XUTE.DE vs. VAGT.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, XUTE.DE returned 1.17%/yr vs 1.49%/yr for VAGT.DE. At a 0.35 correlation, their price movements are largely independent. XUTE.DE charges 0.10%/yr vs 0.05%/yr for VAGT.DE.
Performance
XUTE.DE vs. VAGT.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 VAGT.DE's 2.94% 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*
- —
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 2.99%
- YTD
- 2.94%
- 1Y
- 6.02%
- 3Y*
- 1.49%
- 5Y*
- —
- 10Y*
- —
XUTE.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 2.15% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.94% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between XUTE.DE and VAGT.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.35 |
Over the past year, the correlation between XUTE.DE and VAGT.DE has dropped to 0.12 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
XUTE.DE vs. VAGT.DE — Risk / Return Rank
XUTE.DE
VAGT.DE
XUTE.DE vs. VAGT.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 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.
| XUTE.DE | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.51 | -1.18 |
| Martin ratioReturn relative to average drawdown | 0.86 | 3.92 | -3.06 |
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Drawdowns
XUTE.DE vs. VAGT.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, 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 XUTE.DE and VAGT.DE.
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Drawdown Indicators
| XUTE.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -11.03% | -12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -4.00% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -11.03% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | — | — |
Current DrawdownCurrent decline from peak | -16.71% | -5.49% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -5.05% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.54% | -0.20% |
Volatility
XUTE.DE vs. VAGT.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 0.95%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) has a volatility of 1.61%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUTE.DE | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.61% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.88% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 5.56% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 7.30% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 7.30% | -2.21% |
XUTE.DE vs. VAGT.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% 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
XUTE.DE vs. VAGT.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, while VAGT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
XUTE.DE and VAGT.DE have a correlation of 0.12, 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 0.10% for XUTE.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), 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: 0.10% for XUTE.DE and 0.05% for VAGT.DE.
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