XDAX.L vs. IEF
XDAX.L (Xtrackers DAX UCITS ETF 1C) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, XDAX.L returned 9.31%/yr vs -0.04%/yr for IEF. At a correlation of -0.03, they often move in opposite directions. XDAX.L charges 0.09%/yr vs 0.15%/yr for IEF.
Performance
XDAX.L vs. IEF - Performance Comparison
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Different Trading Currencies
XDAX.L is traded in GBp, while IEF is traded in USD. To make them comparable, the IEF values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDAX.L achieves a 0.31% return, which is significantly higher than IEF's -0.13% return.
XDAX.L
- 1D
- 0.66%
- 1M
- 2.21%
- YTD
- 0.31%
- 6M
- 2.98%
- 1Y
- 5.08%
- 3Y*
- 15.60%
- 5Y*
- 9.31%
- 10Y*
- —
IEF
- 1D
- 0.13%
- 1M
- 0.82%
- YTD
- -0.13%
- 6M
- -1.42%
- 1Y
- 4.44%
- 3Y*
- -0.05%
- 5Y*
- -0.04%
- 10Y*
- 1.42%
XDAX.L vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDAX.L Xtrackers DAX UCITS ETF 1C | 0.31% | 28.81% | 13.14% | 17.20% | -7.58% | 7.86% | 9.38% | 16.48% | -17.14% | 3.27% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.13% | 0.34% | 1.10% | -1.54% | -5.07% | -2.41% | 6.78% | 3.92% | 6.98% | -0.06% |
Correlation
The correlation between XDAX.L and IEF is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | -0.03 |
The correlation between XDAX.L and IEF shifts across timeframes, from -0.07 (5 years) to 0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDAX.L vs. IEF — Risk / Return Rank
XDAX.L
IEF
XDAX.L vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (XDAX.L) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| XDAX.L | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.12 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.73 | -0.33 |
| Martin ratioReturn relative to average drawdown | 1.27 | 1.81 | -0.55 |
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
| XDAX.L | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.67 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.00 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.48 | -0.08 |
Drawdowns
XDAX.L vs. IEF - Drawdown Comparison
The maximum XDAX.L drawdown since its inception was -37.09%, which is greater than IEF's maximum drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for XDAX.L and IEF.
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Drawdown Indicators
| XDAX.L | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.09% | -26.56% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -6.12% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -7.75% | -6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -16.26% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -3.19% | -21.69% | +18.50% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -11.03% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.46% | +1.55% |
Volatility
XDAX.L vs. IEF - Volatility Comparison
Xtrackers DAX UCITS ETF 1C (XDAX.L) has a higher volatility of 4.71% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.45%. This indicates that XDAX.L's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDAX.L | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.45% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 5.14% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 6.69% | +8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 9.69% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 10.74% | +8.02% |
XDAX.L vs. IEF - Expense Ratio Comparison
XDAX.L has a 0.09% expense ratio, which is lower than IEF's 0.15% 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
XDAX.L vs. IEF - Dividend Comparison
XDAX.L has not paid dividends to shareholders, while IEF's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
XDAX.L Xtrackers DAX UCITS ETF 1C | 0.00% | 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
XDAX.L and IEF have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDAX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDAX.L is cheaper with a 0.09% expense ratio, compared with 0.15% for IEF.
XDAX.L is categorized as Europe Equities, while IEF is Government Bonds. XDAX.L tracks FSE DAX TR EUR, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XDAX.L and 0.15% for IEF.
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