UEEG.DE vs. XT01.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.99%/yr vs 4.09%/yr for XT01.DE. At a correlation of -0.23, they often move in opposite directions. UEEG.DE charges 0.18%/yr vs 0.06%/yr for XT01.DE.
Performance
UEEG.DE vs. XT01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.84% return, which is significantly lower than XT01.DE's 4.62% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.63%
- YTD
- -0.84%
- 1Y
- 1.29%
- 3Y*
- 2.07%
- 5Y*
- -0.99%
- 10Y*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 3.04%
- YTD
- 4.62%
- 1Y
- 5.20%
- 3Y*
- 3.95%
- 5Y*
- 4.09%
- 10Y*
- —
UEEG.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.84% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.62% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between UEEG.DE and XT01.DE is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.23 |
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Return for Risk
UEEG.DE vs. XT01.DE — Risk / Return Rank
UEEG.DE
XT01.DE
UEEG.DE vs. XT01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| UEEG.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.54 | -0.98 |
| Martin ratioReturn relative to average drawdown | 1.28 | 3.67 | -2.39 |
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Drawdowns
UEEG.DE vs. XT01.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and XT01.DE.
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Drawdown Indicators
| UEEG.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -11.68% | -2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -3.40% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -11.68% | +8.46% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -11.68% | -1.22% |
Current DrawdownCurrent decline from peak | -6.19% | -5.37% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -4.91% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.43% | -0.42% |
Volatility
UEEG.DE vs. XT01.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 1.00%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.26%. This indicates that UEEG.DE experiences smaller price fluctuations and is considered to be less risky than XT01.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.26% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 4.20% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 5.92% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 7.44% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 7.27% | -3.24% |
UEEG.DE vs. XT01.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than XT01.DE's 0.06% 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
UEEG.DE vs. XT01.DE - Dividend Comparison
Neither UEEG.DE nor XT01.DE has paid dividends to shareholders.
Frequently Asked Questions
UEEG.DE and XT01.DE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for UEEG.DE and 0.06% for XT01.DE.
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