VAGE.DE vs. XGVC.DE
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets. Both are passively managed. Over the past 3 years, VAGE.DE returned 2.06%/yr vs -0.19%/yr for XGVC.DE. A 0.75 correlation means they provide meaningful diversification when combined. VAGE.DE charges 0.10%/yr vs 0.20%/yr for XGVC.DE.
Performance
VAGE.DE vs. XGVC.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 XGVC.DE's 0.30% 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*
- —
XGVC.DE
- 1D
- 0.21%
- 1M
- 0.59%
- YTD
- 0.30%
- 6M
- -0.18%
- 1Y
- -1.35%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
VAGE.DE vs. XGVC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.58% | 3.25% | 0.73% | 4.48% | -3.18% |
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.30% | -4.28% | 1.61% | 2.49% | -5.86% |
Correlation
The correlation between VAGE.DE and XGVC.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.75 |
The correlation between VAGE.DE and XGVC.DE shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGE.DE vs. XGVC.DE — Risk / Return Rank
VAGE.DE
XGVC.DE
VAGE.DE vs. XGVC.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 Government Bond UCITS ETF (XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.95 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.51 | +0.89 |
| Martin ratioReturn relative to average drawdown | 1.08 | -0.95 | +2.03 |
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 | XGVC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | -0.34 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | -0.24 | +0.05 |
Drawdowns
VAGE.DE vs. XGVC.DE - Drawdown Comparison
The maximum VAGE.DE drawdown since its inception was -19.43%, which is greater than XGVC.DE's maximum drawdown of -15.47%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and XGVC.DE.
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Drawdown Indicators
| VAGE.DE | XGVC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -15.47% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.66% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -7.10% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | — | — |
Current DrawdownCurrent decline from peak | -10.62% | -12.39% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -10.81% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.42% | -0.30% |
Volatility
VAGE.DE vs. XGVC.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) is 1.42%, while Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a volatility of 1.54%. This indicates that VAGE.DE experiences smaller price fluctuations and is considered to be less risky than XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.54% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 3.05% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 4.00% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 6.22% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 6.22% | -1.73% |
VAGE.DE vs. XGVC.DE - Expense Ratio Comparison
VAGE.DE has a 0.10% expense ratio, which is lower than XGVC.DE's 0.20% 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
VAGE.DE vs. XGVC.DE - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, while XGVC.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% |
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGE.DE and XGVC.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XGVC.DE.
VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.10% for VAGE.DE and 0.20% for XGVC.DE.
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