XGLE.L vs. DBJP
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both exchange-traded funds - XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 10 years, XGLE.L returned -0.35%/yr vs 15.70%/yr for DBJP. At a correlation of -0.05, they often move in opposite directions. XGLE.L charges 0.15%/yr vs 0.45%/yr for DBJP.
Performance
XGLE.L vs. DBJP - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while DBJP is traded in USD. To make them comparable, the DBJP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGLE.L achieves a 0.07% return, which is significantly lower than DBJP's 18.96% return. Over the past 10 years, XGLE.L has underperformed DBJP with an annualized return of -0.35%, while DBJP has yielded a comparatively higher 15.70% annualized return.
XGLE.L
- 1D
- 0.07%
- 1M
- -0.03%
- YTD
- 0.07%
- 6M
- 0.14%
- 1Y
- 0.33%
- 3Y*
- 2.35%
- 5Y*
- -2.29%
- 10Y*
- -0.35%
DBJP
- 1D
- -2.72%
- 1M
- 3.64%
- YTD
- 18.96%
- 6M
- 19.61%
- 1Y
- 48.58%
- 3Y*
- 23.87%
- 5Y*
- 21.98%
- 10Y*
- 15.70%
XGLE.L vs. DBJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.07% | 0.57% | 1.68% | 6.80% | -18.23% | -3.63% | 4.76% | 6.62% | 0.78% | -0.04% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 18.96% | 14.14% | 33.82% | 32.12% | 1.75% | 21.50% | 1.42% | 23.60% | -10.82% | 6.34% |
Correlation
The correlation between XGLE.L and DBJP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2011 | -0.05 |
The correlation between XGLE.L and DBJP shifts across timeframes, from -0.06 (10 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGLE.L vs. DBJP — Risk / Return Rank
XGLE.L
DBJP
XGLE.L vs. DBJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.L | DBJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 5.73 | -5.74 |
| Martin ratioReturn relative to average drawdown | -0.04 | 21.50 | -21.54 |
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.L | DBJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.54 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 1.11 | -1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.76 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.69 | -0.28 |
Drawdowns
XGLE.L vs. DBJP - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum DBJP drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for XGLE.L and DBJP.
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Drawdown Indicators
| XGLE.L | DBJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -32.54% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -8.53% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -22.38% | +18.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -22.38% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -32.54% | +9.98% |
Current DrawdownCurrent decline from peak | -14.20% | -2.72% | -11.48% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -7.21% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.27% | -0.89% |
Volatility
XGLE.L vs. DBJP - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.70%, while Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a volatility of 4.11%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.L | DBJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 4.11% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.52% | 13.79% | -10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 19.23% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 19.93% | -13.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 20.85% | -15.51% |
XGLE.L vs. DBJP - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is lower than DBJP's 0.45% expense ratio.
Dividends
XGLE.L vs. DBJP - Dividend Comparison
XGLE.L has not paid dividends to shareholders, while DBJP's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 2.41% | 2.81% | 2.80% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLE.L and DBJP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.L is cheaper with a 0.15% expense ratio, compared with 0.45% for DBJP.
XGLE.L is categorized as European Government Bonds, while DBJP is Japan Equities. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: DWS and Xtrackers. Their fees differ too: 0.15% for XGLE.L and 0.45% for DBJP.
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