XUTE.DE vs. VX6F.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.68%/yr vs -2.60%/yr for VX6F.DE. A 0.69 correlation means they provide meaningful diversification when combined. XUTE.DE charges 0.10%/yr vs 0.05%/yr for VX6F.DE.
Performance
XUTE.DE vs. VX6F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -1.03% return, which is significantly lower than VX6F.DE's 1.47% return.
XUTE.DE
- 1D
- 0.22%
- 1M
- -0.39%
- 6M
- -0.88%
- YTD
- -1.03%
- 1Y
- 1.43%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
VX6F.DE
- 1D
- 0.00%
- 1M
- 0.80%
- 6M
- 0.07%
- YTD
- 1.47%
- 1Y
- 4.31%
- 3Y*
- 2.69%
- 5Y*
- -2.60%
- 10Y*
- —
XUTE.DE vs. VX6F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.03% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.71% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 1.47% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.30% |
Correlation
The correlation between XUTE.DE and VX6F.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.69 |
The correlation between XUTE.DE and VX6F.DE shifts across timeframes, from 0.56 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUTE.DE vs. VX6F.DE — Risk / Return Rank
XUTE.DE
VX6F.DE
XUTE.DE vs. VX6F.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 U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.10 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.81 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.99 | 2.49 | -1.50 |
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Drawdowns
XUTE.DE vs. VX6F.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and VX6F.DE.
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Drawdown Indicators
| XUTE.DE | VX6F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -38.93% | +15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -5.35% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -9.02% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -36.83% | +16.26% |
Current DrawdownCurrent decline from peak | -16.92% | -18.27% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -14.85% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.74% | -0.31% |
Volatility
XUTE.DE vs. VX6F.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 1.00%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 2.26%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.26% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 6.34% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 7.89% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 12.95% | -7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 12.04% | -6.96% |
XUTE.DE vs. VX6F.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is higher than VX6F.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. VX6F.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.40%, while VX6F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.37% | 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) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and VX6F.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VX6F.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 VX6F.DE tracks Bloomberg Sterling Gilt 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 VX6F.DE.
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