XGEZ.DE vs. EXHF.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) are both European Government Bonds funds - XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped while EXHF.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.19%/yr vs 2.53%/yr for EXHF.DE. Their correlation of 0.94 suggests significant overlap in exposure. XGEZ.DE charges 0.18%/yr vs 0.15%/yr for EXHF.DE.
Performance
XGEZ.DE vs. EXHF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 0.02% return, which is significantly higher than EXHF.DE's -0.61% return.
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
EXHF.DE
- 1D
- 0.03%
- 1M
- -0.63%
- YTD
- -0.61%
- 6M
- -0.60%
- 1Y
- 0.03%
- 3Y*
- 2.53%
- 5Y*
- -1.98%
- 10Y*
- -0.22%
XGEZ.DE vs. EXHF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | -0.61% | 1.93% | 1.59% | 7.50% | -0.26% |
Correlation
The correlation between XGEZ.DE and EXHF.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.94 |
The correlation between XGEZ.DE and EXHF.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XGEZ.DE vs. EXHF.DE — Risk / Return Rank
XGEZ.DE
EXHF.DE
XGEZ.DE vs. EXHF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.
| XGEZ.DE | EXHF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.11 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.72 | -0.29 | -0.43 |
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
| XGEZ.DE | EXHF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | -0.09 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.49 | -0.32 |
Drawdowns
XGEZ.DE vs. EXHF.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum EXHF.DE drawdown of -20.75%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and EXHF.DE.
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Drawdown Indicators
| XGEZ.DE | EXHF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -20.75% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -3.59% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -3.59% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -5.48% | -11.58% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.35% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.30% | +0.90% |
Volatility
XGEZ.DE vs. EXHF.DE - Volatility Comparison
Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a higher volatility of 2.47% compared to iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) at 1.96%. This indicates that XGEZ.DE's price experiences larger fluctuations and is considered to be riskier than EXHF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | EXHF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.96% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 3.59% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 4.14% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 6.35% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 5.04% | +4.88% |
XGEZ.DE vs. EXHF.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is higher than EXHF.DE's 0.15% 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
XGEZ.DE vs. EXHF.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%, more than EXHF.DE's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | 1.61% | 1.74% | 1.03% | 0.51% | 0.63% | 0.62% | 0.66% | 0.75% | 0.75% | 1.51% | 1.87% | 2.45% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, XGEZ.DE and EXHF.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EXHF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHF.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for XGEZ.DE.
XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XGEZ.DE and 0.15% for EXHF.DE.
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