XGVC.DE vs. XDEW.DE
XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XGVC.DE is a Global Bonds fund tracking the FTSE ESG Select World Government Bond Developed Markets, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XGVC.DE returned 0.58%/yr vs 12.62%/yr for XDEW.DE. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
XGVC.DE vs. XDEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XGVC.DE achieves a 0.86% return, which is significantly lower than XDEW.DE's 14.50% return.
XGVC.DE
- 1D
- 0.00%
- 1M
- 0.02%
- 6M
- 0.06%
- YTD
- 0.86%
- 1Y
- 1.08%
- 3Y*
- 0.58%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
XGVC.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.86% | -4.28% | 1.61% | 2.49% | -6.10% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | 3.32% |
Correlation
The correlation between XGVC.DE and XDEW.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 | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2022 | 0.20 |
The correlation between XGVC.DE and XDEW.DE shifts across timeframes, from 0.20 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGVC.DE vs. XDEW.DE — Risk / Return Rank
XGVC.DE
XDEW.DE
XGVC.DE vs. XDEW.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 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.
| XGVC.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.91 | -3.51 |
| Martin ratioReturn relative to average drawdown | 0.86 | 12.05 | -11.19 |
Loading charts...
Drawdowns
XGVC.DE vs. XDEW.DE - Drawdown Comparison
The maximum XGVC.DE drawdown since its inception was -15.47%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XGVC.DE and XDEW.DE.
Loading charts...
Drawdown Indicators
| XGVC.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.47% | -38.79% | +23.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -5.06% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -22.70% | +15.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -11.90% | -0.61% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -5.33% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.65% | -0.39% |
Volatility
XGVC.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) is 1.24%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that XGVC.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.
Loading charts...
Volatility by Period
| XGVC.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 2.81% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 6.82% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 10.43% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 14.90% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 16.80% | -10.56% |
XGVC.DE vs. XDEW.DE - Expense Ratio Comparison
Both XGVC.DE and XDEW.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGVC.DE vs. XDEW.DE - Dividend Comparison
Neither XGVC.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XGVC.DE and XDEW.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGVC.DE and XDEW.DE have the same expense ratio: 0.20% per year.
XGVC.DE is categorized as Global Bonds, while XDEW.DE is S&P 500. XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets, while XDEW.DE tracks S&P 500 Equal Weight Index.
Find the right allocation for XGVC.DE and XDEW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer