XYP1.DE vs. VGOV.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3 while VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, XYP1.DE returned 0.86%/yr vs -5.47%/yr for VGOV.DE. At a 0.43 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 0.07%/yr for VGOV.DE.
Performance
XYP1.DE vs. VGOV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XYP1.DE achieves a 0.03% return, which is significantly higher than VGOV.DE's -0.51% 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%
VGOV.DE
- 1D
- 0.07%
- 1M
- 1.26%
- YTD
- -0.51%
- 6M
- -0.46%
- 1Y
- -0.68%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
XYP1.DE vs. VGOV.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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | -0.21% | 5.44% | -30.78% | 1.88% | 2.84% | 13.71% | -1.09% | 2.53% |
Correlation
The correlation between XYP1.DE and VGOV.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.43 |
The correlation between XYP1.DE and VGOV.DE shifts across timeframes, from 0.43 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XYP1.DE vs. VGOV.DE — Risk / Return Rank
XYP1.DE
VGOV.DE
XYP1.DE vs. VGOV.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 UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.13 | +0.68 |
| Martin ratioReturn relative to average drawdown | 1.75 | -0.29 | +2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XYP1.DE | VGOV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.08 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.42 | +0.91 |
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 | -0.13 | +0.59 |
Drawdowns
XYP1.DE vs. VGOV.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum VGOV.DE drawdown of -40.95%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and VGOV.DE.
Loading charts...
Drawdown Indicators
| XYP1.DE | VGOV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -40.95% | +35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -5.37% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -9.01% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -40.45% | +34.92% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -30.35% | +29.74% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -16.60% | +15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.35% | -1.91% |
Volatility
XYP1.DE vs. VGOV.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a volatility of 3.34%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than VGOV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XYP1.DE | VGOV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 3.34% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 6.15% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 7.99% | -6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 12.87% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 11.86% | -9.85% |
XYP1.DE vs. VGOV.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is higher than VGOV.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. VGOV.DE - Dividend Comparison
XYP1.DE has not paid dividends to shareholders, while VGOV.DE's dividend yield for the trailing twelve months is around 4.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% |
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 VGOV.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.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 VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XYP1.DE and 0.07% for VGOV.DE.
Find the right allocation for XYP1.DE and VGOV.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer