XSX6.DE vs. CGB.DE
XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both exchange-traded funds - XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600, while CGB.DE is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 10 years, XSX6.DE returned 9.60%/yr vs 2.49%/yr for CGB.DE. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
XSX6.DE vs. CGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSX6.DE achieves a 10.66% return, which is significantly higher than CGB.DE's 8.27% return. Over the past 10 years, XSX6.DE has outperformed CGB.DE with an annualized return of 9.60%, while CGB.DE has yielded a comparatively lower 2.49% annualized return.
XSX6.DE
- 1D
- 0.00%
- 1M
- 1.16%
- 6M
- 6.68%
- YTD
- 10.66%
- 1Y
- 21.96%
- 3Y*
- 15.13%
- 5Y*
- 10.20%
- 10Y*
- 9.60%
CGB.DE
- 1D
- 0.10%
- 1M
- 1.67%
- 6M
- 6.51%
- YTD
- 8.27%
- 1Y
- 10.90%
- 3Y*
- 4.88%
- 5Y*
- 3.11%
- 10Y*
- 2.49%
XSX6.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 10.66% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.27% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
Correlation
The correlation between XSX6.DE and CGB.DE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.06 |
The correlation between XSX6.DE and CGB.DE shifts across timeframes, from -0.13 (3 years) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSX6.DE vs. CGB.DE — Risk / Return Rank
XSX6.DE
CGB.DE
XSX6.DE vs. CGB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) and Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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.
| XSX6.DE | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.84 | -1.53 |
| Martin ratioReturn relative to average drawdown | 8.95 | 11.37 | -2.42 |
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Drawdowns
XSX6.DE vs. CGB.DE - Drawdown Comparison
The maximum XSX6.DE drawdown since its inception was -36.06%, which is greater than CGB.DE's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for XSX6.DE and CGB.DE.
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Drawdown Indicators
| XSX6.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -20.06% | -16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -2.83% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -11.08% | -5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -13.94% | -6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -14.64% | -21.42% |
Current DrawdownCurrent decline from peak | -1.53% | -0.69% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -9.25% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.95% | +1.50% |
Volatility
XSX6.DE vs. CGB.DE - Volatility Comparison
Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a higher volatility of 3.18% compared to Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) at 1.77%. This indicates that XSX6.DE's price experiences larger fluctuations and is considered to be riskier than CGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSX6.DE | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 1.77% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 4.01% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 5.81% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 6.74% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 11.06% | +4.15% |
XSX6.DE vs. CGB.DE - Expense Ratio Comparison
Both XSX6.DE and CGB.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSX6.DE vs. CGB.DE - Dividend Comparison
XSX6.DE has not paid dividends to shareholders, while CGB.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
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% |
Frequently Asked Questions
XSX6.DE and CGB.DE have a correlation of -0.10, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE and CGB.DE have the same expense ratio: 0.20% per year.
XSX6.DE is categorized as Europe Equities, while CGB.DE is Emerging Markets Bonds. XSX6.DE tracks STOXX® Europe 600, while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index.
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