XGBE.DE vs. UCRP.DE

Last updated Jul 16, 2026

XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and UCRP.DE (Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while UCRP.DE tracks the Bloomberg MSCI US Corporate SRI Index. Both are passively managed. Over the past 5 years, XGBE.DE returned -1.09%/yr vs 0.65%/yr for UCRP.DE. At a 0.39 correlation, their price movements are largely independent. XGBE.DE charges 0.25%/yr vs 0.14%/yr for UCRP.DE.

Performance

XGBE.DE vs. UCRP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) and Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGBE.DE achieves a 0.47% return, which is significantly lower than UCRP.DE's 2.67% return.

XGBE.DE

• 1D: 0.00%
• 1M: -0.46%
• 6M: 0.07%
• YTD: 0.47%
• 1Y: 1.45%
• 3Y*: 4.05%
• 5Y*: -1.09%
• 10Y*: —

UCRP.DE

• 1D: 0.24%
• 1M: 0.57%
• 6M: 1.53%
• YTD: 2.67%
• 1Y: 5.86%
• 3Y*: 4.05%
• 5Y*: 0.65%
• 10Y*: —

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

XGBE.DE vs. UCRP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)	0.47%	2.73%	3.40%	7.52%	-16.38%	-0.21%
UCRP.DE Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)	2.67%	-4.44%	7.79%	4.77%	-9.83%	5.57%

Correlation

The correlation between XGBE.DE and UCRP.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.39

Over the past year, the correlation between XGBE.DE and UCRP.DE has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

XGBE.DE vs. UCRP.DE — Risk / Return Rank

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

XGBE.DE

XGBE.DE Risk / Return Rank: 17
XGBE.DE Sharpe Ratio Rank: 17
XGBE.DE Sortino Ratio Rank: 15
XGBE.DE Omega Ratio Rank: 15
XGBE.DE Calmar Ratio Rank: 17
XGBE.DE Martin Ratio Rank: 19

UCRP.DE

UCRP.DE Risk / Return Rank: 35
UCRP.DE Sharpe Ratio Rank: 33
UCRP.DE Sortino Ratio Rank: 33
UCRP.DE Omega Ratio Rank: 31
UCRP.DE Calmar Ratio Rank: 41
UCRP.DE Martin Ratio Rank: 37

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.

XGBE.DE vs. UCRP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) and Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XGBE.DE	UCRP.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.02	-0.58
Sortino ratio: Return per unit of downside risk	0.67	1.56	-0.89
Omega ratio: Gain probability vs. loss probability	1.08	1.18	-0.10
Calmar ratio: Return relative to maximum drawdown	0.55	1.77	-1.22
Martin ratio: Return relative to average drawdown	1.71	4.87	-3.17

XGBE.DE vs. UCRP.DE - Sharpe Ratio Comparison

The current XGBE.DE Sharpe Ratio is 0.44, which is lower than the UCRP.DE Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of XGBE.DE and UCRP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XGBE.DE vs. UCRP.DE - Drawdown Comparison

The maximum XGBE.DE drawdown since its inception was -20.20%, which is greater than UCRP.DE's maximum drawdown of -14.40%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and UCRP.DE.

Drawdown Indicators

	XGBE.DE	UCRP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.20%	-14.40%	-5.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	-3.29%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-2.62%	-11.27%	+8.65%
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	-12.94%	-7.26%
Current Drawdown Current decline from peak	-6.08%	-4.50%	-1.58%
Average Drawdown Average peak-to-trough decline	-10.28%	-5.31%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	1.20%	-0.35%

Volatility

XGBE.DE vs. UCRP.DE - Volatility Comparison

The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.82%, while Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) has a volatility of 1.75%. This indicates that XGBE.DE experiences smaller price fluctuations and is considered to be less risky than UCRP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGBE.DE	UCRP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	1.75%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	3.90%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	5.72%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	8.35%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	9.06%	-4.03%

XGBE.DE vs. UCRP.DE - Expense Ratio Comparison

XGBE.DE has a 0.25% expense ratio, which is higher than UCRP.DE's 0.14% 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

XGBE.DE vs. UCRP.DE - Dividend Comparison

Neither XGBE.DE nor UCRP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XGBE.DE and UCRP.DE in my portfolio?

XGBE.DE and UCRP.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGBE.DE or UCRP.DE?

On fees, UCRP.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XGBE.DE or UCRP.DE?

UCRP.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for XGBE.DE.

What is the main difference between XGBE.DE and UCRP.DE?

XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while UCRP.DE tracks Bloomberg MSCI US Corporate SRI Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XGBE.DE and 0.14% for UCRP.DE.