XGEZ.DE vs. XESC.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and XESC.DE (Xtrackers EURO STOXX 50 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 XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.15%/yr vs 16.40%/yr for XESC.DE. At a 0.17 correlation, their price movements are largely independent. XGEZ.DE charges 0.18%/yr vs 0.09%/yr for XESC.DE.
Performance
XGEZ.DE vs. XESC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 1.60% return, which is significantly lower than XESC.DE's 9.31% return.
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
XESC.DE
- 1D
- 0.00%
- 1M
- 2.56%
- YTD
- 9.31%
- 6M
- 10.20%
- 1Y
- 21.31%
- 3Y*
- 16.40%
- 5Y*
- 11.78%
- 10Y*
- 11.87%
XGEZ.DE vs. XESC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 9.31% | 22.24% | 11.06% | 22.50% | 10.30% |
Correlation
The correlation between XGEZ.DE and XESC.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
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 | 0.17 |
Over the past year, XGEZ.DE and XESC.DE have become more correlated (0.41) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
XGEZ.DE vs. XESC.DE — Risk / Return Rank
XGEZ.DE
XESC.DE
XGEZ.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.96 | -1.90 |
| Martin ratioReturn relative to average drawdown | 0.12 | 6.81 | -6.69 |
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Drawdowns
XGEZ.DE vs. XESC.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum XESC.DE drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and XESC.DE.
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Drawdown Indicators
| XGEZ.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -46.74% | +33.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -10.88% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -16.53% | +8.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.51% | — |
Current DrawdownCurrent decline from peak | -3.99% | -1.71% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -9.06% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 3.13% | -1.02% |
Volatility
XGEZ.DE vs. XESC.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) is 1.75%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 3.52%. This indicates that XGEZ.DE experiences smaller price fluctuations and is considered to be less risky than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 3.52% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 13.23% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 16.03% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 17.56% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 17.98% | -8.06% |
XGEZ.DE vs. XESC.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is higher than XESC.DE's 0.09% 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. XESC.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.06%, while XESC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% |
Frequently Asked Questions
XGEZ.DE and XESC.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for XGEZ.DE.
XGEZ.DE is categorized as European Government Bonds, while XESC.DE is Europe Equities. XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.18% for XGEZ.DE and 0.09% for XESC.DE.
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