XGEZ.DE vs. XDWD.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and XDWD.DE (Xtrackers MSCI World 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 XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.19%/yr vs 17.56%/yr for XDWD.DE. At a 0.13 correlation, their price movements are largely independent. XGEZ.DE charges 0.18%/yr vs 0.19%/yr for XDWD.DE.
Performance
XGEZ.DE vs. XDWD.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 lower than XDWD.DE's 10.91% return.
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 3.63%
- YTD
- 10.91%
- 6M
- 10.96%
- 1Y
- 23.80%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XGEZ.DE vs. XDWD.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% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -2.15% |
Correlation
The correlation between XGEZ.DE and XDWD.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.13 |
The correlation between XGEZ.DE and XDWD.DE shifts across timeframes, from 0.13 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGEZ.DE vs. XDWD.DE — Risk / Return Rank
XGEZ.DE
XDWD.DE
XGEZ.DE vs. XDWD.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 MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.40 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 3.63 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.72 | 14.44 | -15.16 |
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 | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.14 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.78 | -0.62 |
Drawdowns
XGEZ.DE vs. XDWD.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and XDWD.DE.
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Drawdown Indicators
| XGEZ.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -33.55% | +19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -6.54% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -21.64% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -5.48% | -0.33% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.55% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.65% | +0.55% |
Volatility
XGEZ.DE vs. XDWD.DE - Volatility Comparison
Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) have volatilities of 2.47% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 2.60% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 7.77% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 11.12% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 14.13% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 15.16% | -5.24% |
XGEZ.DE vs. XDWD.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is lower than XDWD.DE's 0.19% 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. XDWD.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%, while XDWD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
XGEZ.DE and XDWD.DE have a correlation of 0.33, 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 0.19% for XDWD.DE.
XGEZ.DE is categorized as European Government Bonds, while XDWD.DE is Global Equities. XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XDWD.DE tracks MSCI World. Their fees differ too: 0.18% for XGEZ.DE and 0.19% for XDWD.DE.
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