VAGE.DE vs. XBAG.DE

Last updated Jun 5, 2026

VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) are both Global Bonds funds - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while XBAG.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, VAGE.DE returned -1.65%/yr vs -1.25%/yr for XBAG.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

VAGE.DE vs. XBAG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VAGE.DE achieves a -0.58% return, which is significantly lower than XBAG.DE's 0.49% 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*: —

XBAG.DE

• 1D: 0.04%
• 1M: 0.60%
• YTD: 0.49%
• 6M: -0.07%
• 1Y: -0.20%
• 3Y*: 0.24%
• 5Y*: -1.25%
• 10Y*: -0.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VAGE.DE vs. XBAG.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%
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	0.49%	-3.89%	3.40%	1.86%	-11.56%	2.92%	-0.49%	1.84%

Correlation

The correlation between VAGE.DE and XBAG.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019	0.54

The correlation between VAGE.DE and XBAG.DE shifts across timeframes, from 0.38 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VAGE.DE vs. XBAG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VAGE.DE

VAGE.DE Risk / Return Rank: 14
VAGE.DE Sharpe Ratio Rank: 14
VAGE.DE Sortino Ratio Rank: 13
VAGE.DE Omega Ratio Rank: 13
VAGE.DE Calmar Ratio Rank: 14
VAGE.DE Martin Ratio Rank: 14

XBAG.DE

XBAG.DE Risk / Return Rank: 8
XBAG.DE Sharpe Ratio Rank: 9
XBAG.DE Sortino Ratio Rank: 8
XBAG.DE Omega Ratio Rank: 8
XBAG.DE Calmar Ratio Rank: 8
XBAG.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VAGE.DE vs. XBAG.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 1D (XBAG.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	XBAG.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.34	-0.05	+0.39
Sortino ratio: Return per unit of downside risk	0.50	-0.05	+0.55
Omega ratio: Gain probability vs. loss probability	1.06	0.99	+0.07
Calmar ratio: Return relative to maximum drawdown	0.38	-0.08	+0.47
Martin ratio: Return relative to average drawdown	1.08	-0.16	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGE.DE vs. XBAG.DE - Sharpe Ratio Comparison

The current VAGE.DE Sharpe Ratio is 0.34, which is higher than the XBAG.DE Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of VAGE.DE and XBAG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAGE.DE	XBAG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	-0.05	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	-0.20	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.27	-0.46

Drawdowns

VAGE.DE vs. XBAG.DE - Drawdown Comparison

The maximum VAGE.DE drawdown since its inception was -19.43%, which is greater than XBAG.DE's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and XBAG.DE.

Drawdown Indicators

	VAGE.DE	XBAG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-16.64%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-2.44%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-4.34%	-7.49%	+3.15%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-15.81%	-2.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.64%	—
Current Drawdown Current decline from peak	-10.62%	-12.21%	+1.59%
Average Drawdown Average peak-to-trough decline	-8.88%	-6.65%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.23%	-0.11%

Volatility

VAGE.DE vs. XBAG.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 1D (XBAG.DE) at 0.99%. This indicates that VAGE.DE's price experiences larger fluctuations and is considered to be riskier than XBAG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGE.DE	XBAG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	0.99%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	2.67%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	3.78%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	6.08%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.49%	5.92%	-1.43%

VAGE.DE vs. XBAG.DE - Expense Ratio Comparison

Both VAGE.DE and XBAG.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. XBAG.DE - Dividend Comparison

VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, more than XBAG.DE's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%	0.00%	0.00%
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	3.00%	2.94%	3.16%	2.22%	2.78%	0.82%	1.47%	1.76%	1.36%	1.11%	2.04%

Frequently Asked Questions

Can I hold both VAGE.DE and XBAG.DE in my portfolio?

VAGE.DE and XBAG.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGE.DE or XBAG.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAGE.DE or XBAG.DE?

VAGE.DE and XBAG.DE have the same expense ratio: 0.10% per year.

What is the main difference between VAGE.DE and XBAG.DE?

VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while XBAG.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Vanguard and Xtrackers.