EXHC.DE vs. UEEG.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) are both Government Bonds funds from iShares - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, EXHC.DE returned -1.04%/yr vs -0.99%/yr for UEEG.DE. A 0.56 correlation means they provide meaningful diversification when combined. EXHC.DE charges 0.16%/yr vs 0.18%/yr for UEEG.DE.
Performance
EXHC.DE vs. UEEG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.30% return, which is significantly higher than UEEG.DE's -0.84% return.
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.63%
- YTD
- -0.84%
- 1Y
- 1.29%
- 3Y*
- 2.07%
- 5Y*
- -0.99%
- 10Y*
- —
EXHC.DE vs. UEEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.15% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.84% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
Correlation
The correlation between EXHC.DE and UEEG.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.56 |
The correlation between EXHC.DE and UEEG.DE shifts across timeframes, from 0.37 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. UEEG.DE — Risk / Return Rank
EXHC.DE
UEEG.DE
EXHC.DE vs. UEEG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) and iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.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.
| EXHC.DE | UEEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.56 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.32 | 1.28 | -1.60 |
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Drawdowns
EXHC.DE vs. UEEG.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, roughly equal to the maximum UEEG.DE drawdown of -13.77%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and UEEG.DE.
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Drawdown Indicators
| EXHC.DE | UEEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -13.77% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -2.30% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -3.22% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -12.90% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -7.40% | -6.19% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -7.23% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.01% | -0.11% |
Volatility
EXHC.DE vs. UEEG.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.66%, while iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a volatility of 1.00%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky than UEEG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHC.DE | UEEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.00% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.78% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 3.62% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 4.30% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 4.03% | -1.26% |
EXHC.DE vs. UEEG.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is lower than UEEG.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
EXHC.DE vs. UEEG.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, while UEEG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHC.DE and UEEG.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHC.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for UEEG.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). Their fees differ too: 0.16% for EXHC.DE and 0.18% for UEEG.DE.
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