XBAE.DE vs. XGVC.DE
XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) and XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds from Xtrackers - XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged) while XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets. Both are passively managed. Over the past 3 years, XBAE.DE returned 1.72%/yr vs -0.19%/yr for XGVC.DE. A 0.73 correlation means they provide meaningful diversification when combined. XBAE.DE charges 0.10%/yr vs 0.20%/yr for XGVC.DE.
Performance
XBAE.DE vs. XGVC.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 XGVC.DE's 0.30% 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%
XGVC.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.30%
- 6M
- -0.16%
- 1Y
- -1.01%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
XBAE.DE vs. XGVC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -3.58% |
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.30% | -4.28% | 1.61% | 2.49% | -5.86% |
Correlation
The correlation between XBAE.DE and XGVC.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.73 |
The correlation between XBAE.DE and XGVC.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
XBAE.DE vs. XGVC.DE — Risk / Return Rank
XBAE.DE
XGVC.DE
XBAE.DE vs. XGVC.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 Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.95 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.51 | +0.80 |
| Martin ratioReturn relative to average drawdown | 0.83 | -0.95 | +1.78 |
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 | XGVC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.34 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
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 | -0.24 | +0.32 |
Drawdowns
XBAE.DE vs. XGVC.DE - Drawdown Comparison
The maximum XBAE.DE drawdown since its inception was -19.04%, which is greater than XGVC.DE's maximum drawdown of -15.47%. Use the drawdown chart below to compare losses from any high point for XBAE.DE and XGVC.DE.
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Drawdown Indicators
| XBAE.DE | XGVC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.04% | -15.47% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.66% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -7.10% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.04% | — | — |
Current DrawdownCurrent decline from peak | -10.88% | -12.39% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -10.81% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.42% | -0.31% |
Volatility
XBAE.DE vs. XGVC.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) is 1.32%, while Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a volatility of 1.54%. This indicates that XBAE.DE experiences smaller price fluctuations and is considered to be less risky than XGVC.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 | XGVC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.54% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.05% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 4.00% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 6.22% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 6.22% | -1.59% |
XBAE.DE vs. XGVC.DE - Expense Ratio Comparison
XBAE.DE has a 0.10% expense ratio, which is lower than XGVC.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. XGVC.DE - Dividend Comparison
Neither XBAE.DE nor XGVC.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAE.DE and XGVC.DE have a correlation of 0.64, 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 XGVC.DE.
XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged), while XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets. Their fees differ too: 0.10% for XBAE.DE and 0.20% for XGVC.DE.
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