XBAG.DE vs. IEAA.L
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - XBAG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, XBAG.DE returned -1.25%/yr vs 0.09%/yr for IEAA.L. At a 0.45 correlation, their price movements are largely independent. XBAG.DE charges 0.10%/yr vs 0.20%/yr for IEAA.L.
Performance
XBAG.DE vs. IEAA.L - 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 lower than IEAA.L's 0.56% 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%
IEAA.L
- 1D
- 0.13%
- 1M
- 0.35%
- YTD
- 0.56%
- 6M
- 0.50%
- 1Y
- 2.22%
- 3Y*
- 4.59%
- 5Y*
- 0.09%
- 10Y*
- —
XBAG.DE vs. IEAA.L - 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% | -1.10% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.56% | 3.10% | 4.31% | 7.51% | -13.40% | -1.11% | 2.70% | 6.24% | -1.48% | 0.45% |
Correlation
The correlation between XBAG.DE and IEAA.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.45 |
The correlation between XBAG.DE and IEAA.L shifts across timeframes, from 0.35 (1 year) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAG.DE vs. IEAA.L — Risk / Return Rank
XBAG.DE
IEAA.L
XBAG.DE vs. IEAA.L - 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 Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L). 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 | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.12 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.72 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.16 | 2.55 | -2.72 |
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 | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.63 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.02 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.18 | +0.09 |
Drawdowns
XBAG.DE vs. IEAA.L - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -16.64%, roughly equal to the maximum IEAA.L drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for XBAG.DE and IEAA.L.
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Drawdown Indicators
| XBAG.DE | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -17.29% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.73% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.49% | -2.73% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -17.29% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -16.64% | — | — |
Current DrawdownCurrent decline from peak | -12.21% | -1.07% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -4.56% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.77% | +0.46% |
Volatility
XBAG.DE vs. IEAA.L - Volatility Comparison
The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) is 0.99%, while iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a volatility of 1.30%. This indicates that XBAG.DE experiences smaller price fluctuations and is considered to be less risky than IEAA.L 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 | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.30% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.78% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.11% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 4.47% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 4.68% | +1.24% |
XBAG.DE vs. IEAA.L - Expense Ratio Comparison
XBAG.DE has a 0.10% expense ratio, which is lower than IEAA.L'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. IEAA.L - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, while IEAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
XBAG.DE and IEAA.L have a correlation of 0.35, 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 IEAA.L.
XBAG.DE is categorized as Global Bonds, while IEAA.L is European Corporate Bonds. XBAG.DE tracks Bloomberg Global Aggregate TR USD, while IEAA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XBAG.DE and 0.20% for IEAA.L.
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