VAGT.DE vs. EXVM.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while EXVM.DE tracks the eb.rexx Government Germany 0-1 Index. Both are passively managed. Over the past 3 years, VAGT.DE returned 2.23%/yr vs 2.60%/yr for EXVM.DE. At a 0.04 correlation, their price movements are largely independent. VAGT.DE charges 0.05%/yr vs 0.13%/yr for EXVM.DE.
Performance
VAGT.DE vs. EXVM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 2.49% return, which is significantly higher than EXVM.DE's 0.82% return.
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.04%
- 6M
- 1.39%
- YTD
- 2.49%
- 1Y
- 4.86%
- 3Y*
- 2.23%
- 5Y*
- —
- 10Y*
- —
EXVM.DE
- 1D
- 0.01%
- 1M
- 0.17%
- 6M
- 0.86%
- YTD
- 0.82%
- 1Y
- 1.66%
- 3Y*
- 2.60%
- 5Y*
- 1.44%
- 10Y*
- 0.30%
VAGT.DE vs. EXVM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.49% | -5.48% | 6.40% | -0.47% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.82% | 2.06% | 3.37% | 2.40% |
Correlation
The correlation between VAGT.DE and EXVM.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.04 |
The correlation between VAGT.DE and EXVM.DE shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGT.DE vs. EXVM.DE — Risk / Return Rank
VAGT.DE
EXVM.DE
VAGT.DE vs. EXVM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.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.
| VAGT.DE | EXVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.68 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 14.00 | -12.78 |
| Martin ratioReturn relative to average drawdown | 3.14 | 53.88 | -50.74 |
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Drawdowns
VAGT.DE vs. EXVM.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, which is greater than EXVM.DE's maximum drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and EXVM.DE.
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Drawdown Indicators
| VAGT.DE | EXVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -6.33% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -0.12% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -0.13% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.61% | — |
Current DrawdownCurrent decline from peak | -5.90% | 0.00% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -1.75% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.03% | +1.52% |
Volatility
VAGT.DE vs. EXVM.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) has a higher volatility of 1.59% compared to iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) at 0.12%. This indicates that VAGT.DE's price experiences larger fluctuations and is considered to be riskier than EXVM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | EXVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 0.12% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 0.36% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 0.53% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 0.51% | +6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.27% | 0.79% | +6.48% |
VAGT.DE vs. EXVM.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than EXVM.DE's 0.13% 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
VAGT.DE vs. EXVM.DE - Dividend Comparison
VAGT.DE has not paid dividends to shareholders, while EXVM.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGT.DE and EXVM.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.13% for EXVM.DE.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while EXVM.DE tracks eb.rexx Government Germany 0-1 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VAGT.DE and 0.13% for EXVM.DE.
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