XGVD.DE vs. XDEQ.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XGVD.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XGVD.DE returned -0.99%/yr vs 12.38%/yr for XDEQ.DE. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
XGVD.DE vs. XDEQ.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 XDEQ.DE's 9.48% return. Over the past 10 years, XGVD.DE has underperformed XDEQ.DE with an annualized return of -0.99%, while XDEQ.DE has yielded a comparatively higher 12.38% 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%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 3.10%
- YTD
- 9.48%
- 6M
- 9.63%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
XGVD.DE vs. XDEQ.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% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between XGVD.DE and XDEQ.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | -0.06 |
The correlation between XGVD.DE and XDEQ.DE shifts across timeframes, from -0.06 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XDEQ.DE — Risk / Return Rank
XGVD.DE
XDEQ.DE
XGVD.DE vs. XDEQ.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 MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.04 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.14 | 12.17 | -12.31 |
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 | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.78 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.80 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.85 | -1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.80 | -0.70 |
Drawdowns
XGVD.DE vs. XDEQ.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XDEQ.DE.
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Drawdown Indicators
| XGVD.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -32.16% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -6.22% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -20.59% | +15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -20.59% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -32.16% | +10.79% |
Current DrawdownCurrent decline from peak | -15.92% | 0.00% | -15.92% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -4.75% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.56% | -0.26% |
Volatility
XGVD.DE vs. XDEQ.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.38%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a volatility of 2.36%. This indicates that XGVD.DE experiences smaller price fluctuations and is considered to be less risky than XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 2.36% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 7.32% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 10.64% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 14.12% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 15.35% | -11.04% |
XGVD.DE vs. XDEQ.DE - Expense Ratio Comparison
Both XGVD.DE and XDEQ.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGVD.DE vs. XDEQ.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, while XDEQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 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 XDEQ.DE have a correlation of 0.24, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGVD.DE and XDEQ.DE have the same expense ratio: 0.25% per year.
XGVD.DE is categorized as Global Bonds, while XDEQ.DE is Global Equities. XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XDEQ.DE tracks MSCI ACWI NR USD.
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