XGVD.DE vs. AEGE.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while AEGE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). Both are passively managed. Over the past 3 years, XGVD.DE returned 0.74%/yr vs 2.11%/yr for AEGE.DE. Their correlation of 0.88 suggests significant overlap in exposure. XGVD.DE charges 0.25%/yr vs 0.10%/yr for AEGE.DE.
Performance
XGVD.DE vs. AEGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVD.DE achieves a -0.89% return, which is significantly lower than AEGE.DE's -0.17% return.
XGVD.DE
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- -0.89%
- 6M
- -0.93%
- 1Y
- -0.18%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
AEGE.DE
- 1D
- 0.20%
- 1M
- 0.04%
- YTD
- -0.17%
- 6M
- -0.24%
- 1Y
- 1.07%
- 3Y*
- 2.11%
- 5Y*
- —
- 10Y*
- —
XGVD.DE vs. AEGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -1.58% |
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -0.17% | 2.29% | 1.46% | 4.27% | -13.83% | -1.57% |
Correlation
The correlation between XGVD.DE and AEGE.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.88 |
The correlation between XGVD.DE and AEGE.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
XGVD.DE vs. AEGE.DE — Risk / Return Rank
XGVD.DE
AEGE.DE
XGVD.DE vs. AEGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) and iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.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.
| XGVD.DE | AEGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.38 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.14 | 1.07 | -1.21 |
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
| XGVD.DE | AEGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.30 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.38 | +0.48 |
Drawdowns
XGVD.DE vs. AEGE.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, which is greater than AEGE.DE's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and AEGE.DE.
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Drawdown Indicators
| XGVD.DE | AEGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -17.22% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -2.76% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -3.98% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -15.92% | -8.37% | -7.55% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -10.26% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.99% | +0.31% |
Volatility
XGVD.DE vs. AEGE.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.38%, while iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) has a volatility of 1.77%. This indicates that XGVD.DE experiences smaller price fluctuations and is considered to be less risky than AEGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGVD.DE | AEGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.77% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.00% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 3.52% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.78% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 4.78% | -0.47% |
XGVD.DE vs. AEGE.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than AEGE.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
XGVD.DE vs. AEGE.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, while AEGE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
Frequently Asked Questions
XGVD.DE and AEGE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGVD.DE and 0.10% for AEGE.DE.
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