XDEB.DE vs. XZWG.DE
XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) and XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both exchange-traded funds - XDEB.DE is a Global Equities fund tracking the MSCI ACWI NR USD, while XZWG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg EUR. Both are passively managed. Over the past 3 years, XDEB.DE returned 6.45%/yr vs -0.15%/yr for XZWG.DE. At a 0.27 correlation, their price movements are largely independent. XDEB.DE charges 0.25%/yr vs 0.20%/yr for XZWG.DE.
Performance
XDEB.DE vs. XZWG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEB.DE achieves a 1.74% return, which is significantly higher than XZWG.DE's 0.27% return.
XDEB.DE
- 1D
- -0.04%
- 1M
- 1.84%
- YTD
- 1.74%
- 6M
- 1.64%
- 1Y
- 0.46%
- 3Y*
- 6.45%
- 5Y*
- 6.21%
- 10Y*
- 6.88%
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- -0.20%
- 1Y
- -1.37%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
XDEB.DE vs. XZWG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 1.74% | -1.27% | 17.83% | 3.66% | -4.06% | 2.51% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -16.73% | -1.34% |
Correlation
The correlation between XDEB.DE and XZWG.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.27 |
The correlation between XDEB.DE and XZWG.DE shifts across timeframes, from 0.27 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDEB.DE vs. XZWG.DE — Risk / Return Rank
XDEB.DE
XZWG.DE
XDEB.DE vs. XZWG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) and Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.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.
| XDEB.DE | XZWG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.95 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.51 | +0.50 |
| Martin ratioReturn relative to average drawdown | -0.03 | -0.97 | +0.94 |
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
| XDEB.DE | XZWG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.35 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.64 | +1.33 |
Drawdowns
XDEB.DE vs. XZWG.DE - Drawdown Comparison
The maximum XDEB.DE drawdown since its inception was -28.57%, which is greater than XZWG.DE's maximum drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for XDEB.DE and XZWG.DE.
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Drawdown Indicators
| XDEB.DE | XZWG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -20.85% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.31% | -2.66% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -7.10% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | — | — |
Current DrawdownCurrent decline from peak | -6.53% | -17.96% | +11.43% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -15.29% | +10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.41% | +0.96% |
Volatility
XDEB.DE vs. XZWG.DE - Volatility Comparison
Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) has a higher volatility of 2.63% compared to Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) at 1.43%. This indicates that XDEB.DE's price experiences larger fluctuations and is considered to be riskier than XZWG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEB.DE | XZWG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 1.43% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 2.90% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 3.87% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 6.68% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.03% | 6.68% | +5.35% |
XDEB.DE vs. XZWG.DE - Expense Ratio Comparison
XDEB.DE has a 0.25% expense ratio, which is higher than XZWG.DE's 0.20% 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
XDEB.DE vs. XZWG.DE - Dividend Comparison
XDEB.DE has not paid dividends to shareholders, while XZWG.DE's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% |
Frequently Asked Questions
XDEB.DE and XZWG.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZWG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZWG.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEB.DE.
XDEB.DE is categorized as Global Equities, while XZWG.DE is Global Bonds. XDEB.DE tracks MSCI ACWI NR USD, while XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR. Their fees differ too: 0.25% for XDEB.DE and 0.20% for XZWG.DE.
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