.14%
- 3Y*
- 0.46%
- 5Y*
- —
- 10Y*
- —
EIB5.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | -0.71% | 2.92% | 2.22% | 5.31% | -0.75% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | -0.85% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between EIB5.DE and XGEZ.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.82 |
Over the past year, the correlation between EIB5.DE and XGEZ.DE has dropped to 0.56 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
EIB5.DE vs. XGEZ.DE — Risk / Return Rank
EIB5.DE
XGEZ.DE
EIB5.DE vs. XGEZ.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 II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.98 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.24 | +0.33 |
| Martin ratioReturn relative to average drawdown | 0.21 | -0.52 | +0.73 |
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Drawdowns
EIB5.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EIB5.DE drawdown since its inception was -12.19%, smaller than the maximum XGEZ.DE drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for EIB5.DE and XGEZ.DE.
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Drawdown Indicators
| EIB5.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.19% | -13.63% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -4.70% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -7.82% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -6.31% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -5.38% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.19% | -1.10% |
Volatility
EIB5.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) is 1.39%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.68%. This indicates that EIB5.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.68% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 5.25% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 6.45% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 9.86% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 9.86% | -6.42% |
EIB5.DE vs. XGEZ.DE - Expense Ratio Comparison
EIB5.DE has a 0.10% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
EIB5.DE's dividend yield for the trailing twelve months is around 2.49%, more than XGEZ.DE's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | 2.49% | 2.50% | 2.73% | 1.95% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.11% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
EIB5.DE and XGEZ.DE have a correlation of 0.56, 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 0.18% for XGEZ.DE.
EIB5.DE tracks Bloomberg Euro Government Select 3-5, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for EIB5.DE and 0.18% for XGEZ.DE.
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