XYP1.DE vs. VWCE.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XYP1.DE returned 0.84%/yr vs 11.93%/yr for VWCE.DE. At a 0.10 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 0.19%/yr for VWCE.DE.
Performance
XYP1.DE vs. VWCE.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 VWCE.DE's 11.26% return.
XYP1.DE
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- -0.03%
- 6M
- 0.19%
- 1Y
- 0.84%
- 3Y*
- 2.81%
- 5Y*
- 0.84%
- 10Y*
- 0.56%
VWCE.DE
- 1D
- 0.15%
- 1M
- 2.31%
- YTD
- 11.26%
- 6M
- 11.96%
- 1Y
- 24.29%
- 3Y*
- 17.30%
- 5Y*
- 11.93%
- 10Y*
- —
XYP1.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | -0.03% | 2.36% | 3.44% | 3.76% | -4.63% | -0.71% | 0.54% | -0.08% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between XYP1.DE and VWCE.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.10 |
The correlation between XYP1.DE and VWCE.DE shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XYP1.DE vs. VWCE.DE — Risk / Return Rank
XYP1.DE
VWCE.DE
XYP1.DE vs. VWCE.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 FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 3.68 | -3.08 |
| Martin ratioReturn relative to average drawdown | 1.87 | 15.26 | -13.39 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.11 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.86 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.31 |
Drawdowns
XYP1.DE vs. VWCE.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and VWCE.DE.
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Drawdown Indicators
| XYP1.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -33.43% | +27.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -6.55% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -21.07% | +19.68% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -21.07% | +15.54% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -1.87% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -4.69% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.58% | -1.13% |
Volatility
XYP1.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.48%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.29%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 3.29% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 8.24% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 11.42% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 13.76% | -12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 16.15% | -14.14% |
XYP1.DE vs. VWCE.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither XYP1.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and VWCE.DE have a correlation of 0.23, 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 0.19% for VWCE.DE.
XYP1.DE is categorized as European Government Bonds, while VWCE.DE is Global Equities. XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XYP1.DE and 0.19% for VWCE.DE.
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