X710.DE vs. EIB3.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, X710.DE returned -2.29%/yr vs 0.63%/yr for EIB3.DE. Their correlation of 0.81 suggests significant overlap in exposure. X710.DE charges 0.15%/yr vs 0.10%/yr for EIB3.DE.
Performance
X710.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X710.DE achieves a 0.09% return, which is significantly lower than EIB3.DE's 0.19% return.
X710.DE
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- 0.09%
- 6M
- -0.04%
- 1Y
- 0.27%
- 3Y*
- 2.66%
- 5Y*
- -2.29%
- 10Y*
- -0.16%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.27%
- YTD
- 0.19%
- 6M
- 0.55%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
X710.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.09% | 1.72% | 0.93% | 8.80% | -19.69% | -3.23% | 4.20% | -3.22% |
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 X710.DE and EIB3.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.81 |
Over the past year, the correlation between X710.DE and EIB3.DE has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
X710.DE vs. EIB3.DE — Risk / Return Rank
X710.DE
EIB3.DE
X710.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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.
| X710.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.50 | -0.44 |
| Martin ratioReturn relative to average drawdown | 0.18 | 1.50 | -1.32 |
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
| X710.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.26 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.30 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.17 | +0.38 |
Drawdowns
X710.DE vs. EIB3.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, 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 X710.DE and EIB3.DE.
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Drawdown Indicators
| X710.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -6.78% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -1.60% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -1.60% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -5.91% | -16.93% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | — | — |
Current DrawdownCurrent decline from peak | -13.46% | -0.68% | -12.78% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -2.06% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.54% | +1.01% |
Volatility
X710.DE vs. EIB3.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a higher volatility of 1.94% compared to Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that X710.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X710.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.50% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 2.75% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 3.11% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 2.11% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 1.89% | +4.50% |
X710.DE vs. EIB3.DE - Expense Ratio Comparison
X710.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
X710.DE vs. EIB3.DE - Dividend Comparison
X710.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 |
|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X710.DE and EIB3.DE have a correlation of 0.56, 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 X710.DE.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, 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 X710.DE and 0.10% for EIB3.DE.
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