SECD.DE vs. XGEZ.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, SECD.DE returned 2.42%/yr vs 1.15%/yr for XGEZ.DE. Their correlation of 0.88 suggests significant overlap in exposure. SECD.DE charges 0.09%/yr vs 0.18%/yr for XGEZ.DE.
Performance
SECD.DE vs. XGEZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SECD.DE achieves a 1.15% return, which is significantly lower than XGEZ.DE's 1.60% return.
SECD.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.15%
- 6M
- 1.39%
- 1Y
- 1.24%
- 3Y*
- 2.42%
- 5Y*
- -1.91%
- 10Y*
- —
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
SECD.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 1.15% | 0.66% | 1.63% | 7.05% | -0.50% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between SECD.DE and XGEZ.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.88 |
Over the past year, the correlation between SECD.DE and XGEZ.DE has dropped to 0.65 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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
SECD.DE vs. XGEZ.DE — Risk / Return Rank
SECD.DE
XGEZ.DE
SECD.DE vs. XGEZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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.
| SECD.DE | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.06 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.97 | 0.12 | +0.85 |
Loading charts...
Drawdowns
SECD.DE vs. XGEZ.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.08%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for SECD.DE and XGEZ.DE.
Loading charts...
Drawdown Indicators
| SECD.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -13.63% | -8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.70% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -7.88% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -12.77% | -3.99% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -5.39% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 2.11% | -0.84% |
Volatility
SECD.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) is 1.19%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that SECD.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SECD.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.75% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 5.23% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 6.42% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 9.92% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 9.92% | -3.71% |
SECD.DE vs. XGEZ.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than XGEZ.DE's 0.18% 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
SECD.DE vs. XGEZ.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.68%, more than XGEZ.DE's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.68% | 2.59% | 2.30% | 1.17% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
SECD.DE and XGEZ.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for XGEZ.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for SECD.DE and 0.18% for XGEZ.DE.
Find the right allocation for SECD.DE and XGEZ.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