XBAE.DE vs. IS0Z.DE
XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) and IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds - XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged) while IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond. Both are passively managed. Over the past 10 years, XBAE.DE returned -0.46%/yr vs -0.58%/yr for IS0Z.DE. A 0.62 correlation means they provide meaningful diversification when combined. XBAE.DE charges 0.10%/yr vs 0.20%/yr for IS0Z.DE.
Performance
XBAE.DE vs. IS0Z.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAE.DE achieves a -0.55% return, which is significantly lower than IS0Z.DE's 1.29% return. Over the past 10 years, XBAE.DE has outperformed IS0Z.DE with an annualized return of -0.46%, while IS0Z.DE has yielded a comparatively lower -0.58% annualized return.
XBAE.DE
- 1D
- 0.05%
- 1M
- -0.24%
- YTD
- -0.55%
- 6M
- -0.54%
- 1Y
- 1.07%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 1.29%
- 6M
- 1.26%
- 1Y
- 0.54%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
XBAE.DE vs. IS0Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -1.57% | 0.56% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 1.73% | -3.57% |
Correlation
The correlation between XBAE.DE and IS0Z.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | 0.62 |
The correlation between XBAE.DE and IS0Z.DE shifts across timeframes, from 0.62 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAE.DE vs. IS0Z.DE — Risk / Return Rank
XBAE.DE
IS0Z.DE
XBAE.DE vs. IS0Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) and iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.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.
| XBAE.DE | IS0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.09 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.83 | 0.19 | +0.64 |
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
| XBAE.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.06 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.34 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | -0.10 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.05 | +0.03 |
Drawdowns
XBAE.DE vs. IS0Z.DE - Drawdown Comparison
The maximum XBAE.DE drawdown since its inception was -19.04%, smaller than the maximum IS0Z.DE drawdown of -21.02%. Use the drawdown chart below to compare losses from any high point for XBAE.DE and IS0Z.DE.
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Drawdown Indicators
| XBAE.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.04% | -21.02% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.50% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -5.11% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -19.65% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -19.04% | -21.02% | +1.98% |
Current DrawdownCurrent decline from peak | -10.88% | -15.06% | +4.18% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -7.48% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.21% | -0.10% |
Volatility
XBAE.DE vs. IS0Z.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) is 1.32%, while iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a volatility of 1.69%. This indicates that XBAE.DE experiences smaller price fluctuations and is considered to be less risky than IS0Z.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAE.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.69% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.07% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 3.82% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 6.19% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 5.66% | -1.03% |
XBAE.DE vs. IS0Z.DE - Expense Ratio Comparison
XBAE.DE has a 0.10% expense ratio, which is lower than IS0Z.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBAE.DE vs. IS0Z.DE - Dividend Comparison
XBAE.DE has not paid dividends to shareholders, while IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 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
XBAE.DE and IS0Z.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IS0Z.DE.
XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged), while IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XBAE.DE and 0.20% for IS0Z.DE.
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