VGTY.DE vs. EXVM.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) are both Government Bonds funds - VGTY.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 5 years, VGTY.DE returned -0.07%/yr vs 1.44%/yr for EXVM.DE. At a 0.03 correlation, their price movements are largely independent. VGTY.DE charges 0.05%/yr vs 0.13%/yr for EXVM.DE.
Performance
VGTY.DE vs. EXVM.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 higher than EXVM.DE's 0.82% 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*
- —
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%
VGTY.DE vs. EXVM.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% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.82% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.80% | -0.84% | -0.19% |
Correlation
The correlation between VGTY.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 (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.03 |
The correlation between VGTY.DE and EXVM.DE shifts across timeframes, from -0.10 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGTY.DE vs. EXVM.DE — Risk / Return Rank
VGTY.DE
EXVM.DE
VGTY.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 Distributing (VGTY.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.
| VGTY.DE | EXVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.68 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 14.00 | -12.72 |
| Martin ratioReturn relative to average drawdown | 3.27 | 53.88 | -50.61 |
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Drawdowns
VGTY.DE vs. EXVM.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.51%, 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 VGTY.DE and EXVM.DE.
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Drawdown Indicators
| VGTY.DE | EXVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -6.33% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -0.12% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -0.13% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -12.99% | -1.61% | -11.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.61% | — |
Current DrawdownCurrent decline from peak | -11.59% | 0.00% | -11.59% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -1.75% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.03% | +1.52% |
Volatility
VGTY.DE vs. EXVM.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a higher volatility of 1.56% compared to iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) at 0.12%. This indicates that VGTY.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
| VGTY.DE | EXVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.12% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 0.36% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 0.53% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 0.51% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 0.79% | +6.86% |
VGTY.DE vs. EXVM.DE - Expense Ratio Comparison
VGTY.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
VGTY.DE vs. EXVM.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 4.19%, more than EXVM.DE's 1.06% yield.
| 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% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
VGTY.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, 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 0.13% for EXVM.DE.
VGTY.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 VGTY.DE and 0.13% for EXVM.DE.
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