XZEB.DE vs. IS0M.DE
XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) and IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) are both European Government Bonds funds - XZEB.DE tracks the FTSE ESG Select EMU Government Bond while IS0M.DE tracks the Bloomberg Italy Treasury Bond. Both are passively managed. Over the past 3 years, XZEB.DE returned 1.37%/yr vs 4.15%/yr for IS0M.DE. Their correlation of 0.91 suggests significant overlap in exposure. XZEB.DE charges 0.15%/yr vs 0.20%/yr for IS0M.DE.
Performance
XZEB.DE vs. IS0M.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 IS0M.DE's -0.32% return.
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
IS0M.DE
- 1D
- 0.01%
- 1M
- -0.06%
- YTD
- -0.32%
- 6M
- -0.26%
- 1Y
- 1.11%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
XZEB.DE vs. IS0M.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% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -6.40% |
Correlation
The correlation between XZEB.DE and IS0M.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.91 |
The correlation between XZEB.DE and IS0M.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
XZEB.DE vs. IS0M.DE — Risk / Return Rank
XZEB.DE
IS0M.DE
XZEB.DE vs. IS0M.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 iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.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 | IS0M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.19 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.53 | 0.58 | -1.12 |
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 | IS0M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.17 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.49 | -0.60 |
Drawdowns
XZEB.DE vs. IS0M.DE - Drawdown Comparison
The maximum XZEB.DE drawdown since its inception was -13.98%, smaller than the maximum IS0M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for XZEB.DE and IS0M.DE.
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Drawdown Indicators
| XZEB.DE | IS0M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -21.08% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -4.28% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -4.42% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -7.28% | -6.33% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -5.53% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.43% | -0.10% |
Volatility
XZEB.DE vs. IS0M.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) is 1.57%, while iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a volatility of 1.99%. This indicates that XZEB.DE experiences smaller price fluctuations and is considered to be less risky than IS0M.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 | IS0M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.99% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 4.25% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.84% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.80% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.73% | -0.41% |
XZEB.DE vs. IS0M.DE - Expense Ratio Comparison
XZEB.DE has a 0.15% expense ratio, which is lower than IS0M.DE's 0.20% 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
XZEB.DE vs. IS0M.DE - Dividend Comparison
XZEB.DE has not paid dividends to shareholders, while IS0M.DE's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
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
With a correlation of 0.94, XZEB.DE and IS0M.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0M.DE.
XZEB.DE tracks FTSE ESG Select EMU Government Bond, while IS0M.DE tracks Bloomberg Italy Treasury Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XZEB.DE and 0.20% for IS0M.DE.
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