XGVD.DE vs. XDEW.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XDEW.DE (Xtrackers S&P 500 Equal Weight 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 XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XGVD.DE returned -1.18%/yr vs 11.04%/yr for XDEW.DE. At a correlation of -0.11, they often move in opposite directions. XGVD.DE charges 0.25%/yr vs 0.20%/yr for XDEW.DE.
Performance
XGVD.DE vs. XDEW.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 XDEW.DE's 14.50% return. Over the past 10 years, XGVD.DE has underperformed XDEW.DE with an annualized return of -1.18%, while XDEW.DE has yielded a comparatively higher 11.04% 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%
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%
XGVD.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XGVD.DE and XDEW.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | -0.11 |
The correlation between XGVD.DE and XDEW.DE shifts across timeframes, from -0.11 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XDEW.DE — Risk / Return Rank
XGVD.DE
XDEW.DE
XGVD.DE vs. XDEW.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 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.
| XGVD.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 3.91 | -3.91 |
| Martin ratioReturn relative to average drawdown | 0.00 | 12.05 | -12.05 |
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Drawdowns
XGVD.DE vs. XDEW.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XDEW.DE.
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Drawdown Indicators
| XGVD.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -38.79% | +17.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -5.06% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -22.70% | +18.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -22.70% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -38.79% | +17.42% |
Current DrawdownCurrent decline from peak | -16.13% | -0.61% | -15.52% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -5.33% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.65% | -0.15% |
Volatility
XGVD.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.05%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that XGVD.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.
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Volatility by Period
| XGVD.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.81% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 6.82% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 10.43% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 14.90% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 16.80% | -12.50% |
XGVD.DE vs. XDEW.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XDEW.DE's 0.20% 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. XDEW.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.74%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight 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 | 2.74% | 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 XDEW.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE is categorized as Global Bonds, while XDEW.DE is S&P 500. XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.25% for XGVD.DE and 0.20% for XDEW.DE.
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