X710.DE vs. VGEB.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, X710.DE returned -2.29%/yr vs -2.17%/yr for VGEB.DE. With a 0.97 correlation, they move nearly in lockstep. X710.DE charges 0.15%/yr vs 0.07%/yr for VGEB.DE.
Performance
X710.DE vs. VGEB.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 VGEB.DE's 0.13% 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%
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.07%
- 1Y
- -0.09%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
X710.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 6.78% | 1.03% | 0.25% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 7.05% | 1.21% | -0.03% |
Correlation
The correlation between X710.DE and VGEB.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.97 |
The correlation between X710.DE and VGEB.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
X710.DE vs. VGEB.DE — Risk / Return Rank
X710.DE
VGEB.DE
X710.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.03 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.18 | -0.06 | +0.24 |
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 | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.02 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.34 | +0.03 |
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 | -0.03 | +0.58 |
Drawdowns
X710.DE vs. VGEB.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for X710.DE and VGEB.DE.
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Drawdown Indicators
| X710.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -22.15% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -3.43% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -4.05% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -21.25% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | — | — |
Current DrawdownCurrent decline from peak | -13.46% | -13.65% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -8.83% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.35% | +0.20% |
Volatility
X710.DE vs. VGEB.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a higher volatility of 1.94% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) at 1.63%. This indicates that X710.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.63% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.47% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.16% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 6.32% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 5.52% | +0.87% |
X710.DE vs. VGEB.DE - Expense Ratio Comparison
X710.DE has a 0.15% expense ratio, which is higher than VGEB.DE's 0.07% 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. VGEB.DE - Dividend Comparison
X710.DE has not paid dividends to shareholders, while VGEB.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, X710.DE and VGEB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for X710.DE.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for X710.DE and 0.07% for VGEB.DE.
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