EXHB.DE vs. XGEZ.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EXHB.DE returned 2.34%/yr vs 1.15%/yr for XGEZ.DE. A 0.69 correlation means they provide meaningful diversification when combined. EXHB.DE charges 0.16%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EXHB.DE vs. XGEZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.39% return, which is significantly lower than XGEZ.DE's 1.60% return.
EXHB.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.39%
- 6M
- 0.46%
- 1Y
- 0.79%
- 3Y*
- 2.34%
- 5Y*
- 0.30%
- 10Y*
- -0.24%
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
EXHB.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.39% | 1.66% | 2.55% | 2.59% | -0.87% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between EXHB.DE and XGEZ.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.69 |
The correlation between EXHB.DE and XGEZ.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
EXHB.DE vs. XGEZ.DE — Risk / Return Rank
EXHB.DE
XGEZ.DE
EXHB.DE vs. XGEZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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.
| EXHB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.06 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.88 | 0.12 | +1.76 |
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Drawdowns
EXHB.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -9.97%, smaller than the maximum XGEZ.DE drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and XGEZ.DE.
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Drawdown Indicators
| EXHB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.97% | -13.63% | +3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -4.70% | +3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -7.88% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.97% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -3.99% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -5.39% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.11% | -1.69% |
Volatility
EXHB.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.37%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that EXHB.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
| EXHB.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 1.75% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 5.23% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 6.42% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 9.92% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 9.92% | -8.48% |
EXHB.DE vs. XGEZ.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% 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
EXHB.DE vs. XGEZ.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, less than XGEZ.DE's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.97% | 1.50% | 1.42% | 1.49% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHB.DE and XGEZ.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHB.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for XGEZ.DE.
EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHB.DE and 0.18% for XGEZ.DE.
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