X03G.DE vs. XDEQ.DE
X03G.DE (Xtrackers II Germany Government Bond UCITS ETF) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - X03G.DE is a European Government Bonds fund tracking the iBoxx® EUR Germany, while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, X03G.DE returned -1.28%/yr vs 12.38%/yr for XDEQ.DE. At a correlation of -0.04, they often move in opposite directions. X03G.DE charges 0.15%/yr vs 0.25%/yr for XDEQ.DE.
Performance
X03G.DE vs. XDEQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X03G.DE achieves a -0.04% return, which is significantly lower than XDEQ.DE's 9.48% return. Over the past 10 years, X03G.DE has underperformed XDEQ.DE with an annualized return of -1.28%, while XDEQ.DE has yielded a comparatively higher 12.38% annualized 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%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 3.10%
- YTD
- 9.48%
- 6M
- 9.63%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
X03G.DE vs. XDEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03G.DE Xtrackers II Germany Government Bond UCITS ETF | -0.04% | -1.48% | 0.14% | 5.23% | -17.79% | -2.57% | 2.71% | 2.86% | 2.17% | -1.47% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between X03G.DE and XDEQ.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | -0.04 |
The correlation between X03G.DE and XDEQ.DE shifts across timeframes, from -0.04 (all time) to 0.29 (1 year), 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
X03G.DE vs. XDEQ.DE — Risk / Return Rank
X03G.DE
XDEQ.DE
X03G.DE vs. XDEQ.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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.34 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 3.04 | -3.51 |
| Martin ratioReturn relative to average drawdown | -0.99 | 12.17 | -13.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| X03G.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 1.78 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.80 | -1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.85 | -1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.80 | -0.76 |
Drawdowns
X03G.DE vs. XDEQ.DE - Drawdown Comparison
The maximum X03G.DE drawdown since its inception was -23.87%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for X03G.DE and XDEQ.DE.
Loading charts...
Drawdown Indicators
| X03G.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -32.16% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -6.22% | +3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -20.59% | +15.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -20.59% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -23.87% | -32.16% | +8.29% |
Current DrawdownCurrent decline from peak | -19.28% | 0.00% | -19.28% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -4.75% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.56% | -0.18% |
Volatility
X03G.DE vs. XDEQ.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond UCITS ETF (X03G.DE) is 1.43%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a volatility of 2.36%. This indicates that X03G.DE experiences smaller price fluctuations and is considered to be less risky than XDEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X03G.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.36% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 7.32% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 10.64% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 14.12% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 15.35% | -10.20% |
X03G.DE vs. XDEQ.DE - Expense Ratio Comparison
X03G.DE has a 0.15% expense ratio, which is lower than XDEQ.DE's 0.25% 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
X03G.DE vs. XDEQ.DE - Dividend Comparison
Neither X03G.DE nor XDEQ.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 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
X03G.DE and XDEQ.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03G.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03G.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEQ.DE.
X03G.DE is categorized as European Government Bonds, while XDEQ.DE is Global Equities. X03G.DE tracks iBoxx® EUR Germany, while XDEQ.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for X03G.DE and 0.25% for XDEQ.DE.
Find the right allocation for X03G.DE and XDEQ.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