XBAE.DE vs. VWCE.DE
XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XBAE.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged), while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XBAE.DE returned -1.74%/yr vs 12.28%/yr for VWCE.DE. At a 0.03 correlation, their price movements are largely independent. XBAE.DE charges 0.10%/yr vs 0.19%/yr for VWCE.DE.
Performance
XBAE.DE vs. VWCE.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 VWCE.DE's 12.64% 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%
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
XBAE.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.38% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between XBAE.DE and VWCE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.03 |
Over the past year, XBAE.DE and VWCE.DE have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
XBAE.DE vs. VWCE.DE — Risk / Return Rank
XBAE.DE
VWCE.DE
XBAE.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 4.01 | -3.72 |
| Martin ratioReturn relative to average drawdown | 0.83 | 16.55 | -15.71 |
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
| XBAE.DE | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 2.31 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.88 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.79 | -0.71 |
Drawdowns
XBAE.DE vs. VWCE.DE - Drawdown Comparison
The maximum XBAE.DE drawdown since its inception was -19.04%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XBAE.DE and VWCE.DE.
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Drawdown Indicators
| XBAE.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.04% | -33.43% | +14.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -6.55% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -21.07% | +16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -21.07% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -19.04% | — | — |
Current DrawdownCurrent decline from peak | -10.88% | -0.66% | -10.22% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -4.69% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.59% | -0.48% |
Volatility
XBAE.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) is 1.32%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that XBAE.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 3.06% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 8.18% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 11.37% | -7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 13.75% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 16.16% | -11.53% |
XBAE.DE vs. VWCE.DE - Expense Ratio Comparison
XBAE.DE has a 0.10% expense ratio, which is lower than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither XBAE.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAE.DE and VWCE.DE have a correlation of 0.24, 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 0.19% for VWCE.DE.
XBAE.DE is categorized as Global Bonds, while VWCE.DE is Global Equities. XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged), while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.10% for XBAE.DE and 0.19% for VWCE.DE.
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