SXRS.DE vs. DBZB.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, 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, SXRS.DE returned 12.06%/yr vs -2.54%/yr for DBZB.DE. At a correlation of -0.14, they often move in opposite directions. SXRS.DE charges 0.19%/yr vs 0.25%/yr for DBZB.DE.
Performance
SXRS.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than DBZB.DE's -0.71% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
SXRS.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | 0.72% |
Correlation
The correlation between SXRS.DE and DBZB.DE is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | -0.14 |
Over the past year, the inverse relationship between SXRS.DE and DBZB.DE has strengthened: their correlation has moved from -0.14 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SXRS.DE vs. DBZB.DE — Risk / Return Rank
SXRS.DE
DBZB.DE
SXRS.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.00 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | -0.01 | +4.02 |
| Martin ratioReturn relative to average drawdown | 8.95 | -0.04 | +8.99 |
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
| SXRS.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.01 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.47 | +1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.22 | +0.31 |
Drawdowns
SXRS.DE vs. DBZB.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, 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 SXRS.DE and DBZB.DE.
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Drawdown Indicators
| SXRS.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -21.88% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -3.52% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -5.14% | -10.89% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -19.51% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -4.99% | -16.44% | +11.45% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -5.97% | -7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 1.26% | +2.66% |
Volatility
SXRS.DE vs. DBZB.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.48%. This indicates that SXRS.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
| SXRS.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 1.48% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 3.06% | +13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 3.86% | +14.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 5.37% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 4.74% | +11.11% |
SXRS.DE vs. DBZB.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% 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
SXRS.DE vs. DBZB.DE - Dividend Comparison
Neither SXRS.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and DBZB.DE have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for DBZB.DE.
SXRS.DE is categorized as Commodities, while DBZB.DE is Global Bonds. SXRS.DE tracks Bloomberg Commodity, 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: 0.19% for SXRS.DE and 0.25% for DBZB.DE.
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