EXHD.DE vs. X03B.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and X03B.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 X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, EXHD.DE returned -1.06%/yr vs 0.23%/yr for X03B.DE. A 0.54 correlation means they provide meaningful diversification when combined. EXHD.DE charges 0.16%/yr vs 0.15%/yr for X03B.DE.
Performance
EXHD.DE vs. X03B.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than X03B.DE's 0.05% return. Over the past 10 years, EXHD.DE has underperformed X03B.DE with an annualized return of -1.06%, while X03B.DE has yielded a comparatively higher 0.23% 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%
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
EXHD.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
Correlation
The correlation between EXHD.DE and X03B.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.54 |
Over the past year, EXHD.DE and X03B.DE have become more correlated (0.83) than their long-term average of 0.54, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EXHD.DE vs. X03B.DE — Risk / Return Rank
EXHD.DE
X03B.DE
EXHD.DE vs. X03B.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 (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.13 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.63 | -0.99 |
| Martin ratioReturn relative to average drawdown | -0.91 | 2.04 | -2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EXHD.DE | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.62 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.41 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.17 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.57 | -0.24 |
Drawdowns
EXHD.DE vs. X03B.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and X03B.DE.
Loading charts...
Drawdown Indicators
| EXHD.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -6.78% | -15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -1.28% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -1.28% | -3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -5.67% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -6.78% | -15.63% |
Current DrawdownCurrent decline from peak | -17.09% | -0.51% | -16.58% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -1.19% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.40% | +1.08% |
Volatility
EXHD.DE vs. X03B.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 (X03B.DE) at 0.50%. This indicates that EXHD.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXHD.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.50% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 1.20% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 1.30% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 1.63% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 1.32% | +3.84% |
EXHD.DE vs. X03B.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% expense ratio, which is higher than X03B.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. X03B.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, less than X03B.DE's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
EXHD.DE and X03B.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.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 X03B.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 X03B.DE.
Find the right allocation for EXHD.DE and X03B.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer