XGVD.DE vs. XESC.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XESC.DE (Xtrackers EURO STOXX 50 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 XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, XGVD.DE returned -1.18%/yr vs 11.07%/yr for XESC.DE. At a correlation of -0.08, they often move in opposite directions. XGVD.DE charges 0.25%/yr vs 0.09%/yr for XESC.DE.
Performance
XGVD.DE vs. XESC.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 XESC.DE's 10.61% return. Over the past 10 years, XGVD.DE has underperformed XESC.DE with an annualized return of -1.18%, while XESC.DE has yielded a comparatively higher 11.07% 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%
XESC.DE
- 1D
- 0.00%
- 1M
- -0.14%
- 6M
- 6.37%
- YTD
- 10.61%
- 1Y
- 19.76%
- 3Y*
- 16.03%
- 5Y*
- 12.49%
- 10Y*
- 11.07%
XGVD.DE vs. XESC.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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 10.61% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between XGVD.DE and XESC.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2011 | -0.08 |
The correlation between XGVD.DE and XESC.DE shifts across timeframes, from -0.08 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XESC.DE — Risk / Return Rank
XGVD.DE
XESC.DE
XGVD.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 1.82 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.00 | 6.37 | -6.36 |
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Drawdowns
XGVD.DE vs. XESC.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XESC.DE drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XESC.DE.
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Drawdown Indicators
| XGVD.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -46.74% | +25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -10.88% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -16.53% | +12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -23.33% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -38.51% | +17.14% |
Current DrawdownCurrent decline from peak | -16.13% | -1.98% | -14.15% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -9.03% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 3.11% | -1.61% |
Volatility
XGVD.DE vs. XESC.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.05%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 3.98%. This indicates that XGVD.DE experiences smaller price fluctuations and is considered to be less risky than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 3.98% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 13.36% | -10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 16.09% | -12.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 17.55% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 17.91% | -13.61% |
XGVD.DE vs. XESC.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XESC.DE's 0.09% 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. XESC.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.74%, while XESC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XESC.DE Xtrackers EURO STOXX 50 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 XESC.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE is categorized as Global Bonds, while XESC.DE is Europe Equities. XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.25% for XGVD.DE and 0.09% for XESC.DE.
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