X03F.DE vs. X03B.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and X03B.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 X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs 0.22%/yr for X03B.DE. A 0.74 correlation means they provide meaningful diversification when combined. X03F.DE charges 0.09%/yr vs 0.15%/yr for X03B.DE.
Performance
X03F.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly lower than X03B.DE's 0.12% return. Over the past 10 years, X03F.DE has underperformed X03B.DE with an annualized return of -0.56%, while X03B.DE has yielded a comparatively higher 0.22% 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%
X03B.DE
- 1D
- -0.03%
- 1M
- -0.13%
- 6M
- 0.02%
- YTD
- 0.12%
- 1Y
- 0.73%
- 3Y*
- 2.65%
- 5Y*
- 0.70%
- 10Y*
- 0.22%
X03F.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.12% | 2.25% | 3.05% | 3.36% | -4.65% | -0.78% | -0.13% | 0.14% | -0.34% | -0.48% |
Correlation
The correlation between X03F.DE and X03B.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.74 |
The correlation between X03F.DE and X03B.DE shifts across timeframes, from 0.74 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
X03F.DE vs. X03B.DE — Risk / Return Rank
X03F.DE
X03B.DE
X03F.DE vs. X03B.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 (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.57 | -0.54 |
| Martin ratioReturn relative to average drawdown | 0.07 | 1.75 | -1.68 |
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Drawdowns
X03F.DE vs. X03B.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for X03F.DE and X03B.DE.
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Drawdown Indicators
| X03F.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -6.78% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -1.28% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -1.28% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -5.67% | -15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -6.73% | -15.74% |
Current DrawdownCurrent decline from peak | -14.42% | -0.45% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -1.17% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.42% | +1.04% |
Volatility
X03F.DE vs. X03B.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 (X03B.DE) at 0.37%. This indicates that X03F.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03F.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.37% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 1.25% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 1.32% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 1.64% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 1.33% | +3.93% |
X03F.DE vs. X03B.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than X03B.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. X03B.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, more than X03B.DE's 1.53% yield.
| 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% |
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 X03B.DE have a correlation of 0.81, 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 X03B.DE.
X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. Their fees differ too: 0.09% for X03F.DE and 0.15% for X03B.DE.
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