XGLE.DE vs. VGEA.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - XGLE.DE tracks the iBoxx® EUR Sovereigns Eurozone while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, XGLE.DE returned -2.30%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.91 suggests significant overlap in exposure. XGLE.DE charges 0.09%/yr vs 0.07%/yr for VGEA.DE.
Performance
XGLE.DE vs. VGEA.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 VGEA.DE's 0.11% 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%
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
XGLE.DE vs. VGEA.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% | 5.76% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between XGLE.DE and VGEA.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.91 |
The correlation between XGLE.DE and VGEA.DE has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
XGLE.DE vs. VGEA.DE — Risk / Return Rank
XGLE.DE
VGEA.DE
XGLE.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.01 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.05 | -0.04 | -0.01 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.01 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.35 | -0.01 |
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 | -0.10 | +0.57 |
Drawdowns
XGLE.DE vs. VGEA.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, roughly equal to the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and VGEA.DE.
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Drawdown Indicators
| XGLE.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -22.34% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -3.44% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -4.00% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -21.47% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -14.18% | -13.91% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -10.30% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
XGLE.DE vs. VGEA.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) has a higher volatility of 1.78% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that XGLE.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.67% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 3.62% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.33% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 6.39% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 5.86% | -0.25% |
XGLE.DE vs. VGEA.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is higher than VGEA.DE's 0.07% 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
XGLE.DE vs. VGEA.DE - Dividend Comparison
Neither XGLE.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, XGLE.DE and VGEA.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, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for XGLE.DE.
XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.09% for XGLE.DE and 0.07% for VGEA.DE.
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