XY4P.DE vs. XDEQ.DE
XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XY4P.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus, while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XY4P.DE returned 0.56%/yr vs 12.38%/yr for XDEQ.DE. At a 0.11 correlation, their price movements are largely independent. XY4P.DE charges 0.15%/yr vs 0.25%/yr for XDEQ.DE.
Performance
XY4P.DE vs. XDEQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY4P.DE achieves a -0.03% return, which is significantly lower than XDEQ.DE's 9.48% return. Over the past 10 years, XY4P.DE has underperformed XDEQ.DE with an annualized return of 0.56%, while XDEQ.DE has yielded a comparatively higher 12.38% annualized return.
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 3.10%
- YTD
- 9.48%
- 6M
- 9.63%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
XY4P.DE vs. XDEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between XY4P.DE and XDEQ.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.11 |
Over the past year, XY4P.DE and XDEQ.DE have become more correlated (0.37) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
XY4P.DE vs. XDEQ.DE — Risk / Return Rank
XY4P.DE
XDEQ.DE
XY4P.DE vs. XDEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.
| XY4P.DE | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 3.04 | -2.97 |
| Martin ratioReturn relative to average drawdown | 0.19 | 12.17 | -11.98 |
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
| XY4P.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 1.78 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.80 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.85 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.80 | -0.41 |
Drawdowns
XY4P.DE vs. XDEQ.DE - Drawdown Comparison
The maximum XY4P.DE drawdown since its inception was -20.52%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for XY4P.DE and XDEQ.DE.
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Drawdown Indicators
| XY4P.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -32.16% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -6.22% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -20.59% | +16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -20.59% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.52% | -32.16% | +11.64% |
Current DrawdownCurrent decline from peak | -9.19% | 0.00% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -4.75% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.56% | -0.13% |
Volatility
XY4P.DE vs. XDEQ.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) is 1.77%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a volatility of 2.36%. This indicates that XY4P.DE experiences smaller price fluctuations and is considered to be less risky than XDEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XY4P.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.36% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 7.32% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 10.64% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 14.12% | -7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 15.35% | -8.86% |
XY4P.DE vs. XDEQ.DE - Expense Ratio Comparison
XY4P.DE has a 0.15% expense ratio, which is lower than XDEQ.DE's 0.25% 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
XY4P.DE vs. XDEQ.DE - Dividend Comparison
Neither XY4P.DE nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
XY4P.DE and XDEQ.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XY4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XY4P.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEQ.DE.
XY4P.DE is categorized as European Government Bonds, while XDEQ.DE is Global Equities. XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus, while XDEQ.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for XY4P.DE and 0.25% for XDEQ.DE.
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