XGVD.DE vs. XSX6.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both exchange-traded funds - XGVD.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, XGVD.DE returned -0.99%/yr vs 9.14%/yr for XSX6.DE. At a correlation of -0.07, they often move in opposite directions. XGVD.DE charges 0.25%/yr vs 0.20%/yr for XSX6.DE.
Performance
XGVD.DE vs. XSX6.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 XSX6.DE's 7.40% return. Over the past 10 years, XGVD.DE has underperformed XSX6.DE with an annualized return of -0.99%, while XSX6.DE has yielded a comparatively higher 9.14% 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%
XSX6.DE
- 1D
- 0.59%
- 1M
- 0.87%
- YTD
- 7.40%
- 6M
- 10.04%
- 1Y
- 16.19%
- 3Y*
- 13.95%
- 5Y*
- 9.70%
- 10Y*
- 9.14%
XGVD.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 7.40% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
Correlation
The correlation between XGVD.DE and XSX6.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | -0.07 |
The correlation between XGVD.DE and XSX6.DE shifts across timeframes, from -0.07 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XSX6.DE — Risk / Return Rank
XGVD.DE
XSX6.DE
XGVD.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.73 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.14 | 6.55 | -6.69 |
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 | XSX6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.26 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.66 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.58 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.59 | -0.49 |
Drawdowns
XGVD.DE vs. XSX6.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XSX6.DE drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XSX6.DE.
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Drawdown Indicators
| XGVD.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -36.05% | +14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -9.46% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -16.37% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -20.84% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -36.05% | +14.68% |
Current DrawdownCurrent decline from peak | -15.92% | -1.56% | -14.36% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -5.27% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.50% | -1.20% |
Volatility
XGVD.DE vs. XSX6.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.38%, while Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a volatility of 4.26%. This indicates that XGVD.DE experiences smaller price fluctuations and is considered to be less risky than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 4.26% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 10.73% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 12.95% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 14.44% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 15.61% | -11.30% |
XGVD.DE vs. XSX6.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XSX6.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. XSX6.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, while XSX6.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGVD.DE and XSX6.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE is categorized as Global Bonds, while XSX6.DE is Europe Equities. XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XSX6.DE tracks STOXX® Europe 600. Their fees differ too: 0.25% for XGVD.DE and 0.20% for XSX6.DE.
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