OG35.DE vs. XZEB.DE
OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, OG35.DE returned 2.79%/yr vs 1.37%/yr for XZEB.DE. Their correlation of 0.85 suggests significant overlap in exposure. OG35.DE charges 0.17%/yr vs 0.15%/yr for XZEB.DE.
Performance
OG35.DE vs. XZEB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OG35.DE achieves a -0.13% return, which is significantly lower than XZEB.DE's 0.20% return.
OG35.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- -0.13%
- 6M
- -0.13%
- 1Y
- 0.41%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
XZEB.DE
- 1D
- 0.07%
- 1M
- 0.46%
- YTD
- 0.20%
- 6M
- 0.05%
- 1Y
- -0.71%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
OG35.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -4.82% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between OG35.DE and XZEB.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.85 |
The correlation between OG35.DE and XZEB.DE has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OG35.DE vs. XZEB.DE — Risk / Return Rank
OG35.DE
XZEB.DE
OG35.DE vs. XZEB.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 II ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.24 | +0.41 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.53 | +1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| OG35.DE | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | -0.17 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.11 | +0.06 |
Drawdowns
OG35.DE vs. XZEB.DE - Drawdown Comparison
The maximum OG35.DE drawdown since its inception was -12.21%, smaller than the maximum XZEB.DE drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for OG35.DE and XZEB.DE.
Loading charts...
Drawdown Indicators
| OG35.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.21% | -13.98% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.97% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.45% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -7.28% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -8.40% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.33% | -0.48% |
Volatility
OG35.DE vs. XZEB.DE - Volatility Comparison
The current volatility for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) is 1.08%, while Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) has a volatility of 1.57%. This indicates that OG35.DE experiences smaller price fluctuations and is considered to be less risky than XZEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OG35.DE | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.57% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 3.45% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 4.14% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 6.32% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 6.32% | -2.56% |
OG35.DE vs. XZEB.DE - Expense Ratio Comparison
OG35.DE has a 0.17% expense ratio, which is higher than XZEB.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. XZEB.DE - Dividend Comparison
Neither OG35.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
OG35.DE and XZEB.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.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 XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: Natixis and Xtrackers. Their fees differ too: 0.17% for OG35.DE and 0.15% for XZEB.DE.
Find the right allocation for OG35.DE and XZEB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer