VGOV.DE vs. XYP1.DE
VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds - VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 5 years, VGOV.DE returned -5.47%/yr vs 0.86%/yr for XYP1.DE. At a 0.43 correlation, their price movements are largely independent. VGOV.DE charges 0.07%/yr vs 0.15%/yr for XYP1.DE.
Performance
VGOV.DE vs. XYP1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGOV.DE achieves a -0.51% return, which is significantly lower than XYP1.DE's 0.03% return.
VGOV.DE
- 1D
- 0.07%
- 1M
- 0.49%
- YTD
- -0.51%
- 6M
- -0.16%
- 1Y
- -0.62%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
VGOV.DE vs. XYP1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | -0.21% | 5.44% | -30.78% | 1.88% | 2.84% | 13.71% | -1.09% | 2.53% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | -0.21% |
Correlation
The correlation between VGOV.DE and XYP1.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.43 |
The correlation between VGOV.DE and XYP1.DE shifts across timeframes, from 0.43 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGOV.DE vs. XYP1.DE — Risk / Return Rank
VGOV.DE
XYP1.DE
VGOV.DE vs. XYP1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) and Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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.
| VGOV.DE | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.55 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.29 | 1.75 | -2.04 |
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
| VGOV.DE | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.56 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.49 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.46 | -0.59 |
Drawdowns
VGOV.DE vs. XYP1.DE - Drawdown Comparison
The maximum VGOV.DE drawdown since its inception was -40.95%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for VGOV.DE and XYP1.DE.
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Drawdown Indicators
| VGOV.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.95% | -5.77% | -35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.37% | -1.39% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.01% | -1.39% | -7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -40.45% | -5.53% | -34.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.77% | — |
Current DrawdownCurrent decline from peak | -30.35% | -0.61% | -29.74% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -0.93% | -15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.44% | +1.91% |
Volatility
VGOV.DE vs. XYP1.DE - Volatility Comparison
Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a higher volatility of 3.34% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that VGOV.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGOV.DE | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 0.49% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 1.25% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 1.38% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 1.75% | +11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 2.01% | +9.85% |
VGOV.DE vs. XYP1.DE - Expense Ratio Comparison
VGOV.DE has a 0.07% expense ratio, which is lower than XYP1.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
VGOV.DE vs. XYP1.DE - Dividend Comparison
VGOV.DE's dividend yield for the trailing twelve months is around 4.59%, while XYP1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGOV.DE and XYP1.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XYP1.DE.
VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.07% for VGOV.DE and 0.15% for XYP1.DE.
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