XGVC.DE vs. VAGF.DE
XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets while VAGF.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 3 years, XGVC.DE returned -0.19%/yr vs 2.04%/yr for VAGF.DE. A 0.73 correlation means they provide meaningful diversification when combined. XGVC.DE charges 0.20%/yr vs 0.10%/yr for VAGF.DE.
Performance
XGVC.DE vs. VAGF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVC.DE achieves a 0.30% return, which is significantly higher than VAGF.DE's -0.68% return.
XGVC.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.30%
- 6M
- -0.16%
- 1Y
- -1.01%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
XGVC.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.30% | -4.28% | 1.61% | 2.49% | -5.86% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -3.21% |
Correlation
The correlation between XGVC.DE and VAGF.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.73 |
The correlation between XGVC.DE and VAGF.DE shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGVC.DE vs. VAGF.DE — Risk / Return Rank
XGVC.DE
VAGF.DE
XGVC.DE vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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.
| XGVC.DE | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.06 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.38 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.95 | 1.06 | -2.01 |
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
| XGVC.DE | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 0.33 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.17 | -0.07 |
Drawdowns
XGVC.DE vs. VAGF.DE - Drawdown Comparison
The maximum XGVC.DE drawdown since its inception was -15.47%, smaller than the maximum VAGF.DE drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for XGVC.DE and VAGF.DE.
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Drawdown Indicators
| XGVC.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.47% | -19.57% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.11% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -4.45% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.79% | — |
Current DrawdownCurrent decline from peak | -12.39% | -10.73% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -8.99% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.13% | +0.29% |
Volatility
XGVC.DE vs. VAGF.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) have volatilities of 1.54% and 1.55%, 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
| XGVC.DE | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.55% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.98% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.63% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 4.90% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 4.71% | +1.51% |
XGVC.DE vs. VAGF.DE - Expense Ratio Comparison
XGVC.DE has a 0.20% expense ratio, which is higher than VAGF.DE's 0.10% 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
XGVC.DE vs. VAGF.DE - Dividend Comparison
Neither XGVC.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
XGVC.DE and VAGF.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XGVC.DE.
XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.20% for XGVC.DE and 0.10% for VAGF.DE.
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