XUTE.DE vs. VGTY.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs 0.19%/yr for VGTY.DE. At a 0.42 correlation, their price movements are largely independent. XUTE.DE charges 0.10%/yr vs 0.05%/yr for VGTY.DE.
Performance
XUTE.DE vs. VGTY.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 VGTY.DE's 2.87% 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*
- —
VGTY.DE
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 2.81%
- YTD
- 2.87%
- 1Y
- 6.01%
- 3Y*
- 1.47%
- 5Y*
- 0.19%
- 10Y*
- —
XUTE.DE vs. VGTY.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% | 0.06% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.87% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
Correlation
The correlation between XUTE.DE and VGTY.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.42 |
Over the past year, the correlation between XUTE.DE and VGTY.DE has dropped to 0.11 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
XUTE.DE vs. VGTY.DE — Risk / Return Rank
XUTE.DE
VGTY.DE
XUTE.DE vs. VGTY.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 Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.50 | -1.17 |
| Martin ratioReturn relative to average drawdown | 0.86 | 3.90 | -3.04 |
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Drawdowns
XUTE.DE vs. VGTY.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, which is greater than VGTY.DE's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and VGTY.DE.
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Drawdown Indicators
| XUTE.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -17.51% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.98% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -11.05% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -12.99% | -7.58% |
Current DrawdownCurrent decline from peak | -16.71% | -11.40% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -9.06% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.54% | -0.20% |
Volatility
XUTE.DE vs. VGTY.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 Distributing (VGTY.DE) has a volatility of 1.57%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.57% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.81% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 5.47% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 7.99% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 7.66% | -2.57% |
XUTE.DE vs. VGTY.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is higher than VGTY.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. VGTY.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, less than VGTY.DE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% |
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% |
Frequently Asked Questions
XUTE.DE and VGTY.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.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 VGTY.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 VGTY.DE.
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