OG35.DE vs. X03B.DE
OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, OG35.DE returned -0.34%/yr vs 0.68%/yr for X03B.DE. Their correlation of 0.82 suggests significant overlap in exposure. OG35.DE charges 0.17%/yr vs 0.15%/yr for X03B.DE.
Performance
OG35.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OG35.DE achieves a -0.13% return, which is significantly lower than X03B.DE's 0.05% return.
OG35.DE
- 1D
- 0.05%
- 1M
- -0.04%
- YTD
- -0.13%
- 6M
- -0.06%
- 1Y
- 0.67%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
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%
OG35.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -10.01% | -1.17% | 1.17% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | 0.17% |
Correlation
The correlation between OG35.DE and X03B.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020 | 0.82 |
The correlation between OG35.DE and X03B.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
OG35.DE vs. X03B.DE — Risk / Return Rank
OG35.DE
X03B.DE
OG35.DE vs. X03B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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.
| OG35.DE | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.63 | -0.47 |
| Martin ratioReturn relative to average drawdown | 0.48 | 2.04 | -1.56 |
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
| OG35.DE | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.62 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.41 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.57 | -0.62 |
Drawdowns
OG35.DE vs. X03B.DE - Drawdown Comparison
The maximum OG35.DE drawdown since its inception was -12.21%, 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 OG35.DE and X03B.DE.
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Drawdown Indicators
| OG35.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.21% | -6.78% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.28% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -1.28% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | -5.67% | -6.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -2.66% | -0.51% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -1.19% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.40% | +0.45% |
Volatility
OG35.DE vs. X03B.DE - Volatility Comparison
Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) has a higher volatility of 1.08% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that OG35.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
| OG35.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.50% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 1.20% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 1.30% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 1.63% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 1.32% | +2.44% |
OG35.DE vs. X03B.DE - Expense Ratio Comparison
OG35.DE has a 0.17% 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
OG35.DE vs. X03B.DE - Dividend Comparison
OG35.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
OG35.DE and X03B.DE have a correlation of 0.84, 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 0.17% for OG35.DE.
OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Natixis and Xtrackers. Their fees differ too: 0.17% for OG35.DE and 0.15% for X03B.DE.
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