VGTY.DE vs. D5BE.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) are both Government Bonds funds - VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, VGTY.DE returned -0.07%/yr vs 2.59%/yr for D5BE.DE. Their correlation of 0.81 suggests significant overlap in exposure. VGTY.DE charges 0.05%/yr vs 0.06%/yr for D5BE.DE.
Performance
VGTY.DE vs. D5BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGTY.DE achieves a 2.65% return, which is significantly lower than D5BE.DE's 3.69% return.
VGTY.DE
- 1D
- 0.22%
- 1M
- 1.19%
- 6M
- 1.60%
- YTD
- 2.65%
- 1Y
- 5.09%
- 3Y*
- 2.29%
- 5Y*
- -0.07%
- 10Y*
- —
D5BE.DE
- 1D
- 0.16%
- 1M
- 1.54%
- 6M
- 2.67%
- YTD
- 3.69%
- 1Y
- 4.81%
- 3Y*
- 3.65%
- 5Y*
- 2.59%
- 10Y*
- 1.38%
VGTY.DE vs. D5BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.65% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.69% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -6.19% | 6.04% | 6.14% | -1.79% |
Correlation
The correlation between VGTY.DE and D5BE.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.81 |
The correlation between VGTY.DE and D5BE.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. D5BE.DE — Risk / Return Rank
VGTY.DE
D5BE.DE
VGTY.DE vs. D5BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) and Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.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.
| VGTY.DE | D5BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.36 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.27 | 3.38 | -0.11 |
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Drawdowns
VGTY.DE vs. D5BE.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.51%, smaller than the maximum D5BE.DE drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and D5BE.DE.
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Drawdown Indicators
| VGTY.DE | D5BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -20.28% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.52% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -10.97% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -12.99% | -12.50% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.28% | — |
Current DrawdownCurrent decline from peak | -11.59% | -5.29% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -5.10% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.42% | +0.13% |
Volatility
VGTY.DE vs. D5BE.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a higher volatility of 1.56% compared to Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) at 1.35%. This indicates that VGTY.DE's price experiences larger fluctuations and is considered to be riskier than D5BE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGTY.DE | D5BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.35% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 3.83% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 5.50% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 7.16% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 8.95% | -1.30% |
VGTY.DE vs. D5BE.DE - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is lower than D5BE.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
VGTY.DE vs. D5BE.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 4.19%, more than D5BE.DE's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% |
Frequently Asked Questions
VGTY.DE and D5BE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for D5BE.DE.
VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while D5BE.DE tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for VGTY.DE and 0.06% for D5BE.DE.
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