XG7S.DE vs. XBAE.DE
XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds from Xtrackers - XG7S.DE tracks the Bloomberg Global Aggregate TR USD while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 10 years, XG7S.DE returned -0.93%/yr vs -0.46%/yr for XBAE.DE. At a 0.50 correlation, their price movements are largely independent. XG7S.DE charges 0.20%/yr vs 0.10%/yr for XBAE.DE.
Performance
XG7S.DE vs. XBAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XG7S.DE achieves a 0.23% return, which is significantly higher than XBAE.DE's -0.55% return. Over the past 10 years, XG7S.DE has underperformed XBAE.DE with an annualized return of -0.93%, while XBAE.DE has yielded a comparatively higher -0.46% annualized return.
XG7S.DE
- 1D
- 0.13%
- 1M
- 0.28%
- YTD
- 0.23%
- 6M
- -0.30%
- 1Y
- -0.99%
- 3Y*
- -0.74%
- 5Y*
- -2.42%
- 10Y*
- -0.93%
XBAE.DE
- 1D
- 0.05%
- 1M
- -0.24%
- YTD
- -0.55%
- 6M
- -0.54%
- 1Y
- 1.07%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
XG7S.DE vs. XBAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C | 0.23% | -4.70% | 2.17% | 1.03% | -13.47% | 0.52% | 0.56% | 7.95% | 3.41% | -5.58% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -1.57% | 0.56% |
Correlation
The correlation between XG7S.DE and XBAE.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | 0.50 |
The correlation between XG7S.DE and XBAE.DE shifts across timeframes, from 0.50 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XG7S.DE vs. XBAE.DE — Risk / Return Rank
XG7S.DE
XBAE.DE
XG7S.DE vs. XBAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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.
| XG7S.DE | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.30 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.91 | 0.83 | -1.74 |
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
| XG7S.DE | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 0.27 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.35 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | -0.10 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.08 | +0.08 |
Drawdowns
XG7S.DE vs. XBAE.DE - Drawdown Comparison
The maximum XG7S.DE drawdown since its inception was -21.08%, which is greater than XBAE.DE's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for XG7S.DE and XBAE.DE.
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Drawdown Indicators
| XG7S.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -19.04% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.11% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -4.58% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -18.29% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -19.04% | -2.04% |
Current DrawdownCurrent decline from peak | -19.11% | -10.88% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -5.91% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.11% | +0.34% |
Volatility
XG7S.DE vs. XBAE.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) is 1.23%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) has a volatility of 1.32%. This indicates that XG7S.DE experiences smaller price fluctuations and is considered to be less risky than XBAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XG7S.DE | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.32% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.86% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.46% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 5.00% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 4.63% | +1.22% |
XG7S.DE vs. XBAE.DE - Expense Ratio Comparison
XG7S.DE has a 0.20% expense ratio, which is higher than XBAE.DE's 0.10% 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
XG7S.DE vs. XBAE.DE - Dividend Comparison
Neither XG7S.DE nor XBAE.DE has paid dividends to shareholders.
Frequently Asked Questions
XG7S.DE and XBAE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XG7S.DE.
XG7S.DE tracks Bloomberg Global Aggregate TR USD, while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Their fees differ too: 0.20% for XG7S.DE and 0.10% for XBAE.DE.
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