XGLE.L vs. VETA.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from DWS and Vanguard respectively. Both are passively managed. Over the past 5 years, XGLE.L returned -2.30%/yr vs -2.26%/yr for VETA.L. Their correlation of 0.84 suggests significant overlap in exposure. XGLE.L charges 0.15%/yr vs 0.07%/yr for VETA.L.
Performance
XGLE.L vs. VETA.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while VETA.L is traded in GBP. To make them comparable, the VETA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
XGLE.L
- 1D
- -0.44%
- 1M
- 0.30%
- YTD
- -0.00%
- 6M
- -0.24%
- 1Y
- -0.20%
- 3Y*
- 2.18%
- 5Y*
- -2.30%
- 10Y*
- -0.38%
VETA.L
- 1D
- -0.48%
- 1M
- 0.17%
- YTD
- -0.09%
- 6M
- -0.35%
- 1Y
- -0.30%
- 3Y*
- 2.18%
- 5Y*
- -2.26%
- 10Y*
- —
XGLE.L vs. VETA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.00% | 0.57% | 1.68% | 6.80% | -18.23% | -3.63% | 4.76% | 5.88% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.15% | 0.27% | 1.75% | 6.98% | -18.05% | -3.90% | 4.64% | 6.73% |
Correlation
The correlation between XGLE.L and VETA.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.84 |
The correlation between XGLE.L and VETA.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
XGLE.L vs. VETA.L — Risk / Return Rank
XGLE.L
VETA.L
XGLE.L vs. VETA.L - 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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.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.L | VETA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.08 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.15 | -0.21 | +0.06 |
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 | VETA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.07 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.32 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.08 | +0.49 |
Drawdowns
XGLE.L vs. VETA.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, roughly equal to the maximum VETA.L drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for XGLE.L and VETA.L.
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Drawdown Indicators
| XGLE.L | VETA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -22.88% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.72% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -4.30% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.72% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | — | — |
Current DrawdownCurrent decline from peak | -14.25% | -14.41% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -10.66% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.43% | -0.06% |
Volatility
XGLE.L vs. VETA.L - Volatility Comparison
Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) have volatilities of 1.72% and 1.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.L | VETA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.76% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 3.64% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.48% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 7.03% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 7.00% | -1.66% |
XGLE.L vs. VETA.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is higher than VETA.L's 0.07% expense ratio. However, 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.L vs. VETA.L - Dividend Comparison
Neither XGLE.L nor VETA.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.L and VETA.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for XGLE.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.15% for XGLE.L and 0.07% for VETA.L.
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