XUTE.DE vs. EXHC.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs -0.87%/yr for EXHC.DE. A 0.63 correlation means they provide meaningful diversification when combined. XUTE.DE charges 0.10%/yr vs 0.16%/yr for EXHC.DE.
Performance
XUTE.DE vs. EXHC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -0.78% return, which is significantly lower than EXHC.DE's 0.37% return.
XUTE.DE
- 1D
- -0.07%
- 1M
- 0.37%
- 6M
- -0.57%
- YTD
- -0.78%
- 1Y
- 1.15%
- 3Y*
- 1.17%
- 5Y*
- -2.48%
- 10Y*
- —
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
XUTE.DE vs. EXHC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
Correlation
The correlation between XUTE.DE and EXHC.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.63 |
The correlation between XUTE.DE and EXHC.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
XUTE.DE vs. EXHC.DE — Risk / Return Rank
XUTE.DE
EXHC.DE
XUTE.DE vs. EXHC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) and iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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.
| XUTE.DE | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.19 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.86 | 0.46 | +0.40 |
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Drawdowns
XUTE.DE vs. EXHC.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, which is greater than EXHC.DE's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and EXHC.DE.
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Drawdown Indicators
| XUTE.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -14.39% | -9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.06% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -2.33% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -12.55% | -8.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.39% | — |
Current DrawdownCurrent decline from peak | -16.71% | -6.78% | -9.93% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -2.90% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.87% | +0.47% |
Volatility
XUTE.DE vs. EXHC.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a higher volatility of 0.95% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that XUTE.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTE.DE | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.52% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.06% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 2.39% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 3.59% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 2.76% | +2.33% |
XUTE.DE vs. EXHC.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is lower than EXHC.DE's 0.16% 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
XUTE.DE vs. EXHC.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, more than EXHC.DE's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.39% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUTE.DE and EXHC.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for EXHC.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XUTE.DE and 0.16% for EXHC.DE.
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