X03F.DE vs. DBXP.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds from Xtrackers - X03F.DE tracks the iBoxx® EUR Sovereigns Eurozone while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs 0.23%/yr for DBXP.DE. A 0.68 correlation means they provide meaningful diversification when combined. X03F.DE charges 0.09%/yr vs 0.15%/yr for DBXP.DE.
Performance
X03F.DE vs. DBXP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly lower than DBXP.DE's 0.18% return. Over the past 10 years, X03F.DE has underperformed DBXP.DE with an annualized return of -0.56%, while DBXP.DE has yielded a comparatively higher 0.23% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
DBXP.DE
- 1D
- -0.02%
- 1M
- -0.15%
- 6M
- -0.04%
- YTD
- 0.18%
- 1Y
- 0.72%
- 3Y*
- 2.66%
- 5Y*
- 0.70%
- 10Y*
- 0.23%
X03F.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.18% | 2.21% | 2.99% | 3.41% | -4.65% | -0.79% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between X03F.DE and DBXP.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.68 |
The correlation between X03F.DE and DBXP.DE shifts across timeframes, from 0.68 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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
X03F.DE vs. DBXP.DE — Risk / Return Rank
X03F.DE
DBXP.DE
X03F.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| X03F.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.58 | -0.55 |
| Martin ratioReturn relative to average drawdown | 0.07 | 1.79 | -1.72 |
Loading charts...
Drawdowns
X03F.DE vs. DBXP.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for X03F.DE and DBXP.DE.
Loading charts...
Drawdown Indicators
| X03F.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -6.77% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -1.24% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -1.24% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -5.67% | -15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -6.72% | -15.75% |
Current DrawdownCurrent decline from peak | -14.42% | -0.41% | -14.01% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.99% | -5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.40% | +1.06% |
Volatility
X03F.DE vs. DBXP.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) has a higher volatility of 1.16% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.34%. This indicates that X03F.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X03F.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.34% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 1.15% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 1.33% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 1.66% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 1.80% | +3.46% |
X03F.DE vs. DBXP.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than DBXP.DE's 0.15% 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
X03F.DE vs. DBXP.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, while DBXP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 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% |
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
Frequently Asked Questions
X03F.DE and DBXP.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03F.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for DBXP.DE.
X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. Their fees differ too: 0.09% for X03F.DE and 0.15% for DBXP.DE.
Find the right allocation for X03F.DE and DBXP.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