XGVD.DE vs. XBAE.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds from Xtrackers - XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 10 years, XGVD.DE returned -0.99%/yr vs -0.46%/yr for XBAE.DE. A 0.75 correlation means they provide meaningful diversification when combined. XGVD.DE charges 0.25%/yr vs 0.10%/yr for XBAE.DE.
Performance
XGVD.DE vs. XBAE.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 XBAE.DE's -0.55% return. Over the past 10 years, XGVD.DE has underperformed XBAE.DE with an annualized return of -0.99%, while XBAE.DE has yielded a comparatively higher -0.46% annualized return.
XGVD.DE
- 1D
- 0.01%
- 1M
- -0.26%
- YTD
- -0.89%
- 6M
- -0.81%
- 1Y
- -0.08%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
XBAE.DE
- 1D
- 0.05%
- 1M
- -0.24%
- YTD
- -0.55%
- 6M
- -0.54%
- 1Y
- 1.07%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
XGVD.DE vs. XBAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | -0.57% | -0.09% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -1.57% | 0.56% |
Correlation
The correlation between XGVD.DE and XBAE.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | 0.75 |
The correlation between XGVD.DE and XBAE.DE shifts across timeframes, from 0.75 (all time) to 0.89 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XBAE.DE — Risk / Return Rank
XGVD.DE
XBAE.DE
XGVD.DE vs. XBAE.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.30 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.14 | 0.83 | -0.97 |
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 | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.27 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.35 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | -0.10 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.08 | +0.03 |
Drawdowns
XGVD.DE vs. XBAE.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, which is greater than XBAE.DE's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XBAE.DE.
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Drawdown Indicators
| XGVD.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -19.04% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.11% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -4.58% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -18.29% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -19.04% | -2.33% |
Current DrawdownCurrent decline from peak | -15.92% | -10.88% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -5.91% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.11% | +0.19% |
Volatility
XGVD.DE vs. XBAE.DE - Volatility Comparison
Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) have volatilities of 1.38% and 1.32%, 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
| XGVD.DE | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.32% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.86% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 3.46% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.00% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 4.63% | -0.32% |
XGVD.DE vs. XBAE.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XBAE.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. XBAE.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, while XBAE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 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 XBAE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAE.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 XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Their fees differ too: 0.25% for XGVD.DE and 0.10% for XBAE.DE.
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