X03B.DE vs. XDWH.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - X03B.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs 7.61%/yr for XDWH.DE. At a 0.07 correlation, their price movements are largely independent. X03B.DE charges 0.15%/yr vs 0.25%/yr for XDWH.DE.
Performance
X03B.DE vs. XDWH.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 XDWH.DE's -1.98% return. Over the past 10 years, X03B.DE has underperformed XDWH.DE with an annualized return of 0.23%, while XDWH.DE has yielded a comparatively higher 7.61% 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%
XDWH.DE
- 1D
- 2.85%
- 1M
- 3.42%
- YTD
- -1.98%
- 6M
- -1.51%
- 1Y
- 9.79%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
X03B.DE vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.04% | -0.07% | 30.55% | 2.69% | 27.24% | 5.96% | 5.52% |
Correlation
The correlation between X03B.DE and XDWH.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2016 | 0.07 |
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Return for Risk
X03B.DE vs. XDWH.DE — Risk / Return Rank
X03B.DE
XDWH.DE
X03B.DE vs. XDWH.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 MSCI World Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.93 | -0.29 |
| Martin ratioReturn relative to average drawdown | 2.04 | 2.28 | -0.24 |
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 | XDWH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.41 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.51 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.55 | +0.02 |
Drawdowns
X03B.DE vs. XDWH.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum XDWH.DE drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for X03B.DE and XDWH.DE.
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Drawdown Indicators
| X03B.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -26.08% | +19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -10.32% | +9.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -21.12% | +19.84% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -21.12% | +15.45% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -26.08% | +19.30% |
Current DrawdownCurrent decline from peak | -0.51% | -8.51% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -4.82% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 4.20% | -3.80% |
Volatility
X03B.DE vs. XDWH.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.50%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.81%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03B.DE | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 4.81% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 9.51% | -8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 13.69% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 13.43% | -11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 14.69% | -13.37% |
X03B.DE vs. XDWH.DE - Expense Ratio Comparison
X03B.DE has a 0.15% expense ratio, which is lower than XDWH.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
X03B.DE vs. XDWH.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, while XDWH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X03B.DE and XDWH.DE have a correlation of 0.17, 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 0.25% for XDWH.DE.
X03B.DE is categorized as European Government Bonds, while XDWH.DE is Health & Biotech Equities. X03B.DE tracks iBoxx® EUR Eurozone 1-3, while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.15% for X03B.DE and 0.25% for XDWH.DE.
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