X03G.DE vs. XYP1.DE
X03G.DE (Xtrackers II Germany Government Bond UCITS ETF) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds from Xtrackers - X03G.DE tracks the iBoxx® EUR Germany while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 10 years, X03G.DE returned -1.28%/yr vs 0.56%/yr for XYP1.DE. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
X03G.DE vs. XYP1.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 XYP1.DE's 0.03% return. Over the past 10 years, X03G.DE has underperformed XYP1.DE with an annualized return of -1.28%, while XYP1.DE has yielded a comparatively higher 0.56% 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%
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
X03G.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | -0.30% |
Correlation
The correlation between X03G.DE and XYP1.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.46 |
Over the past year, X03G.DE and XYP1.DE have become more correlated (0.79) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
X03G.DE vs. XYP1.DE — Risk / Return Rank
X03G.DE
XYP1.DE
X03G.DE vs. XYP1.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 Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.11 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.55 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.99 | 1.75 | -2.74 |
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 | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 0.56 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.49 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.28 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.46 | -0.42 |
Drawdowns
X03G.DE vs. XYP1.DE - Drawdown Comparison
The maximum X03G.DE drawdown since its inception was -23.87%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for X03G.DE and XYP1.DE.
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Drawdown Indicators
| X03G.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -5.77% | -18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -1.39% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -1.39% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -5.53% | -15.66% |
Max Drawdown (10Y)Largest decline over 10 years | -23.87% | -5.77% | -18.10% |
Current DrawdownCurrent decline from peak | -19.28% | -0.61% | -18.67% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -0.93% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.44% | +0.94% |
Volatility
X03G.DE vs. XYP1.DE - Volatility Comparison
Xtrackers II Germany Government Bond UCITS ETF (X03G.DE) has a higher volatility of 1.43% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that X03G.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03G.DE | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.49% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 1.25% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 1.38% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 1.75% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 2.01% | +3.14% |
X03G.DE vs. XYP1.DE - Expense Ratio Comparison
Both X03G.DE and XYP1.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
X03G.DE vs. XYP1.DE - Dividend Comparison
Neither X03G.DE nor XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 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% |
Frequently Asked Questions
X03G.DE and XYP1.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X03G.DE and XYP1.DE have the same expense ratio: 0.15% per year.
X03G.DE tracks iBoxx® EUR Germany, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3.
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