VAGE.DE vs. XBAE.DE
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 5 years, VAGE.DE returned -1.65%/yr vs -1.74%/yr for XBAE.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
VAGE.DE vs. XBAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGE.DE achieves a -0.58% return, which is significantly lower than XBAE.DE's -0.55% return.
VAGE.DE
- 1D
- 0.10%
- 1M
- 0.16%
- YTD
- -0.58%
- 6M
- -0.57%
- 1Y
- 1.21%
- 3Y*
- 2.06%
- 5Y*
- -1.65%
- 10Y*
- —
XBAE.DE
- 1D
- 0.05%
- 1M
- 0.08%
- YTD
- -0.55%
- 6M
- -0.69%
- 1Y
- 0.93%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
VAGE.DE vs. XBAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.58% | 3.25% | 0.73% | 4.48% | -14.75% | -2.80% | 4.86% | 0.33% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 0.56% |
Correlation
The correlation between VAGE.DE and XBAE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.78 |
The correlation between VAGE.DE and XBAE.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
VAGE.DE vs. XBAE.DE — Risk / Return Rank
VAGE.DE
XBAE.DE
VAGE.DE vs. XBAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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.
| VAGE.DE | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.30 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.08 | 0.83 | +0.25 |
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
| VAGE.DE | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.27 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.35 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.08 | -0.27 |
Drawdowns
VAGE.DE vs. XBAE.DE - Drawdown Comparison
The maximum VAGE.DE drawdown since its inception was -19.43%, roughly equal to the maximum XBAE.DE drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and XBAE.DE.
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Drawdown Indicators
| VAGE.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -19.04% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.11% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -4.58% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -18.29% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -10.62% | -10.88% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -5.91% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.11% | +0.01% |
Volatility
VAGE.DE vs. XBAE.DE - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a higher volatility of 1.42% compared to Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) at 1.32%. This indicates that VAGE.DE's price experiences larger fluctuations and is considered to be riskier than XBAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGE.DE | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.32% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.86% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.46% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 5.00% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 4.63% | -0.14% |
VAGE.DE vs. XBAE.DE - Expense Ratio Comparison
Both VAGE.DE and XBAE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGE.DE vs. XBAE.DE - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, while XBAE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGE.DE and XBAE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGE.DE and XBAE.DE have the same expense ratio: 0.10% per year.
VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: Vanguard and Xtrackers.
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