XAT1.DE vs. XZBU.DE
Compare and contrast key facts about Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) and Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.DE).
XAT1.DE and XZBU.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAT1.DE is a passively managed fund by Invesco that tracks the performance of the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. It was launched on Mar 9, 2020. XZBU.DE is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Sep 3, 2020. Both XAT1.DE and XZBU.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XAT1.DE vs. XZBU.DE - Performance Comparison
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XAT1.DE vs. XZBU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | -0.82% | 8.61% | 8.34% | -0.02% | -12.08% | 2.58% | 4.29% |
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 0.82% | -3.98% | 6.63% | 5.34% | -13.42% | 6.21% | -1.19% |
Returns By Period
In the year-to-date period, XAT1.DE achieves a -0.82% return, which is significantly lower than XZBU.DE's 0.82% return.
XAT1.DE
- 1D
- 1.12%
- 1M
- -0.98%
- YTD
- -0.82%
- 6M
- 0.67%
- 1Y
- 5.93%
- 3Y*
- 9.23%
- 5Y*
- 0.84%
- 10Y*
- —
XZBU.DE
- 1D
- -0.19%
- 1M
- -0.65%
- YTD
- 0.82%
- 6M
- 1.05%
- 1Y
- -2.73%
- 3Y*
- 2.13%
- 5Y*
- 0.24%
- 10Y*
- —
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XAT1.DE vs. XZBU.DE - Expense Ratio Comparison
XAT1.DE has a 0.39% expense ratio, which is higher than XZBU.DE's 0.16% expense ratio.
Return for Risk
XAT1.DE vs. XZBU.DE — Risk / Return Rank
XAT1.DE
XZBU.DE
XAT1.DE vs. XZBU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) and Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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.
| XAT1.DE | XZBU.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | -0.30 | +1.41 |
Sortino ratioReturn per unit of downside risk | 1.51 | -0.33 | +1.83 |
Omega ratioGain probability vs. loss probability | 1.25 | 0.95 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.27 | +1.81 |
Martin ratioReturn relative to average drawdown | 6.56 | -0.64 | +7.20 |
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
| XAT1.DE | XZBU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | -0.30 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.03 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.02 | +0.32 |
Correlation
The correlation between XAT1.DE and XZBU.DE is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XAT1.DE vs. XZBU.DE - Dividend Comparison
XAT1.DE's dividend yield for the trailing twelve months is around 6.01%, while XZBU.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 6.01% | 5.95% | 6.40% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.63% |
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XAT1.DE vs. XZBU.DE - Drawdown Comparison
The maximum XAT1.DE drawdown since its inception was -28.95%, which is greater than XZBU.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for XAT1.DE and XZBU.DE.
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Drawdown Indicators
| XAT1.DE | XZBU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.95% | -17.79% | -11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -8.61% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -17.79% | -9.95% |
Current DrawdownCurrent decline from peak | -2.00% | -7.46% | +5.46% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -7.99% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.37% | -2.47% |
Volatility
XAT1.DE vs. XZBU.DE - Volatility Comparison
Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) has a higher volatility of 2.80% compared to Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.DE) at 1.93%. This indicates that XAT1.DE's price experiences larger fluctuations and is considered to be riskier than XZBU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAT1.DE | XZBU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.93% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 4.41% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 9.09% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 9.19% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 9.05% | +1.25% |