XGEZ.DE vs. XDEW.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XGEZ.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.00%/yr vs 13.01%/yr for XDEW.DE. At a 0.14 correlation, their price movements are largely independent. XGEZ.DE charges 0.18%/yr vs 0.20%/yr for XDEW.DE.
Performance
XGEZ.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a -0.54% return, which is significantly lower than XDEW.DE's 14.89% return.
XGEZ.DE
- 1D
- 0.00%
- 1M
- -1.47%
- 6M
- -1.42%
- YTD
- -0.54%
- 1Y
- -0.58%
- 3Y*
- 1.00%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- 0.65%
- 1M
- 2.83%
- 6M
- 10.05%
- YTD
- 14.89%
- 1Y
- 23.44%
- 3Y*
- 13.01%
- 5Y*
- 9.59%
- 10Y*
- 11.13%
XGEZ.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | -0.54% | -2.16% | -0.51% | 8.88% | -0.36% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.89% | -0.46% | 18.66% | 10.08% | -1.21% |
Correlation
The correlation between XGEZ.DE and XDEW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.14 |
The correlation between XGEZ.DE and XDEW.DE shifts across timeframes, from 0.14 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGEZ.DE vs. XDEW.DE — Risk / Return Rank
XGEZ.DE
XDEW.DE
XGEZ.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
| XGEZ.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 4.61 | -4.74 |
| Martin ratioReturn relative to average drawdown | -0.27 | 14.21 | -14.48 |
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Drawdowns
XGEZ.DE vs. XDEW.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and XDEW.DE.
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Drawdown Indicators
| XGEZ.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -38.79% | +25.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -5.06% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -22.70% | +14.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -6.01% | -0.27% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -5.33% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.64% | +0.54% |
Volatility
XGEZ.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) is 1.67%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.78%. This indicates that XGEZ.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 2.78% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 6.93% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 10.66% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 14.91% | -5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.87% | 16.80% | -6.93% |
XGEZ.DE vs. XDEW.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is lower than XDEW.DE's 0.20% expense ratio. Despite the difference, 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. XDEW.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.11%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.11% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
XGEZ.DE and XDEW.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGEZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGEZ.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for XDEW.DE.
XGEZ.DE is categorized as European Government Bonds, while XDEW.DE is S&P 500. XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.18% for XGEZ.DE and 0.20% for XDEW.DE.
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