EXHD.DE vs. XGEZ.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - EXHD.DE tracks the eb.rexx® Government Germany 5.5-10.5 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, EXHD.DE returned 1.05%/yr vs 1.19%/yr for XGEZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. EXHD.DE charges 0.16%/yr vs 0.18%/yr for XGEZ.DE.
Performance
EXHD.DE vs. XGEZ.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 XGEZ.DE's 0.02% 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%
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
EXHD.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -1.05% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
Correlation
The correlation between EXHD.DE and XGEZ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.94 |
The correlation between EXHD.DE and XGEZ.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
EXHD.DE vs. XGEZ.DE — Risk / Return Rank
EXHD.DE
XGEZ.DE
EXHD.DE vs. XGEZ.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 II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.34 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.91 | -0.72 | -0.19 |
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 | XGEZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | -0.25 | -0.07 |
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 | 0.17 | +0.17 |
Drawdowns
EXHD.DE vs. XGEZ.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and XGEZ.DE.
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Drawdown Indicators
| EXHD.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -13.63% | -8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -4.70% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -7.89% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | — | — |
Current DrawdownCurrent decline from peak | -17.09% | -5.48% | -11.61% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -5.39% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.20% | -0.72% |
Volatility
EXHD.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) is 1.99%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 2.47%. This indicates that EXHD.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.47% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 5.12% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 6.41% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 9.92% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 9.92% | -4.76% |
EXHD.DE vs. XGEZ.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% expense ratio, which is lower than XGEZ.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
EXHD.DE vs. XGEZ.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, less than XGEZ.DE's 2.10% 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% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EXHD.DE and XGEZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EXHD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHD.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for XGEZ.DE.
EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHD.DE and 0.18% for XGEZ.DE.
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