XBAT.DE vs. XGEZ.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds from Xtrackers - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, XBAT.DE returned 2.22%/yr vs 1.19%/yr for XGEZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. XBAT.DE charges 0.15%/yr vs 0.18%/yr for XGEZ.DE.
Performance
XBAT.DE vs. XGEZ.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 XGEZ.DE's 0.02% 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%
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XBAT.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | 0.79% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
Correlation
The correlation between XBAT.DE and XGEZ.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.92 |
The correlation between XBAT.DE and XGEZ.DE has been stable across timeframes, ranging from 0.82 to 0.92 - 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. XGEZ.DE — Risk / Return Rank
XBAT.DE
XGEZ.DE
XBAT.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.96 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.34 | +0.68 |
| Martin ratioReturn relative to average drawdown | 1.05 | -0.72 | +1.77 |
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 | XGEZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -0.25 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | — | — |
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 | 0.17 | +0.01 |
Drawdowns
XBAT.DE vs. XGEZ.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and XGEZ.DE.
Loading charts...
Drawdown Indicators
| XBAT.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -13.63% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -4.70% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -7.89% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -5.48% | -11.01% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -5.39% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.20% | -1.53% |
Volatility
XBAT.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 2.47%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XBAT.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 2.47% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 5.12% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 6.41% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 9.92% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 9.92% | -4.53% |
XBAT.DE vs. XGEZ.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is lower than XGEZ.DE's 0.18% 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
XBAT.DE vs. XGEZ.DE - Dividend Comparison
XBAT.DE has not paid dividends to shareholders, while XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
XBAT.DE and XGEZ.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAT.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for XGEZ.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Their fees differ too: 0.15% for XBAT.DE and 0.18% for XGEZ.DE.
Find the right allocation for XBAT.DE and XGEZ.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