VAGT.DE vs. XUTD.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while XUTD.DE tracks the iBoxx USD Treasuries Index. Both are passively managed. Over the past 3 years, VAGT.DE returned 1.65%/yr vs 1.65%/yr for XUTD.DE. With a 0.99 correlation, they move nearly in lockstep. VAGT.DE charges 0.05%/yr vs 0.06%/yr for XUTD.DE.
Performance
VAGT.DE vs. XUTD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VAGT.DE having a 4.01% return and XUTD.DE slightly lower at 3.91%.
VAGT.DE
- 1D
- 0.00%
- 1M
- 3.25%
- YTD
- 4.01%
- 6M
- 4.38%
- 1Y
- 5.87%
- 3Y*
- 1.65%
- 5Y*
- —
- 10Y*
- —
XUTD.DE
- 1D
- -0.12%
- 1M
- 3.16%
- YTD
- 3.91%
- 6M
- 4.35%
- 1Y
- 5.89%
- 3Y*
- 1.65%
- 5Y*
- 0.60%
- 10Y*
- 0.46%
VAGT.DE vs. XUTD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 4.01% | -5.48% | 6.40% | -0.47% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.91% | -5.36% | 6.37% | -0.77% |
Correlation
The correlation between VAGT.DE and XUTD.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.99 |
The correlation between VAGT.DE and XUTD.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. XUTD.DE — Risk / Return Rank
VAGT.DE
XUTD.DE
VAGT.DE vs. XUTD.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 Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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 | XUTD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.50 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.82 | 3.88 | -0.05 |
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Drawdowns
VAGT.DE vs. XUTD.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum XUTD.DE drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and XUTD.DE.
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Drawdown Indicators
| VAGT.DE | XUTD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -18.01% | +6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.92% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -11.06% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.01% | — |
Current DrawdownCurrent decline from peak | -4.51% | -10.96% | +6.45% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -9.37% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.52% | +0.03% |
Volatility
VAGT.DE vs. XUTD.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) have volatilities of 1.43% and 1.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | XUTD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.47% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 3.94% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.60% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 8.15% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 7.96% | -0.64% |
VAGT.DE vs. XUTD.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than XUTD.DE's 0.06% 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. XUTD.DE - Dividend Comparison
VAGT.DE has not paid dividends to shareholders, while XUTD.DE's dividend yield for the trailing twelve months is around 3.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.37% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.50% | 1.97% |
Frequently Asked Questions
With a correlation of 0.98, VAGT.DE and XUTD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.06% for XUTD.DE.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while XUTD.DE tracks iBoxx USD Treasuries Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for VAGT.DE and 0.06% for XUTD.DE.
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