XBAG.DE vs. XZEG.DE
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) are both Global Bonds funds from Xtrackers - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while XZEG.DE tracks the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged). Both are passively managed. Over the past 3 years, XBAG.DE returned 0.24%/yr vs 0.67%/yr for XZEG.DE. A 0.63 correlation means they provide meaningful diversification when combined. XBAG.DE charges 0.10%/yr vs 0.25%/yr for XZEG.DE.
Performance
XBAG.DE vs. XZEG.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 XZEG.DE's -0.85% 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%
XZEG.DE
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- -0.85%
- 6M
- -0.89%
- 1Y
- -0.40%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
XBAG.DE vs. XZEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 0.49% | -3.89% | 3.40% | 1.86% | -11.56% | -1.29% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | -17.03% | -1.50% |
Correlation
The correlation between XBAG.DE and XZEG.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.63 |
The correlation between XBAG.DE and XZEG.DE shifts across timeframes, from 0.43 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBAG.DE vs. XZEG.DE — Risk / Return Rank
XBAG.DE
XZEG.DE
XBAG.DE vs. XZEG.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 4D EUR Hedged (XZEG.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 | XZEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.16 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.16 | -0.44 | +0.28 |
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 | XZEG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.16 | +0.11 |
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 | -0.66 | +0.93 |
Drawdowns
XBAG.DE vs. XZEG.DE - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -16.64%, smaller than the maximum XZEG.DE drawdown of -21.14%. Use the drawdown chart below to compare losses from any high point for XBAG.DE and XZEG.DE.
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Drawdown Indicators
| XBAG.DE | XZEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -21.14% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -3.70% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.49% | -4.32% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.64% | — | — |
Current DrawdownCurrent decline from peak | -12.21% | -16.14% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -15.25% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.34% | -0.11% |
Volatility
XBAG.DE vs. XZEG.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 4D EUR Hedged (XZEG.DE) has a volatility of 1.42%. This indicates that XBAG.DE experiences smaller price fluctuations and is considered to be less risky than XZEG.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 | XZEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.42% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.94% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.62% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 5.79% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 5.79% | +0.13% |
XBAG.DE vs. XZEG.DE - Expense Ratio Comparison
XBAG.DE has a 0.10% expense ratio, which is lower than XZEG.DE's 0.25% 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. XZEG.DE - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, more than XZEG.DE's 2.53% yield.
| 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% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBAG.DE and XZEG.DE have a correlation of 0.43, 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 0.25% for XZEG.DE.
XBAG.DE tracks Bloomberg Global Aggregate TR USD, while XZEG.DE tracks FTSE ESG Select World Government Bond Developed Markets (EUR Hedged). Their fees differ too: 0.10% for XBAG.DE and 0.25% for XZEG.DE.
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