IS3V.DE vs. DBZB.DE
IS3V.DE (iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - IS3V.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond (EUR Hedged), while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, IS3V.DE returned -3.15%/yr vs -2.84%/yr for DBZB.DE. A 0.71 correlation means they provide meaningful diversification when combined. IS3V.DE charges 0.20%/yr vs 0.25%/yr for DBZB.DE.
Performance
IS3V.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3V.DE achieves a 0.22% return, which is significantly higher than DBZB.DE's -0.98% return.
IS3V.DE
- 1D
- 0.22%
- 1M
- -0.66%
- 6M
- -0.22%
- YTD
- 0.22%
- 1Y
- 1.56%
- 3Y*
- 0.74%
- 5Y*
- -3.15%
- 10Y*
- —
DBZB.DE
- 1D
- 0.07%
- 1M
- -0.91%
- 6M
- -1.18%
- YTD
- -0.98%
- 1Y
- -0.01%
- 3Y*
- 0.60%
- 5Y*
- -2.84%
- 10Y*
- -1.18%
IS3V.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3V.DE iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc | 0.22% | 2.48% | -2.21% | 1.80% | -19.24% | 4.95% | 5.21% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.98% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 0.31% |
Correlation
The correlation between IS3V.DE and DBZB.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.71 |
The correlation between IS3V.DE and DBZB.DE shifts across timeframes, from 0.59 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3V.DE vs. DBZB.DE — Risk / Return Rank
IS3V.DE
DBZB.DE
IS3V.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3V.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.00 | +0.52 |
| Martin ratioReturn relative to average drawdown | 1.12 | -0.01 | +1.13 |
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Drawdowns
IS3V.DE vs. DBZB.DE - Drawdown Comparison
The maximum IS3V.DE drawdown since its inception was -24.46%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for IS3V.DE and DBZB.DE.
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Drawdown Indicators
| IS3V.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -21.88% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.52% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -5.14% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -19.51% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -18.75% | -16.66% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -5.78% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.46% | -0.07% |
Volatility
IS3V.DE vs. DBZB.DE - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) have volatilities of 1.23% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3V.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.24% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.20% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 4.02% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 5.40% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 4.74% | +2.59% |
IS3V.DE vs. DBZB.DE - Expense Ratio Comparison
IS3V.DE has a 0.20% expense ratio, which is lower than DBZB.DE's 0.25% 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
IS3V.DE vs. DBZB.DE - Dividend Comparison
Neither IS3V.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3V.DE and DBZB.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3V.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3V.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for DBZB.DE.
IS3V.DE is categorized as Inflation-Protected Bonds, while DBZB.DE is Global Bonds. IS3V.DE tracks Bloomberg World Government Inflation-Linked Bond (EUR Hedged), while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IS3V.DE and 0.25% for DBZB.DE.
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