EIBX.DE vs. XGEZ.DE
EIBX.DE (Invesco Euro Government Bond 7-10 Year UCITS ETF Dist) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EIBX.DE tracks the Bloomberg Euro Government Select 7-10 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EIBX.DE returned 2.68%/yr vs 1.00%/yr for XGEZ.DE. With a 0.96 correlation, they move nearly in lockstep. EIBX.DE charges 0.10%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EIBX.DE vs. XGEZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBX.DE achieves a -0.50% return, which is significantly higher than XGEZ.DE's -0.54% return.
EIBX.DE
- 1D
- -0.13%
- 1M
- -1.31%
- 6M
- -1.02%
- YTD
- -0.50%
- 1Y
- 0.46%
- 3Y*
- 2.68%
- 5Y*
- -2.61%
- 10Y*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- -1.47%
- 6M
- -1.42%
- YTD
- -0.54%
- 1Y
- -0.58%
- 3Y*
- 1.00%
- 5Y*
- —
- 10Y*
- —
EIBX.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | -0.50% | 1.88% | 0.91% | 8.83% | -0.93% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | -0.54% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between EIBX.DE and XGEZ.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.96 |
The correlation between EIBX.DE and XGEZ.DE shifts across timeframes, from 0.84 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIBX.DE vs. XGEZ.DE — Risk / Return Rank
EIBX.DE
XGEZ.DE
EIBX.DE vs. XGEZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.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.
| EIBX.DE | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.12 | +0.24 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.27 | +0.55 |
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Drawdowns
EIBX.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EIBX.DE drawdown since its inception was -23.08%, 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 EIBX.DE and XGEZ.DE.
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Drawdown Indicators
| EIBX.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.08% | -13.63% | -9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -4.70% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -7.82% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | — | — |
Current DrawdownCurrent decline from peak | -13.74% | -6.01% | -7.73% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -5.38% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.18% | -0.57% |
Volatility
EIBX.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) is 1.55%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.67%. This indicates that EIBX.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
| EIBX.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.67% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 5.25% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 6.45% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 9.87% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 9.87% | -3.31% |
EIBX.DE vs. XGEZ.DE - Expense Ratio Comparison
EIBX.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
EIBX.DE vs. XGEZ.DE - Dividend Comparison
EIBX.DE's dividend yield for the trailing twelve months is around 3.01%, more than XGEZ.DE's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | 3.01% | 2.89% | 2.87% | 2.43% | 0.12% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.11% | 1.99% | 2.07% | 1.27% | 0.00% |
Frequently Asked Questions
EIBX.DE and XGEZ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIBX.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIBX.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for XGEZ.DE.
EIBX.DE tracks Bloomberg Euro Government Select 7-10, 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 EIBX.DE and 0.18% for XGEZ.DE.
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