XBAG.DE vs. XGVC.DE

Last updated Jun 5, 2026

XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both Global Bonds funds from Xtrackers - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets. Both are passively managed. Over the past 3 years, XBAG.DE returned 0.24%/yr vs -0.19%/yr for XGVC.DE. Their correlation of 0.85 suggests significant overlap in exposure. XBAG.DE charges 0.10%/yr vs 0.20%/yr for XGVC.DE.

Performance

XBAG.DE vs. XGVC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) and Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBAG.DE achieves a 0.49% return, which is significantly higher than XGVC.DE's 0.30% 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%

XGVC.DE

• 1D: 0.21%
• 1M: 0.26%
• YTD: 0.30%
• 6M: -0.16%
• 1Y: -1.01%
• 3Y*: -0.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XBAG.DE vs. XGVC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	0.49%	-3.89%	3.40%	1.86%	-3.34%
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF	0.30%	-4.28%	1.61%	2.49%	-5.86%

Correlation

The correlation between XBAG.DE and XGVC.DE is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022	0.85

The correlation between XBAG.DE and XGVC.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

XBAG.DE vs. XGVC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XBAG.DE

XBAG.DE Risk / Return Rank: 8
XBAG.DE Sharpe Ratio Rank: 9
XBAG.DE Sortino Ratio Rank: 8
XBAG.DE Omega Ratio Rank: 8
XBAG.DE Calmar Ratio Rank: 8
XBAG.DE Martin Ratio Rank: 8

XGVC.DE

XGVC.DE Risk / Return Rank: 5
XGVC.DE Sharpe Ratio Rank: 6
XGVC.DE Sortino Ratio Rank: 5
XGVC.DE Omega Ratio Rank: 5
XGVC.DE Calmar Ratio Rank: 5
XGVC.DE Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBAG.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 1D (XBAG.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.

	XBAG.DE	XGVC.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	-0.34	+0.28
Sortino ratio: Return per unit of downside risk	-0.05	-0.44	+0.39
Omega ratio: Gain probability vs. loss probability	0.99	0.95	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.08	-0.51	+0.42
Martin ratio: Return relative to average drawdown	-0.16	-0.95	+0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBAG.DE vs. XGVC.DE - Sharpe Ratio Comparison

The current XBAG.DE Sharpe Ratio is -0.05, which is higher than the XGVC.DE Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of XBAG.DE and XGVC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XBAG.DE	XGVC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	-0.34	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
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	-0.24	+0.52

Drawdowns

XBAG.DE vs. XGVC.DE - Drawdown Comparison

The maximum XBAG.DE drawdown since its inception was -16.64%, 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 XBAG.DE and XGVC.DE.

Drawdown Indicators

	XBAG.DE	XGVC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-15.47%	-1.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-2.66%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-7.49%	-7.10%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.64%	—	—
Current Drawdown Current decline from peak	-12.21%	-12.39%	+0.18%
Average Drawdown Average peak-to-trough decline	-6.65%	-10.81%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.42%	-0.19%

Volatility

XBAG.DE vs. XGVC.DE - Volatility Comparison

The current volatility for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) is 0.99%, while Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a volatility of 1.54%. This indicates that XBAG.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.

Volatility by Period

	XBAG.DE	XGVC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	1.54%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	3.05%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	4.00%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	6.22%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.92%	6.22%	-0.30%

XBAG.DE vs. XGVC.DE - Expense Ratio Comparison

XBAG.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

XBAG.DE vs. XGVC.DE - Dividend Comparison

XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, while XGVC.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF	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

Can I hold both XBAG.DE and XGVC.DE in my portfolio?

XBAG.DE and XGVC.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBAG.DE or XGVC.DE?

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.

Which ETF is cheaper, XBAG.DE or XGVC.DE?

XBAG.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XGVC.DE.

What is the main difference between XBAG.DE and XGVC.DE?

XBAG.DE tracks Bloomberg Global Aggregate TR USD, while XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets. Their fees differ too: 0.10% for XBAG.DE and 0.20% for XGVC.DE.