X03G.DE vs. EIB3.DE
X03G.DE (Xtrackers II Germany Government Bond UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - X03G.DE tracks the iBoxx® EUR Germany while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, X03G.DE returned -3.03%/yr vs 0.63%/yr for EIB3.DE. A 0.73 correlation means they provide meaningful diversification when combined. X03G.DE charges 0.15%/yr vs 0.10%/yr for EIB3.DE.
Performance
X03G.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03G.DE achieves a -0.04% return, which is significantly lower than EIB3.DE's 0.19% return.
X03G.DE
- 1D
- 0.11%
- 1M
- -0.00%
- YTD
- -0.04%
- 6M
- -0.24%
- 1Y
- -0.95%
- 3Y*
- 0.86%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
X03G.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
X03G.DE Xtrackers II Germany Government Bond UCITS ETF | -0.04% | -1.48% | 0.14% | 5.23% | -17.79% | -2.57% | 2.71% | -4.05% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between X03G.DE and EIB3.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.73 |
The correlation between X03G.DE and EIB3.DE shifts across timeframes, from 0.55 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
X03G.DE vs. EIB3.DE — Risk / Return Rank
X03G.DE
EIB3.DE
X03G.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond UCITS ETF (X03G.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| X03G.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.06 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.50 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.99 | 1.50 | -2.49 |
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
| X03G.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 0.26 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.30 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.17 | -0.13 |
Drawdowns
X03G.DE vs. EIB3.DE - Drawdown Comparison
The maximum X03G.DE drawdown since its inception was -23.87%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for X03G.DE and EIB3.DE.
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Drawdown Indicators
| X03G.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -6.78% | -17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -1.60% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -1.60% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -5.91% | -15.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.87% | — | — |
Current DrawdownCurrent decline from peak | -19.28% | -0.68% | -18.60% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -2.06% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.54% | +0.84% |
Volatility
X03G.DE vs. EIB3.DE - Volatility Comparison
Xtrackers II Germany Government Bond UCITS ETF (X03G.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) have volatilities of 1.43% and 1.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03G.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.50% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.75% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.11% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 2.11% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 1.89% | +3.26% |
X03G.DE vs. EIB3.DE - Expense Ratio Comparison
X03G.DE has a 0.15% expense ratio, which is higher than EIB3.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
X03G.DE vs. EIB3.DE - Dividend Comparison
X03G.DE has not paid dividends to shareholders, while EIB3.DE's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X03G.DE Xtrackers II Germany Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.33% |
Frequently Asked Questions
X03G.DE and EIB3.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for X03G.DE.
X03G.DE tracks iBoxx® EUR Germany, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.15% for X03G.DE and 0.10% for EIB3.DE.
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