EIBB.DE vs. XGEZ.DE
EIBB.DE (Invesco Euro Government Bond UCITS ETF Dist) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EIBB.DE tracks the Bloomberg Euro Treasury Majors Bond while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EIBB.DE returned 2.47%/yr vs 1.15%/yr for XGEZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. EIBB.DE charges 0.10%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EIBB.DE vs. XGEZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBB.DE achieves a 1.28% return, which is significantly lower than XGEZ.DE's 1.60% return.
EIBB.DE
- 1D
- 0.22%
- 1M
- 0.86%
- YTD
- 1.28%
- 6M
- 1.53%
- 1Y
- 1.30%
- 3Y*
- 2.47%
- 5Y*
- -1.98%
- 10Y*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
EIBB.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 1.28% | 0.74% | 1.40% | 6.77% | -0.53% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between EIBB.DE and XGEZ.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.94 |
Over the past year, the correlation between EIBB.DE and XGEZ.DE has dropped to 0.72 - well below their long-term average of 0.94, suggesting their price drivers have been diverging.
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Return for Risk
EIBB.DE vs. XGEZ.DE — Risk / Return Rank
EIBB.DE
XGEZ.DE
EIBB.DE vs. XGEZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond UCITS ETF Dist (EIBB.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.
| EIBB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.06 | +0.33 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.12 | +0.91 |
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Drawdowns
EIBB.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EIBB.DE drawdown since its inception was -22.55%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for EIBB.DE and XGEZ.DE.
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Drawdown Indicators
| EIBB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -13.63% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -4.70% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -7.88% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | — | — |
Current DrawdownCurrent decline from peak | -13.12% | -3.99% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -5.39% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.11% | -0.86% |
Volatility
EIBB.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) is 1.03%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that EIBB.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
| EIBB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.75% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 5.23% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 6.42% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 9.92% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 9.92% | -3.97% |
EIBB.DE vs. XGEZ.DE - Expense Ratio Comparison
EIBB.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
EIBB.DE vs. XGEZ.DE - Dividend Comparison
EIBB.DE's dividend yield for the trailing twelve months is around 3.01%, more than XGEZ.DE's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 3.01% | 2.96% | 2.88% | 1.56% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
EIBB.DE and XGEZ.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIBB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIBB.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for XGEZ.DE.
EIBB.DE tracks Bloomberg Euro Treasury Majors Bond, 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 EIBB.DE and 0.18% for XGEZ.DE.
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