VUSA.DE vs. DBZB.DE
VUSA.DE (Vanguard S&P 500 UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - VUSA.DE is a S&P 500 fund tracking the S&P 500 Net Total Return, while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, VUSA.DE returned 14.76%/yr vs -2.54%/yr for DBZB.DE. At a correlation of -0.06, they often move in opposite directions. VUSA.DE charges 0.07%/yr vs 0.25%/yr for DBZB.DE.
Performance
VUSA.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUSA.DE achieves a 11.38% return, which is significantly higher than DBZB.DE's -0.71% return.
VUSA.DE
- 1D
- -0.12%
- 1M
- 4.37%
- YTD
- 11.38%
- 6M
- 10.86%
- 1Y
- 25.53%
- 3Y*
- 18.87%
- 5Y*
- 14.76%
- 10Y*
- —
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
VUSA.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSA.DE Vanguard S&P 500 UCITS ETF | 11.38% | 4.74% | 32.32% | 22.44% | -14.26% | 40.76% | 6.77% | 34.46% | -1.12% | 2.82% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | 0.06% |
Correlation
The correlation between VUSA.DE and DBZB.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | -0.06 |
The correlation between VUSA.DE and DBZB.DE shifts across timeframes, from -0.06 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUSA.DE vs. DBZB.DE — Risk / Return Rank
VUSA.DE
DBZB.DE
VUSA.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| VUSA.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.00 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | -0.01 | +3.59 |
| Martin ratioReturn relative to average drawdown | 12.71 | -0.04 | +12.75 |
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
| VUSA.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | -0.01 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | -0.47 | +1.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.22 | +0.67 |
Drawdowns
VUSA.DE vs. DBZB.DE - Drawdown Comparison
The maximum VUSA.DE drawdown since its inception was -33.63%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for VUSA.DE and DBZB.DE.
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Drawdown Indicators
| VUSA.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -21.88% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -3.52% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -5.14% | -18.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -19.51% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -0.44% | -16.44% | +16.00% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -5.97% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.26% | +0.75% |
Volatility
VUSA.DE vs. DBZB.DE - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.DE) has a higher volatility of 2.68% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.48%. This indicates that VUSA.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSA.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 1.48% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 3.06% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 3.86% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 5.37% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 4.74% | +12.03% |
VUSA.DE vs. DBZB.DE - Expense Ratio Comparison
VUSA.DE has a 0.07% expense ratio, which is lower than DBZB.DE's 0.25% 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
VUSA.DE vs. DBZB.DE - Dividend Comparison
VUSA.DE's dividend yield for the trailing twelve months is around 0.87%, while DBZB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUSA.DE Vanguard S&P 500 UCITS ETF | 0.87% | 0.97% | 1.00% | 1.25% | 1.45% | 1.02% | 1.43% | 1.45% | 1.74% | 0.41% |
Frequently Asked Questions
VUSA.DE and DBZB.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for DBZB.DE.
VUSA.DE is categorized as S&P 500, while DBZB.DE is Global Bonds. VUSA.DE tracks S&P 500 Net Total Return, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.07% for VUSA.DE and 0.25% for DBZB.DE.
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