XBAT.DE vs. VGEA.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, XBAT.DE returned -2.38%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.85 suggests significant overlap in exposure. XBAT.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
XBAT.DE vs. VGEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than VGEA.DE's 0.11% return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
XBAT.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.05% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between XBAT.DE and VGEA.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.85 |
The correlation between XBAT.DE and VGEA.DE has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XBAT.DE vs. VGEA.DE — Risk / Return Rank
XBAT.DE
VGEA.DE
XBAT.DE vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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.
| XBAT.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.01 | +0.36 |
| Martin ratioReturn relative to average drawdown | 1.05 | -0.04 | +1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XBAT.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -0.01 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.35 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.10 | +0.28 |
Drawdowns
XBAT.DE vs. VGEA.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than VGEA.DE's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and VGEA.DE.
Loading charts...
Drawdown Indicators
| XBAT.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -22.34% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.44% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -4.00% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -21.47% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -13.91% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -10.30% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.33% | -0.66% |
Volatility
XBAT.DE vs. VGEA.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XBAT.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.67% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 3.62% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 4.33% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.39% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 5.86% | -0.47% |
XBAT.DE vs. VGEA.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBAT.DE vs. VGEA.DE - Dividend Comparison
Neither XBAT.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAT.DE and VGEA.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XBAT.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XBAT.DE and 0.07% for VGEA.DE.
Find the right allocation for XBAT.DE and VGEA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer