XJSE.DE vs. VAGT.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - XJSE.DE tracks the FTSE Japanese Government Bond Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, XJSE.DE returned -11.78%/yr vs 1.49%/yr for VAGT.DE. At a 0.43 correlation, their price movements are largely independent. XJSE.DE charges 0.15%/yr vs 0.05%/yr for VAGT.DE.
Performance
XJSE.DE vs. VAGT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XJSE.DE achieves a -5.80% return, which is significantly lower than VAGT.DE's 2.94% return.
XJSE.DE
- 1D
- -0.34%
- 1M
- -0.34%
- 6M
- -5.19%
- YTD
- -5.80%
- 1Y
- -15.95%
- 3Y*
- -11.78%
- 5Y*
- -11.28%
- 10Y*
- -7.50%
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 2.99%
- YTD
- 2.94%
- 1Y
- 6.02%
- 3Y*
- 1.49%
- 5Y*
- —
- 10Y*
- —
XJSE.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -8.21% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.94% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between XJSE.DE and VAGT.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.43 |
Over the past year, the correlation between XJSE.DE and VAGT.DE has dropped to 0.18 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
XJSE.DE vs. VAGT.DE — Risk / Return Rank
XJSE.DE
VAGT.DE
XJSE.DE vs. VAGT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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.
| XJSE.DE | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.20 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.51 | -2.47 |
| Martin ratioReturn relative to average drawdown | -1.49 | 3.92 | -5.41 |
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Drawdowns
XJSE.DE vs. VAGT.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.06%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for XJSE.DE and VAGT.DE.
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Drawdown Indicators
| XJSE.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -11.03% | -44.03% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -4.00% | -12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -32.72% | -11.03% | -21.69% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | — | — |
Current DrawdownCurrent decline from peak | -54.83% | -5.49% | -49.34% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -5.05% | -15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 1.54% | +8.48% |
Volatility
XJSE.DE vs. VAGT.DE - Volatility Comparison
Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a higher volatility of 1.82% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 1.61%. This indicates that XJSE.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XJSE.DE | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.61% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 3.88% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 5.56% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 7.30% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 7.30% | +2.62% |
XJSE.DE vs. VAGT.DE - Expense Ratio Comparison
XJSE.DE has a 0.15% expense ratio, which is higher than VAGT.DE's 0.05% 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
XJSE.DE vs. VAGT.DE - Dividend Comparison
Neither XJSE.DE nor VAGT.DE has paid dividends to shareholders.
Frequently Asked Questions
XJSE.DE and VAGT.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for XJSE.DE.
XJSE.DE tracks FTSE Japanese Government Bond Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XJSE.DE and 0.05% for VAGT.DE.
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