EXHD.DE vs. DBXP.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EXHD.DE tracks the eb.rexx® Government Germany 5.5-10.5 while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, EXHD.DE returned -1.06%/yr vs 0.22%/yr for DBXP.DE. At a 0.47 correlation, their price movements are largely independent. EXHD.DE charges 0.16%/yr vs 0.15%/yr for DBXP.DE.
Performance
EXHD.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than DBXP.DE's 0.04% return. Over the past 10 years, EXHD.DE has underperformed DBXP.DE with an annualized return of -1.06%, while DBXP.DE has yielded a comparatively higher 0.22% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
DBXP.DE
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 0.04%
- 6M
- 0.14%
- 1Y
- 0.89%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
EXHD.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between EXHD.DE and DBXP.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007 | 0.47 |
Over the past year, EXHD.DE and DBXP.DE have become more correlated (0.75) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
EXHD.DE vs. DBXP.DE — Risk / Return Rank
EXHD.DE
DBXP.DE
EXHD.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| EXHD.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.13 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.64 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.91 | 2.08 | -2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXHD.DE | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.65 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.40 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.12 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.23 |
Drawdowns
EXHD.DE vs. DBXP.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and DBXP.DE.
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Drawdown Indicators
| EXHD.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -6.77% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -1.24% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -1.24% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -5.67% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -6.77% | -15.64% |
Current DrawdownCurrent decline from peak | -17.09% | -0.55% | -16.54% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -1.00% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.39% | +1.09% |
Volatility
EXHD.DE vs. DBXP.DE - Volatility Comparison
iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) has a higher volatility of 1.99% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.46%. This indicates that EXHD.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHD.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.46% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 1.11% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 1.22% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 1.65% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 1.80% | +3.36% |
EXHD.DE vs. DBXP.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% expense ratio, which is higher than DBXP.DE's 0.15% 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
EXHD.DE vs. DBXP.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while DBXP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
Frequently Asked Questions
EXHD.DE and DBXP.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXP.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHD.DE.
EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHD.DE and 0.15% for DBXP.DE.
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