VGEA.DE vs. D5BC.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - VGEA.DE tracks the Bloomberg Euro Aggregate Treasury while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 0.22%/yr for D5BC.DE. A 0.70 correlation means they provide meaningful diversification when combined. VGEA.DE charges 0.07%/yr vs 0.15%/yr for D5BC.DE.
Performance
VGEA.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly higher than D5BC.DE's 0.01% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.03%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.64%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
VGEA.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.64% |
Correlation
The correlation between VGEA.DE and D5BC.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.70 |
The correlation between VGEA.DE and D5BC.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
VGEA.DE vs. D5BC.DE — Risk / Return Rank
VGEA.DE
D5BC.DE
VGEA.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
| VGEA.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.46 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.04 | 1.39 | -1.43 |
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
| VGEA.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.45 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.14 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.14 | -0.23 |
Drawdowns
VGEA.DE vs. D5BC.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, which is greater than D5BC.DE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and D5BC.DE.
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Drawdown Indicators
| VGEA.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -9.22% | -13.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -1.08% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -1.08% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -6.12% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.22% | — |
Current DrawdownCurrent decline from peak | -13.91% | -2.33% | -11.58% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -2.32% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.36% | +0.97% |
Volatility
VGEA.DE vs. D5BC.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.67% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.42%. This indicates that VGEA.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.42% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 1.01% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 1.11% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 1.57% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 1.21% | +4.65% |
VGEA.DE vs. D5BC.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than D5BC.DE's 0.15% 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
VGEA.DE vs. D5BC.DE - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while D5BC.DE's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
VGEA.DE Vanguard EUR Eurozone Government 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
VGEA.DE and D5BC.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for D5BC.DE.
VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.07% for VGEA.DE and 0.15% for D5BC.DE.
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