EXHC.DE vs. XUTE.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged). Both are passively managed. Over the past 5 years, EXHC.DE returned -1.02%/yr vs -2.70%/yr for XUTE.DE. A 0.63 correlation means they provide meaningful diversification when combined. EXHC.DE charges 0.16%/yr vs 0.10%/yr for XUTE.DE.
Performance
EXHC.DE vs. XUTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.23% return, which is significantly higher than XUTE.DE's -1.14% return.
EXHC.DE
- 1D
- 0.03%
- 1M
- -0.36%
- 6M
- -0.63%
- YTD
- -0.23%
- 1Y
- -0.10%
- 3Y*
- 2.10%
- 5Y*
- -1.02%
- 10Y*
- -0.68%
XUTE.DE
- 1D
- 0.15%
- 1M
- -0.35%
- 6M
- -1.25%
- YTD
- -1.14%
- 1Y
- 1.57%
- 3Y*
- 0.91%
- 5Y*
- -2.70%
- 10Y*
- —
EXHC.DE vs. XUTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.23% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.14% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
Correlation
The correlation between EXHC.DE and XUTE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.63 |
The correlation between EXHC.DE and XUTE.DE has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
EXHC.DE vs. XUTE.DE — Risk / Return Rank
EXHC.DE
XUTE.DE
EXHC.DE vs. XUTE.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 Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.45 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.11 | 1.11 | -1.22 |
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Drawdowns
EXHC.DE vs. XUTE.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, smaller than the maximum XUTE.DE drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and XUTE.DE.
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Drawdown Indicators
| EXHC.DE | XUTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -23.77% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -3.49% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -5.77% | +3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -20.57% | +8.02% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -7.34% | -17.02% | +9.68% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -9.87% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.41% | -0.52% |
Volatility
EXHC.DE vs. XUTE.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 Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a volatility of 0.98%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky than XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.98% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.75% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 3.71% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 5.71% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 5.08% | -2.31% |
EXHC.DE vs. XUTE.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is higher than XUTE.DE's 0.10% expense ratio. However, 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. XUTE.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, less than XUTE.DE's 3.40% yield.
| 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% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHC.DE and XUTE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for EXHC.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHC.DE and 0.10% for XUTE.DE.
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