XBAT.DE vs. XNAS.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XBAT.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone AAA, while XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, XBAT.DE returned -2.38%/yr vs 18.79%/yr for XNAS.DE. At a 0.04 correlation, their price movements are largely independent. XBAT.DE charges 0.15%/yr vs 0.20%/yr for XNAS.DE.
Performance
XBAT.DE vs. XNAS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than XNAS.DE's 20.53% 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%
XNAS.DE
- 1D
- -0.83%
- 1M
- 7.97%
- YTD
- 20.53%
- 6M
- 18.71%
- 1Y
- 37.14%
- 3Y*
- 24.64%
- 5Y*
- 18.79%
- 10Y*
- —
XBAT.DE vs. XNAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.71% |
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 20.53% | 7.11% | 33.75% | 51.36% | -29.99% | 33.56% |
Correlation
The correlation between XBAT.DE and XNAS.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | 0.04 |
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Return for Risk
XBAT.DE vs. XNAS.DE — Risk / Return Rank
XBAT.DE
XNAS.DE
XBAT.DE vs. XNAS.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 Nasdaq 100 UCITS ETF 1C (XNAS.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 | XNAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.42 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.77 | -3.42 |
| Martin ratioReturn relative to average drawdown | 1.05 | 11.16 | -10.11 |
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
| XBAT.DE | XNAS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.40 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.93 | -1.32 |
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 | 0.91 | -0.73 |
Drawdowns
XBAT.DE vs. XNAS.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, smaller than the maximum XNAS.DE drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and XNAS.DE.
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Drawdown Indicators
| XBAT.DE | XNAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -31.25% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -10.00% | +7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -26.72% | +22.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -31.25% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -0.83% | -15.66% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -7.83% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.38% | -2.71% |
Volatility
XBAT.DE vs. XNAS.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) has a volatility of 4.31%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than XNAS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAT.DE | XNAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 4.31% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 10.91% | -8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 15.71% | -13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 19.88% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 19.84% | -14.45% |
XBAT.DE vs. XNAS.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is lower than XNAS.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
XBAT.DE vs. XNAS.DE - Dividend Comparison
Neither XBAT.DE nor XNAS.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAT.DE and XNAS.DE have a correlation of 0.12, 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 0.20% for XNAS.DE.
XBAT.DE is categorized as European Government Bonds, while XNAS.DE is Nasdaq-100. XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while XNAS.DE tracks Nasdaq 100®. Their fees differ too: 0.15% for XBAT.DE and 0.20% for XNAS.DE.
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