XYP1.DE vs. XZEB.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds from Xtrackers - XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3 while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, XYP1.DE returned 2.85%/yr vs 1.37%/yr for XZEB.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
XYP1.DE vs. XZEB.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 XZEB.DE's 0.20% 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%
XZEB.DE
- 1D
- 0.07%
- 1M
- 0.46%
- YTD
- 0.20%
- 6M
- 0.05%
- 1Y
- -0.71%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
XYP1.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -2.51% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between XYP1.DE and XZEB.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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.83 |
The correlation between XYP1.DE and XZEB.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
XYP1.DE vs. XZEB.DE — Risk / Return Rank
XYP1.DE
XZEB.DE
XYP1.DE vs. XZEB.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 Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.97 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.24 | +0.79 |
| Martin ratioReturn relative to average drawdown | 1.75 | -0.53 | +2.28 |
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 | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.17 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
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 | -0.11 | +0.57 |
Drawdowns
XYP1.DE vs. XZEB.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum XZEB.DE drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and XZEB.DE.
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Drawdown Indicators
| XYP1.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -13.98% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.97% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -4.45% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -7.28% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -8.40% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.33% | -0.89% |
Volatility
XYP1.DE vs. XZEB.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) has a volatility of 1.57%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.57% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 3.45% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 4.14% | -2.76% |
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% | 6.32% | -4.31% |
XYP1.DE vs. XZEB.DE - Expense Ratio Comparison
Both XYP1.DE and XZEB.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XYP1.DE vs. XZEB.DE - Dividend Comparison
Neither XYP1.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and XZEB.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE and XZEB.DE have the same expense ratio: 0.15% per year.
XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while XZEB.DE tracks FTSE ESG Select EMU Government Bond.
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