XTIP.DE vs. DBZB.DE
XTIP.DE (Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - XTIP.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 3 years, XTIP.DE returned 1.04%/yr vs 0.76%/yr for DBZB.DE. At a 0.27 correlation, their price movements are largely independent. XTIP.DE charges 0.07%/yr vs 0.25%/yr for DBZB.DE.
Performance
XTIP.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XTIP.DE achieves a 2.69% return, which is significantly higher than DBZB.DE's -0.71% return.
XTIP.DE
- 1D
- -0.02%
- 1M
- 0.81%
- YTD
- 2.69%
- 6M
- 1.65%
- 1Y
- 2.81%
- 3Y*
- 1.04%
- 5Y*
- —
- 10Y*
- —
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
XTIP.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 2.69% | -5.01% | 7.81% | 0.02% | -6.46% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | 0.43% |
Correlation
The correlation between XTIP.DE and DBZB.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.27 |
The correlation between XTIP.DE and DBZB.DE shifts across timeframes, from -0.03 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XTIP.DE vs. DBZB.DE — Risk / Return Rank
XTIP.DE
DBZB.DE
XTIP.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| XTIP.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.00 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.01 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.83 | -0.04 | +1.87 |
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
| XTIP.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | -0.01 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.22 | -0.28 |
Drawdowns
XTIP.DE vs. DBZB.DE - Drawdown Comparison
The maximum XTIP.DE drawdown since its inception was -10.79%, smaller than the maximum DBZB.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for XTIP.DE and DBZB.DE.
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Drawdown Indicators
| XTIP.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -21.88% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -3.52% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -10.79% | -5.14% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -5.92% | -16.44% | +10.52% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.97% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.26% | +0.28% |
Volatility
XTIP.DE vs. DBZB.DE - Volatility Comparison
The current volatility for Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.DE) is 1.05%, while Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a volatility of 1.48%. This indicates that XTIP.DE experiences smaller price fluctuations and is considered to be less risky than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTIP.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.48% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 3.06% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 3.86% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 5.37% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 4.74% | +2.86% |
XTIP.DE vs. DBZB.DE - Expense Ratio Comparison
XTIP.DE has a 0.07% expense ratio, which is lower than DBZB.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XTIP.DE vs. DBZB.DE - Dividend Comparison
Neither XTIP.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
XTIP.DE and DBZB.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTIP.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTIP.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for DBZB.DE.
XTIP.DE is categorized as Inflation-Protected Bonds, while DBZB.DE is Global Bonds. XTIP.DE tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). Their fees differ too: 0.07% for XTIP.DE and 0.25% for DBZB.DE.
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