XGLE.DE vs. XDBG.L
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both exchange-traded funds - XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past 10 years, XGLE.DE returned -0.35%/yr vs 7.54%/yr for XDBG.L. At a correlation of -0.03, they often move in opposite directions. XGLE.DE charges 0.09%/yr vs 0.39%/yr for XDBG.L.
Performance
XGLE.DE vs. XDBG.L - Performance Comparison
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Different Trading Currencies
XGLE.DE is traded in EUR, while XDBG.L is traded in GBp. To make them comparable, the XDBG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGLE.DE achieves a 0.07% return, which is significantly lower than XDBG.L's 24.13% return. Over the past 10 years, XGLE.DE has underperformed XDBG.L with an annualized return of -0.35%, while XDBG.L has yielded a comparatively higher 7.54% annualized 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%
XDBG.L
- 1D
- -0.51%
- 1M
- 0.39%
- YTD
- 24.13%
- 6M
- 27.28%
- 1Y
- 41.09%
- 3Y*
- 18.78%
- 5Y*
- 14.23%
- 10Y*
- 7.54%
XGLE.DE vs. XDBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | 0.07% | 0.67% | 1.55% | 6.76% | -18.18% | -3.62% | 4.64% | 6.63% | 0.92% | -0.10% |
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 24.13% | 19.12% | 13.37% | -9.30% | 12.04% | 47.24% | -8.43% | 11.78% | -13.99% | 0.14% |
Correlation
The correlation between XGLE.DE and XDBG.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2011 | -0.03 |
The correlation between XGLE.DE and XDBG.L shifts across timeframes, from -0.11 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGLE.DE vs. XDBG.L — Risk / Return Rank
XGLE.DE
XDBG.L
XGLE.DE vs. XDBG.L - 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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L). 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 | XDBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.05 | -4.07 |
| Martin ratioReturn relative to average drawdown | -0.05 | 10.36 | -10.41 |
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 | XDBG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.22 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.69 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.41 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.07 | +0.40 |
Drawdowns
XGLE.DE vs. XDBG.L - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, smaller than the maximum XDBG.L drawdown of -66.79%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and XDBG.L.
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Drawdown Indicators
| XGLE.DE | XDBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -66.79% | +44.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -10.09% | +6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -14.82% | +10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -29.59% | +7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -42.51% | +19.92% |
Current DrawdownCurrent decline from peak | -14.18% | -2.66% | -11.52% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -32.66% | +27.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 3.95% | -2.57% |
Volatility
XGLE.DE vs. XDBG.L - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) is 1.78%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a volatility of 4.72%. This indicates that XGLE.DE experiences smaller price fluctuations and is considered to be less risky than XDBG.L 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 | XDBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 4.72% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 15.75% | -12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 18.45% | -14.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 20.47% | -14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 18.21% | -12.60% |
XGLE.DE vs. XDBG.L - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than XDBG.L's 0.39% expense ratio.
Dividends
XGLE.DE vs. XDBG.L - Dividend Comparison
Neither XGLE.DE nor XDBG.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.DE and XDBG.L have a correlation of -0.11, 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 0.39% for XDBG.L.
XGLE.DE is categorized as European Government Bonds, while XDBG.L is Commodities. XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Their fees differ too: 0.09% for XGLE.DE and 0.39% for XDBG.L.
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