XGBE.DE vs. UEF7.DE

Last updated Jul 18, 2026

XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and UEF7.DE (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while UEF7.DE tracks the Bloomberg US Liquid Corporates 1-5. Both are passively managed. Over the past 5 years, XGBE.DE returned -1.12%/yr vs 2.83%/yr for UEF7.DE. At a 0.08 correlation, their price movements are largely independent. XGBE.DE charges 0.25%/yr vs 0.16%/yr for UEF7.DE.

Performance

XGBE.DE vs. UEF7.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 UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.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 0.32% return, which is significantly lower than UEF7.DE's 3.58% return.

XGBE.DE

• 1D: -0.07%
• 1M: -0.50%
• 6M: 0.04%
• YTD: 0.32%
• 1Y: 1.16%
• 3Y*: 3.78%
• 5Y*: -1.12%
• 10Y*: —

UEF7.DE

• 1D: 0.41%
• 1M: 1.51%
• 6M: 2.21%
• YTD: 3.58%
• 1Y: 5.22%
• 3Y*: 4.68%
• 5Y*: 2.83%
• 10Y*: 2.08%

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

XGBE.DE vs. UEF7.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)	0.32%	2.73%	3.40%	7.52%	-16.38%	-0.21%
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis	3.58%	-4.77%	10.52%	2.48%	-0.56%	4.73%

Correlation

The correlation between XGBE.DE and UEF7.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.08

The correlation between XGBE.DE and UEF7.DE shifts across timeframes, from -0.05 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XGBE.DE vs. UEF7.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: 16
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: 18

UEF7.DE

UEF7.DE Risk / Return Rank: 36
UEF7.DE Sharpe Ratio Rank: 34
UEF7.DE Sortino Ratio Rank: 33
UEF7.DE Omega Ratio Rank: 32
UEF7.DE Calmar Ratio Rank: 41
UEF7.DE Martin Ratio Rank: 38

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. UEF7.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 UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.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	UEF7.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.35	0.97	-0.62
Sortino ratio: Return per unit of downside risk	0.54	1.41	-0.87
Omega ratio: Gain probability vs. loss probability	1.07	1.17	-0.11
Calmar ratio: Return relative to maximum drawdown	0.44	1.67	-1.22
Martin ratio: Return relative to average drawdown	1.36	4.56	-3.20

XGBE.DE vs. UEF7.DE - Sharpe Ratio Comparison

The current XGBE.DE Sharpe Ratio is 0.35, which is lower than the UEF7.DE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of XGBE.DE and UEF7.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. UEF7.DE - Drawdown Comparison

The maximum XGBE.DE drawdown since its inception was -20.20%, roughly equal to the maximum UEF7.DE drawdown of -19.46%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and UEF7.DE.

Drawdown Indicators

	XGBE.DE	UEF7.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.20%	-19.46%	-0.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	-3.12%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-2.62%	-9.64%	+7.02%
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	-10.71%	-9.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.40%	—
Current Drawdown Current decline from peak	-6.22%	-3.49%	-2.73%
Average Drawdown Average peak-to-trough decline	-10.28%	-5.55%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	1.14%	-0.29%

Volatility

XGBE.DE vs. UEF7.DE - Volatility Comparison

The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.81%, while UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.DE) has a volatility of 1.33%. This indicates that XGBE.DE experiences smaller price fluctuations and is considered to be less risky than UEF7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGBE.DE	UEF7.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	1.33%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	3.92%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	5.43%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	6.97%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.02%	6.89%	-1.87%

XGBE.DE vs. UEF7.DE - Expense Ratio Comparison

XGBE.DE has a 0.25% expense ratio, which is higher than UEF7.DE's 0.16% 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. UEF7.DE - Dividend Comparison

XGBE.DE has not paid dividends to shareholders, while UEF7.DE's dividend yield for the trailing twelve months is around 4.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis	4.56%	5.78%	4.66%	3.27%	1.45%	1.52%	2.84%	2.76%	2.24%	2.19%	1.99%	0.87%
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGBE.DE and UEF7.DE in my portfolio?

XGBE.DE and UEF7.DE have a correlation of -0.05, 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 UEF7.DE?

On fees, UEF7.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XGBE.DE or UEF7.DE?

UEF7.DE is cheaper with a 0.16% expense ratio, compared with 0.25% for XGBE.DE.

What is the main difference between XGBE.DE and UEF7.DE?

XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while UEF7.DE tracks Bloomberg US Liquid Corporates 1-5. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.25% for XGBE.DE and 0.16% for UEF7.DE.