XDBG.L vs. XGLE.DE
XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) are both exchange-traded funds - XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone. Both are passively managed. Over the past 10 years, XDBG.L returned 8.57%/yr vs 0.62%/yr for XGLE.DE. At a correlation of -0.07, they often move in opposite directions. XDBG.L charges 0.39%/yr vs 0.09%/yr for XGLE.DE.
Performance
XDBG.L vs. XGLE.DE - Performance Comparison
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Different Trading Currencies
XDBG.L is traded in GBp, while XGLE.DE is traded in EUR. To make them comparable, the XGLE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDBG.L achieves a 23.03% return, which is significantly higher than XGLE.DE's -0.71% return. Over the past 10 years, XDBG.L has outperformed XGLE.DE with an annualized return of 8.57%, while XGLE.DE has yielded a comparatively lower 0.62% annualized return.
XDBG.L
- 1D
- -0.42%
- 1M
- 0.58%
- YTD
- 23.03%
- 6M
- 26.01%
- 1Y
- 44.88%
- 3Y*
- 18.96%
- 5Y*
- 14.38%
- 10Y*
- 8.57%
XGLE.DE
- 1D
- 0.16%
- 1M
- 0.07%
- YTD
- -0.71%
- 6M
- -0.80%
- 1Y
- 2.97%
- 3Y*
- 2.51%
- 5Y*
- -2.16%
- 10Y*
- 0.62%
XDBG.L vs. XGLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 23.03% | 25.68% | 8.15% | -11.18% | 18.13% | 38.25% | -3.17% | 5.10% | -12.92% | 4.24% |
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.71% | 5.91% | -2.88% | 4.63% | -13.70% | -10.42% | 10.55% | 1.08% | 2.34% | 4.17% |
Correlation
The correlation between XDBG.L and XGLE.DE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2011 | -0.07 |
The correlation between XDBG.L and XGLE.DE shifts across timeframes, from -0.18 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDBG.L vs. XGLE.DE — Risk / Return Rank
XDBG.L
XGLE.DE
XDBG.L vs. XGLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.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.
| XDBG.L | XGLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.08 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 0.58 | +4.20 |
| Martin ratioReturn relative to average drawdown | 13.39 | 1.28 | +12.10 |
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
| XDBG.L | XGLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 0.47 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.29 | +1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.07 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.41 | -0.33 |
Drawdowns
XDBG.L vs. XGLE.DE - Drawdown Comparison
The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than XGLE.DE's maximum drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for XDBG.L and XGLE.DE.
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Drawdown Indicators
| XDBG.L | XGLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.69% | -26.75% | -37.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -4.56% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -6.16% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -21.00% | -7.67% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -26.75% | -10.31% |
Current DrawdownCurrent decline from peak | -2.78% | -18.88% | +16.10% |
Average DrawdownAverage peak-to-trough decline | -35.22% | -8.75% | -26.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.05% | +1.29% |
Volatility
XDBG.L vs. XGLE.DE - Volatility Comparison
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a higher volatility of 4.24% compared to Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) at 1.93%. This indicates that XDBG.L's price experiences larger fluctuations and is considered to be riskier than XGLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDBG.L | XGLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 1.93% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 4.38% | +10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 5.63% | +12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 7.42% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 8.62% | +7.39% |
XDBG.L vs. XGLE.DE - Expense Ratio Comparison
XDBG.L has a 0.39% expense ratio, which is higher than XGLE.DE's 0.09% expense ratio.
Dividends
XDBG.L vs. XGLE.DE - Dividend Comparison
Neither XDBG.L nor XGLE.DE has paid dividends to shareholders.
Frequently Asked Questions
XDBG.L and XGLE.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.DE is cheaper with a 0.09% expense ratio, compared with 0.39% for XDBG.L.
XDBG.L is categorized as Commodities, while XGLE.DE is European Government Bonds. XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone. Their fees differ too: 0.39% for XDBG.L and 0.09% for XGLE.DE.
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