XG7S.L vs. EGOG.L

Last updated Jun 5, 2026

XG7S.L (Xtrackers Global Government Bond UCITS ETF 5C) and EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) are both Global Bonds funds - XG7S.L tracks the Bloomberg Global Aggregate TR USD while EGOG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, XG7S.L returned -2.31%/yr vs -0.75%/yr for EGOG.L. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

XG7S.L vs. EGOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XG7S.L achieves a -0.90% return, which is significantly lower than EGOG.L's -0.03% return.

XG7S.L

• 1D: 0.15%
• 1M: 0.81%
• YTD: -0.90%
• 6M: -1.39%
• 1Y: 1.33%
• 3Y*: -0.62%
• 5Y*: -2.31%
• 10Y*: 0.03%

EGOG.L

• 1D: 0.04%
• 1M: 0.37%
• YTD: -0.03%
• 6M: -0.16%
• 1Y: 1.76%
• 3Y*: 2.65%
• 5Y*: -0.75%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XG7S.L vs. EGOG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C	-0.90%	-0.22%	-1.85%	-0.74%	-8.86%	-6.63%	-2.01%
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	-0.03%	3.06%	2.00%	3.46%	-13.02%	-1.80%	-0.02%

Correlation

The correlation between XG7S.L and EGOG.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020	0.18

Over the past year, XG7S.L and EGOG.L have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.

Return for Risk

XG7S.L vs. EGOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XG7S.L

XG7S.L Risk / Return Rank: 11
XG7S.L Sharpe Ratio Rank: 10
XG7S.L Sortino Ratio Rank: 10
XG7S.L Omega Ratio Rank: 15
XG7S.L Calmar Ratio Rank: 10
XG7S.L Martin Ratio Rank: 10

EGOG.L

EGOG.L Risk / Return Rank: 21
EGOG.L Sharpe Ratio Rank: 22
EGOG.L Sortino Ratio Rank: 22
EGOG.L Omega Ratio Rank: 20
EGOG.L Calmar Ratio Rank: 22
EGOG.L Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XG7S.L vs. EGOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L). 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.L	EGOG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.73	-0.66
Sortino ratio: Return per unit of downside risk	0.26	1.10	-0.84
Omega ratio: Gain probability vs. loss probability	1.08	1.12	-0.04
Calmar ratio: Return relative to maximum drawdown	0.10	0.96	-0.86
Martin ratio: Return relative to average drawdown	0.13	2.28	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XG7S.L vs. EGOG.L - Sharpe Ratio Comparison

The current XG7S.L Sharpe Ratio is 0.07, which is lower than the EGOG.L Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of XG7S.L and EGOG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XG7S.L	EGOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.73	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.26	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.48	+0.63

Drawdowns

XG7S.L vs. EGOG.L - Drawdown Comparison

The maximum XG7S.L drawdown since its inception was -25.59%, which is greater than EGOG.L's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for XG7S.L and EGOG.L.

Drawdown Indicators

	XG7S.L	EGOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.59%	-16.69%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-15.40%	-3.05%	-12.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-3.48%	-11.92%
Max Drawdown (5Y) Largest decline over 5 years	-16.70%	-15.73%	-0.97%
Max Drawdown (10Y) Largest decline over 10 years	-25.59%	—	—
Current Drawdown Current decline from peak	-23.76%	-7.30%	-16.46%
Average Drawdown Average peak-to-trough decline	-15.52%	-8.24%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.76%	1.22%	+9.54%

Volatility

XG7S.L vs. EGOG.L - Volatility Comparison

The current volatility for Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) is 1.44%, while UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) has a volatility of 1.57%. This indicates that XG7S.L experiences smaller price fluctuations and is considered to be less risky than EGOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XG7S.L	EGOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	1.57%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	3.54%	2.89%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.76%	4.00%	+16.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	8.63%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	8.62%	+5.97%

XG7S.L vs. EGOG.L - Expense Ratio Comparison

Both XG7S.L and EGOG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XG7S.L vs. EGOG.L - Dividend Comparison

XG7S.L has not paid dividends to shareholders, while EGOG.L's dividend yield for the trailing twelve months is around 2.71%.

Position	TTM	2025	2024	2023	2022	2021
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	2.71%	2.91%	2.30%	1.44%	0.44%	0.17%
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XG7S.L and EGOG.L in my portfolio?

XG7S.L and EGOG.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XG7S.L or EGOG.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XG7S.L or EGOG.L?

XG7S.L and EGOG.L have the same expense ratio: 0.20% per year.

What is the main difference between XG7S.L and EGOG.L?

XG7S.L tracks Bloomberg Global Aggregate TR USD, while EGOG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Xtrackers and UBS.