IS0Z.DE vs. XG7S.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) are both Global Bonds funds - IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond while XG7S.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 10 years, IS0Z.DE returned -0.58%/yr vs -0.93%/yr for XG7S.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IS0Z.DE vs. XG7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly higher than XG7S.DE's 0.23% return. Over the past 10 years, IS0Z.DE has outperformed XG7S.DE with an annualized return of -0.58%, while XG7S.DE has yielded a comparatively lower -0.93% annualized return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 1.29%
- 6M
- 1.26%
- 1Y
- 0.54%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
XG7S.DE
- 1D
- 0.13%
- 1M
- 0.28%
- YTD
- 0.23%
- 6M
- -0.30%
- 1Y
- -0.99%
- 3Y*
- -0.74%
- 5Y*
- -2.42%
- 10Y*
- -0.93%
IS0Z.DE vs. XG7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 1.73% | -3.57% |
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.23% | -4.70% | 2.17% | 1.03% | -13.47% | 0.52% | 0.56% | 7.95% | 3.41% | -5.58% |
Correlation
The correlation between IS0Z.DE and XG7S.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2013 | 0.85 |
The correlation between IS0Z.DE and XG7S.DE shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0Z.DE vs. XG7S.DE — Risk / Return Rank
IS0Z.DE
XG7S.DE
IS0Z.DE vs. XG7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.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.
| IS0Z.DE | XG7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.95 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.47 | +0.56 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.91 | +1.10 |
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
| IS0Z.DE | XG7S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.33 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.38 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | -0.16 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.16 | -0.11 |
Drawdowns
IS0Z.DE vs. XG7S.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, roughly equal to the maximum XG7S.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and XG7S.DE.
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Drawdown Indicators
| IS0Z.DE | XG7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -21.08% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.81% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -7.74% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -18.20% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | -21.08% | +0.06% |
Current DrawdownCurrent decline from peak | -15.06% | -19.11% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -8.76% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.45% | -0.24% |
Volatility
IS0Z.DE vs. XG7S.DE - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a higher volatility of 1.69% compared to Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) at 1.23%. This indicates that IS0Z.DE's price experiences larger fluctuations and is considered to be riskier than XG7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Z.DE | XG7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.23% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.97% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.98% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.39% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 5.85% | -0.19% |
IS0Z.DE vs. XG7S.DE - Expense Ratio Comparison
Both IS0Z.DE and XG7S.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS0Z.DE vs. XG7S.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while XG7S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 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
IS0Z.DE and XG7S.DE have a correlation of 0.74, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS0Z.DE and XG7S.DE have the same expense ratio: 0.20% per year.
IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while XG7S.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Xtrackers.
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