XYP1.DE vs. VGEB.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3 while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, XYP1.DE returned 0.86%/yr vs -2.17%/yr for VGEB.DE. A 0.72 correlation means they provide meaningful diversification when combined. XYP1.DE charges 0.15%/yr vs 0.07%/yr for VGEB.DE.
Performance
XYP1.DE vs. VGEB.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 lower than VGEB.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%
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.07%
- 1Y
- -0.09%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
XYP1.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | -0.21% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 7.05% | 1.21% | -0.03% |
Correlation
The correlation between XYP1.DE and VGEB.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.72 |
The correlation between XYP1.DE and VGEB.DE shifts across timeframes, from 0.72 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XYP1.DE vs. VGEB.DE — Risk / Return Rank
XYP1.DE
VGEB.DE
XYP1.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.03 | +0.58 |
| Martin ratioReturn relative to average drawdown | 1.75 | -0.06 | +1.82 |
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 | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.02 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.34 | +0.83 |
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 | -0.03 | +0.49 |
Drawdowns
XYP1.DE vs. VGEB.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and VGEB.DE.
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Drawdown Indicators
| XYP1.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -22.15% | +16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -3.43% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -4.05% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -21.25% | +15.72% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -13.65% | +13.04% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -8.83% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.35% | -0.91% |
Volatility
XYP1.DE vs. VGEB.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) has a volatility of 1.63%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.63% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 3.47% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 4.16% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 6.32% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 5.52% | -3.51% |
XYP1.DE vs. VGEB.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is higher than VGEB.DE's 0.07% 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
XYP1.DE vs. VGEB.DE - Dividend Comparison
XYP1.DE has not paid dividends to shareholders, while VGEB.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYP1.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XYP1.DE.
XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XYP1.DE and 0.07% for VGEB.DE.
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