XGLE.DE vs. VWCE.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XGLE.DE returned -2.30%/yr vs 12.28%/yr for VWCE.DE. At a 0.05 correlation, their price movements are largely independent. XGLE.DE charges 0.09%/yr vs 0.19%/yr for VWCE.DE.
Performance
XGLE.DE vs. VWCE.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 VWCE.DE's 12.64% 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%
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
XGLE.DE vs. VWCE.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% | -0.36% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between XGLE.DE and VWCE.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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.05 |
Over the past year, XGLE.DE and VWCE.DE have become more correlated (0.33) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
XGLE.DE vs. VWCE.DE — Risk / Return Rank
XGLE.DE
VWCE.DE
XGLE.DE vs. VWCE.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 FTSE All-World UCITS ETF (VWCE.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 | VWCE.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 | 1.00 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.01 | -4.03 |
| Martin ratioReturn relative to average drawdown | -0.05 | 16.55 | -16.60 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.31 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.88 | -1.24 |
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 | 0.79 | -0.32 |
Drawdowns
XGLE.DE vs. VWCE.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and VWCE.DE.
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Drawdown Indicators
| XGLE.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -33.43% | +10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -6.55% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -21.07% | +17.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -21.07% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -14.18% | -0.66% | -13.52% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.69% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.59% | -0.21% |
Volatility
XGLE.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) is 1.78%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that XGLE.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 3.06% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 8.18% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 11.37% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 13.75% | -7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 16.16% | -10.55% |
XGLE.DE vs. VWCE.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than VWCE.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
XGLE.DE vs. VWCE.DE - Dividend Comparison
Neither XGLE.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLE.DE and VWCE.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, 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 0.19% for VWCE.DE.
XGLE.DE is categorized as European Government Bonds, while VWCE.DE is Global Equities. XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.09% for XGLE.DE and 0.19% for VWCE.DE.
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