X03F.DE vs. EXUS.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - X03F.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, X03F.DE returned 0.10% vs 23.28% for EXUS.DE. At a 0.27 correlation, their price movements are largely independent. X03F.DE charges 0.09%/yr vs 0.15%/yr for EXUS.DE.
Performance
X03F.DE vs. EXUS.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 EXUS.DE's 11.76% 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%
EXUS.DE
- 1D
- -0.73%
- 1M
- -0.28%
- 6M
- 7.02%
- YTD
- 11.76%
- 1Y
- 23.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
X03F.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 2.58% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 11.76% | 17.80% | 4.15% |
Correlation
The correlation between X03F.DE and EXUS.DE is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.27 |
Over the past year, X03F.DE and EXUS.DE have become more correlated (0.50) than their long-term average of 0.27, 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
X03F.DE vs. EXUS.DE — Risk / Return Rank
X03F.DE
EXUS.DE
X03F.DE vs. EXUS.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 MSCI World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.67 | -2.64 |
| Martin ratioReturn relative to average drawdown | 0.07 | 10.66 | -10.58 |
Loading charts...
Drawdowns
X03F.DE vs. EXUS.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for X03F.DE and EXUS.DE.
Loading charts...
Drawdown Indicators
| X03F.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -16.21% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -8.67% | +5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | — | — |
Current DrawdownCurrent decline from peak | -14.42% | -1.50% | -12.92% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -1.73% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.18% | -0.72% |
Volatility
X03F.DE vs. EXUS.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) is 1.16%, while Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a volatility of 2.99%. This indicates that X03F.DE experiences smaller price fluctuations and is considered to be less risky than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X03F.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.99% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 10.37% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 12.64% | -8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 13.32% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 13.32% | -8.06% |
X03F.DE vs. EXUS.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than EXUS.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. EXUS.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, while EXUS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 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 EXUS.DE have a correlation of 0.50, 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 EXUS.DE.
X03F.DE is categorized as European Government Bonds, while EXUS.DE is Global Equities. X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.09% for X03F.DE and 0.15% for EXUS.DE.
Find the right allocation for X03F.DE and EXUS.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