XGLE.DE vs. EIB3.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - XGLE.DE tracks the iBoxx® EUR Sovereigns Eurozone while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, XGLE.DE returned -2.30%/yr vs 0.63%/yr for EIB3.DE. A 0.77 correlation means they provide meaningful diversification when combined. XGLE.DE charges 0.09%/yr vs 0.10%/yr for EIB3.DE.
Performance
XGLE.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLE.DE achieves a 0.07% return, which is significantly lower than EIB3.DE's 0.19% return.
XGLE.DE
- 1D
- 0.04%
- 1M
- 0.56%
- YTD
- 0.07%
- 6M
- 0.02%
- 1Y
- -0.07%
- 3Y*
- 2.36%
- 5Y*
- -2.30%
- 10Y*
- -0.35%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.27%
- YTD
- 0.19%
- 6M
- 0.55%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
XGLE.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | 0.07% | 0.67% | 1.55% | 6.76% | -18.18% | -3.62% | 4.64% | -3.20% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between XGLE.DE and EIB3.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.77 |
Over the past year, the correlation between XGLE.DE and EIB3.DE has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
XGLE.DE vs. EIB3.DE — Risk / Return Rank
XGLE.DE
EIB3.DE
XGLE.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| XGLE.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.50 | -0.52 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.50 | -1.55 |
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
| XGLE.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.26 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.30 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.17 | +0.30 |
Drawdowns
XGLE.DE vs. EIB3.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and EIB3.DE.
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Drawdown Indicators
| XGLE.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -6.78% | -15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -1.60% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -1.60% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -5.91% | -15.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -14.18% | -0.68% | -13.50% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -2.06% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.54% | +0.84% |
Volatility
XGLE.DE vs. EIB3.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) has a higher volatility of 1.78% compared to Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that XGLE.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.50% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 2.75% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.11% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 2.11% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 1.89% | +3.72% |
XGLE.DE vs. EIB3.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than EIB3.DE's 0.10% 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
XGLE.DE vs. EIB3.DE - Dividend Comparison
XGLE.DE has not paid dividends to shareholders, while EIB3.DE's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLE.DE and EIB3.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for EIB3.DE.
XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.09% for XGLE.DE and 0.10% for EIB3.DE.
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