XYP1.DE vs. OG35.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) are both European Government Bonds funds - XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3 while OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction. Both are passively managed. Over the past 5 years, XYP1.DE returned 0.86%/yr vs -0.34%/yr for OG35.DE. A 0.80 correlation means they provide meaningful diversification when combined. XYP1.DE charges 0.15%/yr vs 0.17%/yr for OG35.DE.
Performance
XYP1.DE vs. OG35.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XYP1.DE achieves a 0.03% return, which is significantly higher than OG35.DE's -0.13% return.
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.28%
- YTD
- 0.03%
- 6M
- 0.09%
- 1Y
- 0.77%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
OG35.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- -0.13%
- 6M
- -0.13%
- 1Y
- 0.41%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
XYP1.DE vs. OG35.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.68% |
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -10.01% | -1.17% | 1.17% |
Correlation
The correlation between XYP1.DE and OG35.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020 | 0.80 |
The correlation between XYP1.DE and OG35.DE has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
XYP1.DE vs. OG35.DE — Risk / Return Rank
XYP1.DE
OG35.DE
XYP1.DE vs. OG35.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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.
| XYP1.DE | OG35.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.17 | +0.38 |
| Martin ratioReturn relative to average drawdown | 1.75 | 0.48 | +1.27 |
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
| XYP1.DE | OG35.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.15 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.08 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.05 | +0.51 |
Drawdowns
XYP1.DE vs. OG35.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum OG35.DE drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and OG35.DE.
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Drawdown Indicators
| XYP1.DE | OG35.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -12.21% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.41% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -2.41% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -11.90% | +6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -2.66% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -4.99% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.85% | -0.41% |
Volatility
XYP1.DE vs. OG35.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) has a volatility of 1.08%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than OG35.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYP1.DE | OG35.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.08% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 2.47% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 2.72% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 3.97% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 3.76% | -1.75% |
XYP1.DE vs. OG35.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than OG35.DE's 0.17% 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
XYP1.DE vs. OG35.DE - Dividend Comparison
Neither XYP1.DE nor OG35.DE has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and OG35.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for OG35.DE.
XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction. They also come from different issuers: Xtrackers and Natixis. Their fees differ too: 0.15% for XYP1.DE and 0.17% for OG35.DE.
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