X03B.DE vs. D5BC.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds from Xtrackers - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs -0.22%/yr for D5BC.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
X03B.DE vs. D5BC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X03B.DE achieves a 0.05% return, which is significantly higher than D5BC.DE's 0.01% return. Over the past 10 years, X03B.DE has outperformed D5BC.DE with an annualized return of 0.23%, while D5BC.DE has yielded a comparatively lower -0.22% annualized return.
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
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%
X03B.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
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% | -0.89% | -0.01% | -1.07% |
Correlation
The correlation between X03B.DE and D5BC.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.61 |
Over the past year, X03B.DE and D5BC.DE have become more correlated (0.91) than their long-term average of 0.61, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
X03B.DE vs. D5BC.DE — Risk / Return Rank
X03B.DE
D5BC.DE
X03B.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
| X03B.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.46 | +0.17 |
| Martin ratioReturn relative to average drawdown | 2.04 | 1.39 | +0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| X03B.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.45 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.14 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | -0.18 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.14 | +0.44 |
Drawdowns
X03B.DE vs. D5BC.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum D5BC.DE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for X03B.DE and D5BC.DE.
Loading charts...
Drawdown Indicators
| X03B.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -9.22% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -1.08% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -1.08% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -6.12% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -9.22% | +2.44% |
Current DrawdownCurrent decline from peak | -0.51% | -2.33% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -2.32% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.36% | +0.04% |
Volatility
X03B.DE vs. D5BC.DE - Volatility Comparison
Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) has a higher volatility of 0.50% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.42%. This indicates that X03B.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.
Loading charts...
Volatility by Period
| X03B.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.42% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 1.01% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 1.11% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 1.57% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 1.21% | +0.11% |
X03B.DE vs. D5BC.DE - Expense Ratio Comparison
Both X03B.DE and D5BC.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
X03B.DE vs. D5BC.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, more than D5BC.DE's 1.26% yield.
| 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
With a correlation of 0.91, X03B.DE and D5BC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE and D5BC.DE have the same expense ratio: 0.15% per year.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while D5BC.DE tracks iBoxx® EUR Germany 1-3.
Find the right allocation for X03B.DE and D5BC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer