XGLE.DE vs. XDEW.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XGLE.DE returned -0.56%/yr vs 11.13%/yr for XDEW.DE. At a 0.02 correlation, their price movements are largely independent. XGLE.DE charges 0.09%/yr vs 0.20%/yr for XDEW.DE.
Performance
XGLE.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLE.DE achieves a -0.10% return, which is significantly lower than XDEW.DE's 14.89% return. Over the past 10 years, XGLE.DE has underperformed XDEW.DE with an annualized return of -0.56%, while XDEW.DE has yielded a comparatively higher 11.13% annualized return.
XGLE.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.70%
- YTD
- -0.10%
- 1Y
- 0.48%
- 3Y*
- 2.35%
- 5Y*
- -2.60%
- 10Y*
- -0.56%
XDEW.DE
- 1D
- 0.65%
- 1M
- 2.83%
- 6M
- 10.05%
- YTD
- 14.89%
- 1Y
- 23.44%
- 3Y*
- 13.01%
- 5Y*
- 9.59%
- 10Y*
- 11.13%
XGLE.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.10% | 0.67% | 1.55% | 6.76% | -18.42% | -3.34% | 4.64% | 6.63% | 0.92% | -0.10% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.89% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XGLE.DE and XDEW.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.02 |
Over the past year, XGLE.DE and XDEW.DE have become more correlated (0.31) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
XGLE.DE vs. XDEW.DE — Risk / Return Rank
XGLE.DE
XDEW.DE
XGLE.DE vs. XDEW.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 S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XGLE.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.40 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 4.61 | -4.47 |
| Martin ratioReturn relative to average drawdown | 0.33 | 14.21 | -13.88 |
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Drawdowns
XGLE.DE vs. XDEW.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and XDEW.DE.
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Drawdown Indicators
| XGLE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -38.79% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -5.06% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -22.70% | +18.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -22.70% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -38.79% | +16.20% |
Current DrawdownCurrent decline from peak | -14.33% | -0.27% | -14.06% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -5.33% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.64% | -0.18% |
Volatility
XGLE.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) is 1.17%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.78%. This indicates that XGLE.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.78% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 6.93% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 10.66% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 14.91% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 16.80% | -11.18% |
XGLE.DE vs. XDEW.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than XDEW.DE's 0.20% 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. XDEW.DE - Dividend Comparison
Neither XGLE.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLE.DE and XDEW.DE have a correlation of 0.31, 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 0.20% for XDEW.DE.
XGLE.DE is categorized as European Government Bonds, while XDEW.DE is S&P 500. XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.09% for XGLE.DE and 0.20% for XDEW.DE.
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