X03B.DE vs. XY4P.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both European Government Bonds funds from Xtrackers - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs 0.56%/yr for XY4P.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
X03B.DE vs. XY4P.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 XY4P.DE's -0.03% return. Over the past 10 years, X03B.DE has underperformed XY4P.DE with an annualized return of 0.23%, while XY4P.DE has yielded a comparatively higher 0.56% annualized return.
X03B.DE
- 1D
- 0.04%
- 1M
- 0.27%
- YTD
- 0.05%
- 6M
- 0.17%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
X03B.DE vs. XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
Correlation
The correlation between X03B.DE and XY4P.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.76 |
The correlation between X03B.DE and XY4P.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
X03B.DE vs. XY4P.DE — Risk / Return Rank
X03B.DE
XY4P.DE
X03B.DE vs. XY4P.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 iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.07 | +0.56 |
| Martin ratioReturn relative to average drawdown | 2.04 | 0.19 | +1.85 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.06 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.20 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.09 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.40 | +0.18 |
Drawdowns
X03B.DE vs. XY4P.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum XY4P.DE drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for X03B.DE and XY4P.DE.
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Drawdown Indicators
| X03B.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -20.52% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.95% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -4.07% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -20.11% | +14.44% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -20.52% | +13.74% |
Current DrawdownCurrent decline from peak | -0.51% | -9.19% | +8.68% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -5.49% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.43% | -1.03% |
Volatility
X03B.DE vs. XY4P.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.50%, while Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) has a volatility of 1.77%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky than XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.77% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 3.88% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 4.57% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 6.49% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 6.49% | -5.17% |
X03B.DE vs. XY4P.DE - Expense Ratio Comparison
Both X03B.DE and XY4P.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. XY4P.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, while XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | 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 XY4P.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 XY4P.DE have the same expense ratio: 0.15% per year.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus.
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