OM3X.DE vs. DBZB.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - OM3X.DE is a Europe Equities fund tracking the OMX Stockholm Benchmark Cap, 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, OM3X.DE returned 7.19%/yr vs -1.00%/yr for DBZB.DE. At a correlation of -0.19, they often move in opposite directions. OM3X.DE charges 0.10%/yr vs 0.25%/yr for DBZB.DE.
Performance
OM3X.DE vs. DBZB.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while DBZB.DE is traded in EUR. To make them comparable, the DBZB.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.44% return, which is significantly higher than DBZB.DE's 0.06% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
DBZB.DE
- 1D
- -0.10%
- 1M
- -0.01%
- YTD
- 0.06%
- 6M
- -1.28%
- 1Y
- -0.67%
- 3Y*
- -1.42%
- 5Y*
- -1.00%
- 10Y*
- 0.66%
OM3X.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.23% | -4.51% | 9.87% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | 0.06% | -4.68% | 2.64% | 3.47% | -7.59% | -1.65% | 0.19% | 6.73% | 3.95% | 2.69% |
Correlation
The correlation between OM3X.DE and DBZB.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | -0.19 |
The correlation between OM3X.DE and DBZB.DE shifts across timeframes, from -0.19 (all time) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OM3X.DE vs. DBZB.DE — Risk / Return Rank
OM3X.DE
DBZB.DE
OM3X.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.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.
| OM3X.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.07 | +2.01 |
| Martin ratioReturn relative to average drawdown | 7.36 | -0.13 | +7.48 |
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
| OM3X.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.07 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.13 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.13 | +0.48 |
Drawdowns
OM3X.DE vs. DBZB.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, which is greater than DBZB.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and DBZB.DE.
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Drawdown Indicators
| OM3X.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -23.27% | -9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -6.58% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -9.71% | -11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -13.80% | -16.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.48% | — |
Current DrawdownCurrent decline from peak | -1.57% | -15.78% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -9.99% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.32% | -0.37% |
Volatility
OM3X.DE vs. DBZB.DE - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 4.70% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.19%. This indicates that OM3X.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3X.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 1.19% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 4.07% | +8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 5.86% | +9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 7.89% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 7.59% | +9.90% |
OM3X.DE vs. DBZB.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% 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
OM3X.DE vs. DBZB.DE - Dividend Comparison
Neither OM3X.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and DBZB.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for DBZB.DE.
OM3X.DE is categorized as Europe Equities, while DBZB.DE is Global Bonds. OM3X.DE tracks OMX Stockholm Benchmark Cap, 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: 0.10% for OM3X.DE and 0.25% for DBZB.DE.
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