XGLE.DE vs. XDEQ.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XGLE.DE returned -0.35%/yr vs 12.38%/yr for XDEQ.DE. At a 0.05 correlation, their price movements are largely independent. XGLE.DE charges 0.09%/yr vs 0.25%/yr for XDEQ.DE.
Performance
XGLE.DE vs. XDEQ.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 XDEQ.DE's 9.48% return. Over the past 10 years, XGLE.DE has underperformed XDEQ.DE with an annualized return of -0.35%, while XDEQ.DE has yielded a comparatively higher 12.38% 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%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 4.30%
- YTD
- 9.48%
- 6M
- 10.18%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
XGLE.DE vs. XDEQ.DE - 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% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between XGLE.DE and XDEQ.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 | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.05 |
Over the past year, XGLE.DE and XDEQ.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. XDEQ.DE — Risk / Return Rank
XGLE.DE
XDEQ.DE
XGLE.DE vs. XDEQ.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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.04 | -3.06 |
| Martin ratioReturn relative to average drawdown | -0.05 | 12.17 | -12.22 |
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 | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.78 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.80 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.85 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.80 | -0.33 |
Drawdowns
XGLE.DE vs. XDEQ.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and XDEQ.DE.
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Drawdown Indicators
| XGLE.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -32.16% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -6.22% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -20.59% | +16.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -20.59% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -32.16% | +9.57% |
Current DrawdownCurrent decline from peak | -14.18% | 0.00% | -14.18% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.75% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.56% | -0.18% |
Volatility
XGLE.DE vs. XDEQ.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) is 1.78%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a volatility of 2.36%. This indicates that XGLE.DE experiences smaller price fluctuations and is considered to be less risky than XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.36% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 7.32% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 10.64% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 14.12% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 15.35% | -9.74% |
XGLE.DE vs. XDEQ.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than XDEQ.DE's 0.25% 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. XDEQ.DE - Dividend Comparison
Neither XGLE.DE nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLE.DE and XDEQ.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 0.25% for XDEQ.DE.
XGLE.DE is categorized as European Government Bonds, while XDEQ.DE is Global Equities. XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while XDEQ.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.09% for XGLE.DE and 0.25% for XDEQ.DE.
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