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EXHD.DE vs. VUAA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXHD.DE vs. VUAA.L

Last updated Jun 5, 2026

EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) are both exchange-traded funds - EXHD.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 5.5-10.5, while VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. At a 0.15 correlation, their price movements are largely independent. EXHD.DE charges 0.16%/yr vs 0.07%/yr for VUAA.L.

Performance

EXHD.DE vs. VUAA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EXHD.DE is traded in EUR, while VUAA.L is traded in USD. To make them comparable, the VUAA.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than VUAA.L's 11.28% 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%

VUAA.L

1D
-0.27%
1M
4.14%
YTD
11.28%
6M
10.75%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXHD.DE vs. VUAA.L - Yearly Performance Comparison

2026 (YTD)2025
EXHD.DE
iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)		-0.51%-0.43%
VUAA.L
Vanguard S&P 500 UCITS ETF USD Accumulation		11.28%12.15%

Correlation

The correlation between EXHD.DE and VUAA.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 9, 2025

0.15

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iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)

Vanguard S&P 500 UCITS ETF USD Accumulation

Often compared with EXHD.DE:
EXHD.DE vs. EMIM.LEXHD.DE vs. SJPA.LEXHD.DE vs. IBCI.DEEXHD.DE vs. ZPRX.DEEXHD.DE vs. 4GLD.DEEXHD.DE vs. DBMFEXHD.DE vs. SXRT.DE
Often compared with VUAA.L:
VUAA.L vs. VOOVUAA.L vs. CSPX.LVUAA.L vs. VWCE.DEVUAA.L vs. VUSA.ASVUAA.L vs. SXR8.DEVUAA.L vs. VUAG.LVUAA.L vs. SPY

Return for Risk

EXHD.DE vs. VUAA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXHD.DE
EXHD.DE Risk / Return Rank: 66
Overall Rank
EXHD.DE Sharpe Ratio Rank: 66
Sharpe Ratio Rank
EXHD.DE Sortino Ratio Rank: 66
Sortino Ratio Rank
EXHD.DE Omega Ratio Rank: 55
Omega Ratio Rank
EXHD.DE Calmar Ratio Rank: 66
Calmar Ratio Rank
EXHD.DE Martin Ratio Rank: 55
Martin Ratio Rank
VUAA.L
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXHD.DE vs. VUAA.L - 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 Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). 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.DEVUAA.LDifference
Sharpe ratioReturn per unit of total volatility
-0.31

—

—

Sortino ratioReturn per unit of downside risk
-0.40

—

—

Omega ratioGain probability vs. loss probability

0.95

—

—

Calmar ratioReturn relative to maximum drawdown

-0.35

—

—

Martin ratioReturn relative to average drawdown

-0.91

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXHD.DE vs. VUAA.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EXHD.DEVUAA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.31

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.44

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.20

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

2.00

-1.66

Drawdowns

EXHD.DE vs. VUAA.L - Drawdown Comparison

The maximum EXHD.DE drawdown since its inception was -22.41%, which is greater than VUAA.L's maximum drawdown of -7.08%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and VUAA.L.

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Drawdown Indicators

EXHD.DEVUAA.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.41%

-7.08%

-15.33%

Max Drawdown (1Y)

Largest decline over 1 year

-3.79%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-4.84%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.34%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-22.41%

—

—

Current Drawdown

Current decline from peak

-17.09%

-0.67%

-16.42%

Average Drawdown

Average peak-to-trough decline

-5.58%

-1.45%

-4.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.48%

2.07%

-0.59%

Volatility

EXHD.DE vs. VUAA.L - Volatility Comparison

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Volatility by Period

EXHD.DEVUAA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.99%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.57%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.30%

12.45%

-8.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.35%

12.45%

-6.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.16%

12.45%

-7.29%

EXHD.DE vs. VUAA.L - Expense Ratio Comparison

EXHD.DE has a 0.16% expense ratio, which is higher than VUAA.L's 0.07% 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. VUAA.L - Dividend Comparison

EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while VUAA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
VUAA.L
Vanguard S&P 500 UCITS ETF USD Accumulation		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

EXHD.DE and VUAA.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUAA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUAA.L is cheaper with a 0.07% expense ratio, compared with 0.16% for EXHD.DE.

EXHD.DE is categorized as European Government Bonds, while VUAA.L is S&P 500. EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while VUAA.L tracks S&P 500 Net Total Return. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for EXHD.DE and 0.07% for VUAA.L.

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