X03B.DE vs. EXHB.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs -0.27%/yr for EXHB.DE. A 0.55 correlation means they provide meaningful diversification when combined. X03B.DE charges 0.15%/yr vs 0.16%/yr for EXHB.DE.
Performance
X03B.DE vs. EXHB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03B.DE achieves a 0.05% return, which is significantly higher than EXHB.DE's 0.01% return. Over the past 10 years, X03B.DE has outperformed EXHB.DE with an annualized return of 0.23%, while EXHB.DE has yielded a comparatively lower -0.27% 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%
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.02%
- 1Y
- 0.58%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
X03B.DE vs. EXHB.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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | -0.54% | -1.07% |
Correlation
The correlation between X03B.DE and EXHB.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.55 |
Over the past year, X03B.DE and EXHB.DE have become more correlated (0.77) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
X03B.DE vs. EXHB.DE — Risk / Return Rank
X03B.DE
EXHB.DE
X03B.DE vs. EXHB.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 iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.36 | +0.27 |
| Martin ratioReturn relative to average drawdown | 2.04 | 1.07 | +0.97 |
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
| X03B.DE | EXHB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.34 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.12 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | -0.19 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.16 | +0.41 |
Drawdowns
X03B.DE vs. EXHB.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum EXHB.DE drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for X03B.DE and EXHB.DE.
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Drawdown Indicators
| X03B.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -10.06% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -1.17% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -1.17% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -6.45% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -10.06% | +3.28% |
Current DrawdownCurrent decline from peak | -0.51% | -2.91% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -2.72% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.40% | 0.00% |
Volatility
X03B.DE vs. EXHB.DE - Volatility Comparison
Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) and iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) have volatilities of 0.50% and 0.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03B.DE | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.49% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 1.12% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 1.25% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 1.72% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 1.44% | -0.12% |
X03B.DE vs. EXHB.DE - Expense Ratio Comparison
X03B.DE has a 0.15% expense ratio, which is lower than EXHB.DE's 0.16% 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
X03B.DE vs. EXHB.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, more than EXHB.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
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
X03B.DE and EXHB.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for X03B.DE and 0.16% for EXHB.DE.
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