XGVD.DE vs. XBAG.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) are both Global Bonds funds from Xtrackers - XGVD.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while XBAG.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 10 years, XGVD.DE returned -1.18%/yr vs -0.37%/yr for XBAG.DE. At a 0.50 correlation, their price movements are largely independent. XGVD.DE charges 0.25%/yr vs 0.10%/yr for XBAG.DE.
Performance
XGVD.DE vs. XBAG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVD.DE achieves a -1.14% return, which is significantly lower than XBAG.DE's 1.20% return. Over the past 10 years, XGVD.DE has underperformed XBAG.DE with an annualized return of -1.18%, while XBAG.DE has yielded a comparatively higher -0.37% annualized return.
XGVD.DE
- 1D
- 0.12%
- 1M
- -0.76%
- 6M
- -1.06%
- YTD
- -1.14%
- 1Y
- 0.01%
- 3Y*
- 0.64%
- 5Y*
- -2.82%
- 10Y*
- -1.18%
XBAG.DE
- 1D
- -0.09%
- 1M
- 0.06%
- 6M
- 0.26%
- YTD
- 1.20%
- 1Y
- 2.04%
- 3Y*
- 1.36%
- 5Y*
- -1.66%
- 10Y*
- -0.37%
XGVD.DE vs. XBAG.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 | -1.14% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | -0.57% | -0.09% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 1.20% | -3.91% | 3.40% | 1.86% | -11.54% | 2.90% | -0.49% | 9.26% | 3.05% | -6.07% |
Correlation
The correlation between XGVD.DE and XBAG.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2014 | 0.50 |
The correlation between XGVD.DE and XBAG.DE shifts across timeframes, from 0.42 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XBAG.DE — Risk / Return Rank
XGVD.DE
XBAG.DE
XGVD.DE vs. XBAG.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 1D (XBAG.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.
| XGVD.DE | XBAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.84 | -0.84 |
| Martin ratioReturn relative to average drawdown | 0.00 | 1.73 | -1.72 |
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Drawdowns
XGVD.DE vs. XBAG.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XBAG.DE drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XBAG.DE.
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Drawdown Indicators
| XGVD.DE | XBAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -27.90% | +6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -2.42% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -7.50% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -15.82% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -16.65% | -4.72% |
Current DrawdownCurrent decline from peak | -16.13% | -11.61% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.63% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.18% | +0.32% |
Volatility
XGVD.DE vs. XBAG.DE - Volatility Comparison
Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) has a higher volatility of 1.05% compared to Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) at 0.96%. This indicates that XGVD.DE's price experiences larger fluctuations and is considered to be riskier than XBAG.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 | XBAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.96% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.67% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.82% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 6.07% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 5.82% | -1.52% |
XGVD.DE vs. XBAG.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XBAG.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. XBAG.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.74%, less than XBAG.DE's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 2.98% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% | 0.00% |
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.74% | 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 XBAG.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAG.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 XBAG.DE tracks Bloomberg Global Aggregate TR USD. Their fees differ too: 0.25% for XGVD.DE and 0.10% for XBAG.DE.
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