X710.DE vs. XZEB.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds from Xtrackers - X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10 while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, X710.DE returned 2.66%/yr vs 1.37%/yr for XZEB.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
X710.DE vs. XZEB.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 XZEB.DE's 0.20% 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%
XZEB.DE
- 1D
- 0.07%
- 1M
- 0.46%
- YTD
- 0.20%
- 6M
- 0.05%
- 1Y
- -0.71%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
X710.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.09% | 1.72% | 0.93% | 8.80% | -8.46% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between X710.DE and XZEB.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.98 |
The correlation between X710.DE and XZEB.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
X710.DE vs. XZEB.DE — Risk / Return Rank
X710.DE
XZEB.DE
X710.DE vs. XZEB.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 Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.24 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.18 | -0.53 | +0.71 |
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 | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.17 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
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 | -0.11 | +0.65 |
Drawdowns
X710.DE vs. XZEB.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, which is greater than XZEB.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for X710.DE and XZEB.DE.
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Drawdown Indicators
| X710.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -13.98% | -9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -2.97% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -4.45% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | — | — |
Current DrawdownCurrent decline from peak | -13.46% | -7.28% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -8.40% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.33% | +0.22% |
Volatility
X710.DE vs. XZEB.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a higher volatility of 1.94% compared to Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) at 1.57%. This indicates that X710.DE's price experiences larger fluctuations and is considered to be riskier than XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.57% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.45% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.14% | +0.77% |
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% | 6.32% | +0.07% |
X710.DE vs. XZEB.DE - Expense Ratio Comparison
Both X710.DE and XZEB.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
X710.DE vs. XZEB.DE - Dividend Comparison
Neither X710.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, X710.DE and XZEB.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X710.DE and XZEB.DE have the same expense ratio: 0.15% per year.
X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while XZEB.DE tracks FTSE ESG Select EMU Government Bond.
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