XBAG.DE vs. EUN3.DE
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) are both Global Bonds funds - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while EUN3.DE tracks the FTSE G7 Government Bond. Both are passively managed. Over the past 10 years, XBAG.DE returned -0.06%/yr vs -1.20%/yr for EUN3.DE. Their correlation of 0.90 suggests significant overlap in exposure. XBAG.DE charges 0.10%/yr vs 0.20%/yr for EUN3.DE.
Performance
XBAG.DE vs. EUN3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAG.DE achieves a 0.49% return, which is significantly higher than EUN3.DE's -1.67% return. Over the past 10 years, XBAG.DE has outperformed EUN3.DE with an annualized return of -0.06%, while EUN3.DE has yielded a comparatively lower -1.20% annualized return.
XBAG.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.49%
- 6M
- -0.04%
- 1Y
- 0.10%
- 3Y*
- 0.24%
- 5Y*
- -1.25%
- 10Y*
- -0.06%
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.34%
- 1Y
- -2.97%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
XBAG.DE vs. EUN3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 0.49% | -3.89% | 3.40% | 1.86% | -11.56% | 2.92% | -0.49% | 9.25% | 3.04% | -6.07% |
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 1.09% | -0.23% | 8.23% | 4.02% | -6.88% |
Correlation
The correlation between XBAG.DE and EUN3.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | 0.90 |
The correlation between XBAG.DE and EUN3.DE has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
XBAG.DE vs. EUN3.DE — Risk / Return Rank
XBAG.DE
EUN3.DE
XBAG.DE vs. EUN3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) and iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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.
| XBAG.DE | EUN3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.88 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.70 | +0.62 |
| Martin ratioReturn relative to average drawdown | -0.16 | -1.37 | +1.20 |
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
| XBAG.DE | EUN3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.74 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.40 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | -0.19 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.17 | +0.11 |
Drawdowns
XBAG.DE vs. EUN3.DE - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -16.64%, smaller than the maximum EUN3.DE drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for XBAG.DE and EUN3.DE.
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Drawdown Indicators
| XBAG.DE | EUN3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -22.74% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -4.71% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.49% | -10.14% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -18.98% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -16.64% | -22.74% | +6.10% |
Current DrawdownCurrent decline from peak | -12.21% | -21.83% | +9.62% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -9.52% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.42% | -1.19% |
Volatility
XBAG.DE vs. EUN3.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) is 0.99%, while iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) has a volatility of 1.12%. This indicates that XBAG.DE experiences smaller price fluctuations and is considered to be less risky than EUN3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAG.DE | EUN3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.12% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 3.34% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 4.44% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 6.83% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 6.23% | -0.31% |
XBAG.DE vs. EUN3.DE - Expense Ratio Comparison
XBAG.DE has a 0.10% expense ratio, which is lower than EUN3.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
XBAG.DE vs. EUN3.DE - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, more than EUN3.DE's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 3.00% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% | 0.00% |
Frequently Asked Questions
XBAG.DE and EUN3.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAG.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for EUN3.DE.
XBAG.DE tracks Bloomberg Global Aggregate TR USD, while EUN3.DE tracks FTSE G7 Government Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XBAG.DE and 0.20% for EUN3.DE.
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