XUTD.DE vs. 36BD.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and 36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. Both are passively managed. Over the past 5 years, XUTD.DE returned 0.47%/yr vs 1.94%/yr for 36BD.DE. Their correlation of 0.90 suggests significant overlap in exposure. XUTD.DE charges 0.06%/yr vs 0.15%/yr for 36BD.DE.
Performance
XUTD.DE vs. 36BD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.DE achieves a 1.08% return, which is significantly lower than 36BD.DE's 1.33% return.
XUTD.DE
- 1D
- 0.08%
- 1M
- 0.88%
- YTD
- 1.08%
- 6M
- 0.34%
- 1Y
- 1.80%
- 3Y*
- 0.11%
- 5Y*
- 0.47%
- 10Y*
- 0.68%
36BD.DE
- 1D
- 0.05%
- 1M
- 0.66%
- YTD
- 1.33%
- 6M
- 0.68%
- 1Y
- 1.75%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
XUTD.DE vs. 36BD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 1.08% | -5.37% | 6.37% | 0.41% | -7.33% | 5.48% |
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
Correlation
The correlation between XUTD.DE and 36BD.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.90 |
The correlation between XUTD.DE and 36BD.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
XUTD.DE vs. 36BD.DE — Risk / Return Rank
XUTD.DE
36BD.DE
XUTD.DE vs. 36BD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) and iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.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.
| XUTD.DE | 36BD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.47 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.12 | 1.13 | 0.00 |
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
| XUTD.DE | 36BD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.32 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.27 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.18 | -0.13 |
Drawdowns
XUTD.DE vs. 36BD.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, which is greater than 36BD.DE's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and 36BD.DE.
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Drawdown Indicators
| XUTD.DE | 36BD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -11.97% | -6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.71% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -10.13% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -11.97% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | — | — |
Current DrawdownCurrent decline from peak | -13.39% | -6.13% | -7.26% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -4.97% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.55% | +0.05% |
Volatility
XUTD.DE vs. 36BD.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) has a higher volatility of 0.92% compared to iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) at 0.74%. This indicates that XUTD.DE's price experiences larger fluctuations and is considered to be riskier than 36BD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.DE | 36BD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.74% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.65% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.39% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 7.21% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 7.16% | +0.78% |
XUTD.DE vs. 36BD.DE - Expense Ratio Comparison
XUTD.DE has a 0.06% expense ratio, which is lower than 36BD.DE's 0.15% 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
XUTD.DE vs. 36BD.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.47%, while 36BD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.47% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.51% | 1.97% |
Frequently Asked Questions
With a correlation of 0.91, XUTD.DE and 36BD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for 36BD.DE.
XUTD.DE tracks iBoxx USD Treasuries Index, while 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUTD.DE and 0.15% for 36BD.DE.
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