VAGF.DE vs. XGSI.L
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) are both Global Bonds funds - VAGF.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while XGSI.L tracks the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, VAGF.DE returned -1.66%/yr vs 0.26%/yr for XGSI.L. At a 0.30 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.25%/yr for XGSI.L.
Performance
VAGF.DE vs. XGSI.L - Performance Comparison
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Different Trading Currencies
VAGF.DE is traded in EUR, while XGSI.L is traded in USD. To make them comparable, the XGSI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.68% return, which is significantly lower than XGSI.L's 0.79% return.
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
XGSI.L
- 1D
- -0.05%
- 1M
- 1.11%
- YTD
- 0.79%
- 6M
- 0.30%
- 1Y
- 0.64%
- 3Y*
- -0.03%
- 5Y*
- 0.26%
- 10Y*
- —
VAGF.DE vs. XGSI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.73% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.79% | -8.35% | 7.92% | 2.67% | -7.94% | 4.81% | -2.86% | 2.27% |
Correlation
The correlation between VAGF.DE and XGSI.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.30 |
The correlation between VAGF.DE and XGSI.L shifts across timeframes, from 0.11 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VAGF.DE vs. XGSI.L — Risk / Return Rank
VAGF.DE
XGSI.L
VAGF.DE vs. XGSI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L). 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.
| VAGF.DE | XGSI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.07 | +0.31 |
| Martin ratioReturn relative to average drawdown | 1.06 | 0.18 | +0.88 |
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
| VAGF.DE | XGSI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.05 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.03 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.04 | -0.21 |
Drawdowns
VAGF.DE vs. XGSI.L - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.57%, which is greater than XGSI.L's maximum drawdown of -17.10%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and XGSI.L.
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Drawdown Indicators
| VAGF.DE | XGSI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -17.10% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -4.78% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -12.00% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -13.75% | -5.04% |
Current DrawdownCurrent decline from peak | -10.73% | -12.93% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -8.75% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.91% | -0.78% |
Volatility
VAGF.DE vs. XGSI.L - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a higher volatility of 1.55% compared to Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) at 1.37%. This indicates that VAGF.DE's price experiences larger fluctuations and is considered to be riskier than XGSI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGF.DE | XGSI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.37% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 4.43% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 6.44% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 8.51% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 8.30% | -3.59% |
VAGF.DE vs. XGSI.L - Expense Ratio Comparison
VAGF.DE has a 0.10% expense ratio, which is lower than XGSI.L'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
VAGF.DE vs. XGSI.L - Dividend Comparison
Neither VAGF.DE nor XGSI.L has paid dividends to shareholders.
Frequently Asked Questions
VAGF.DE and XGSI.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XGSI.L.
VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: Vanguard and DWS. Their fees differ too: 0.10% for VAGF.DE and 0.25% for XGSI.L.
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