XZEB.DE vs. D5BC.DE
XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds from Xtrackers - XZEB.DE tracks the FTSE ESG Select EMU Government Bond while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 3 years, XZEB.DE returned 1.37%/yr vs 2.03%/yr for D5BC.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
XZEB.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEB.DE achieves a 0.20% return, which is significantly higher than D5BC.DE's 0.01% return.
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.03%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.64%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
XZEB.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -2.83% |
Correlation
The correlation between XZEB.DE and D5BC.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.81 |
The correlation between XZEB.DE and D5BC.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
XZEB.DE vs. D5BC.DE — Risk / Return Rank
XZEB.DE
D5BC.DE
XZEB.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
| XZEB.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.09 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.46 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.53 | 1.39 | -1.92 |
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
| XZEB.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.45 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.14 | -0.24 |
Drawdowns
XZEB.DE vs. D5BC.DE - Drawdown Comparison
The maximum XZEB.DE drawdown since its inception was -13.98%, which is greater than D5BC.DE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for XZEB.DE and D5BC.DE.
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Drawdown Indicators
| XZEB.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -9.22% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -1.08% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -1.08% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.22% | — |
Current DrawdownCurrent decline from peak | -7.28% | -2.33% | -4.95% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -2.32% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.36% | +0.97% |
Volatility
XZEB.DE vs. D5BC.DE - Volatility Comparison
Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) has a higher volatility of 1.57% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.42%. This indicates that XZEB.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEB.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.42% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 1.01% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 1.11% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 1.57% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 1.21% | +5.11% |
XZEB.DE vs. D5BC.DE - Expense Ratio Comparison
Both XZEB.DE and D5BC.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
XZEB.DE vs. D5BC.DE - Dividend Comparison
XZEB.DE has not paid dividends to shareholders, while D5BC.DE's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZEB.DE and D5BC.DE have a correlation of 0.78, 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.
XZEB.DE and D5BC.DE have the same expense ratio: 0.15% per year.
XZEB.DE tracks FTSE ESG Select EMU Government Bond, while D5BC.DE tracks iBoxx® EUR Germany 1-3.
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