EXHF.DE vs. X03B.DE
EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EXHF.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5 while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, EXHF.DE returned -0.22%/yr vs 0.23%/yr for X03B.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EXHF.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than X03B.DE's 0.05% return. Over the past 10 years, EXHF.DE has underperformed X03B.DE with an annualized return of -0.22%, while X03B.DE has yielded a comparatively higher 0.23% annualized return.
EXHF.DE
- 1D
- 0.03%
- 1M
- -0.63%
- YTD
- -0.61%
- 6M
- -0.60%
- 1Y
- 0.03%
- 3Y*
- 2.53%
- 5Y*
- -1.98%
- 10Y*
- -0.22%
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%
EXHF.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | -0.61% | 1.93% | 1.59% | 7.50% | -17.55% | -2.72% | 3.54% | 5.31% | 0.83% | 0.06% |
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 EXHF.DE and X03B.DE is 0.82, 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 | 0.82 |
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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.75 |
The correlation between EXHF.DE and X03B.DE shifts across timeframes, from 0.75 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHF.DE vs. X03B.DE — Risk / Return Rank
EXHF.DE
X03B.DE
EXHF.DE vs. X03B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.
| EXHF.DE | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.63 | -0.74 |
| Martin ratioReturn relative to average drawdown | -0.29 | 2.04 | -2.33 |
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
| EXHF.DE | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.62 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.41 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | 0.17 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.57 | -0.09 |
Drawdowns
EXHF.DE vs. X03B.DE - Drawdown Comparison
The maximum EXHF.DE drawdown since its inception was -20.75%, 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 EXHF.DE and X03B.DE.
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Drawdown Indicators
| EXHF.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.75% | -6.78% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -1.28% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -1.28% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -5.67% | -14.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.75% | -6.78% | -13.97% |
Current DrawdownCurrent decline from peak | -11.58% | -0.51% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -1.19% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.40% | +0.90% |
Volatility
EXHF.DE vs. X03B.DE - Volatility Comparison
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) has a higher volatility of 1.96% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that EXHF.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.
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Volatility by Period
| EXHF.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.50% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 1.20% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 1.30% | +2.84% |
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 | 5.04% | 1.32% | +3.72% |
EXHF.DE vs. X03B.DE - Expense Ratio Comparison
Both EXHF.DE and X03B.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EXHF.DE vs. X03B.DE - Dividend Comparison
EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, more than X03B.DE's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | 1.61% | 1.74% | 1.03% | 0.51% | 0.63% | 0.62% | 0.66% | 0.75% | 0.75% | 1.51% | 1.87% | 2.45% |
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
EXHF.DE and X03B.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EXHF.DE and X03B.DE have the same expense ratio: 0.15% per year.
EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: iShares and Xtrackers.
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