XZEB.DE vs. VIGB.DE
XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) and VIGB.DE (VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF) are both European Government Bonds funds - XZEB.DE tracks the FTSE ESG Select EMU Government Bond while VIGB.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1-5. Both are passively managed. Over the past 3 years, XZEB.DE returned 1.37%/yr vs 2.16%/yr for VIGB.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
XZEB.DE vs. VIGB.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 VIGB.DE's -0.33% return.
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
VIGB.DE
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- -0.33%
- 6M
- -0.34%
- 1Y
- 0.35%
- 3Y*
- 2.16%
- 5Y*
- -0.69%
- 10Y*
- —
XZEB.DE vs. VIGB.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% |
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | -0.33% | 2.05% | 1.72% | 4.06% | -5.21% |
Correlation
The correlation between XZEB.DE and VIGB.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.87 |
The correlation between XZEB.DE and VIGB.DE shifts across timeframes, from 0.69 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XZEB.DE vs. VIGB.DE — Risk / Return Rank
XZEB.DE
VIGB.DE
XZEB.DE vs. VIGB.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 VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.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 | VIGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.03 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.53 | 0.07 | -0.60 |
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 | VIGB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.02 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.24 | +0.13 |
Drawdowns
XZEB.DE vs. VIGB.DE - Drawdown Comparison
The maximum XZEB.DE drawdown since its inception was -13.98%, which is greater than VIGB.DE's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for XZEB.DE and VIGB.DE.
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Drawdown Indicators
| XZEB.DE | VIGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -13.23% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -2.74% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -2.74% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.82% | — |
Current DrawdownCurrent decline from peak | -7.28% | -5.45% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -5.35% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.01% | +0.32% |
Volatility
XZEB.DE vs. VIGB.DE - Volatility Comparison
Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) has a higher volatility of 1.57% compared to VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.DE) at 0.74%. This indicates that XZEB.DE's price experiences larger fluctuations and is considered to be riskier than VIGB.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 | VIGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.74% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 3.72% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.99% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 3.55% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 3.02% | +3.30% |
XZEB.DE vs. VIGB.DE - Expense Ratio Comparison
Both XZEB.DE and VIGB.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. VIGB.DE - Dividend Comparison
XZEB.DE has not paid dividends to shareholders, while VIGB.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 1.06% | 0.63% | 1.43% | 0.96% | 0.66% | 1.92% | 1.90% | 2.52% |
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% |
Frequently Asked Questions
XZEB.DE and VIGB.DE have a correlation of 0.69, 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 VIGB.DE have the same expense ratio: 0.15% per year.
XZEB.DE tracks FTSE ESG Select EMU Government Bond, while VIGB.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1-5. They also come from different issuers: Xtrackers and VanEck.
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