XZEB.DE vs. XDWH.DE
XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - XZEB.DE is a European Government Bonds fund tracking the FTSE ESG Select EMU Government Bond, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, XZEB.DE returned 1.37%/yr vs 2.67%/yr for XDWH.DE. At a 0.14 correlation, their price movements are largely independent. XZEB.DE charges 0.15%/yr vs 0.25%/yr for XDWH.DE.
Performance
XZEB.DE vs. XDWH.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 XDWH.DE's -1.98% return.
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
XDWH.DE
- 1D
- 2.85%
- 1M
- 3.42%
- YTD
- -1.98%
- 6M
- -1.51%
- 1Y
- 9.79%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
XZEB.DE vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.04% | -1.74% |
Correlation
The correlation between XZEB.DE and XDWH.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.14 |
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Return for Risk
XZEB.DE vs. XDWH.DE — Risk / Return Rank
XZEB.DE
XDWH.DE
XZEB.DE vs. XDWH.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 MSCI World Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.93 | -1.17 |
| Martin ratioReturn relative to average drawdown | -0.53 | 2.28 | -2.82 |
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 | XDWH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.70 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.55 | -0.66 |
Drawdowns
XZEB.DE vs. XDWH.DE - Drawdown Comparison
The maximum XZEB.DE drawdown since its inception was -13.98%, smaller than the maximum XDWH.DE drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for XZEB.DE and XDWH.DE.
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Drawdown Indicators
| XZEB.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -26.08% | +12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -10.32% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -21.12% | +16.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.08% | — |
Current DrawdownCurrent decline from peak | -7.28% | -8.51% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -4.82% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 4.20% | -2.87% |
Volatility
XZEB.DE vs. XDWH.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) is 1.57%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.81%. This indicates that XZEB.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 4.81% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 9.51% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 13.69% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 13.43% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 14.69% | -8.37% |
XZEB.DE vs. XDWH.DE - Expense Ratio Comparison
XZEB.DE has a 0.15% expense ratio, which is lower than XDWH.DE's 0.25% 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. XDWH.DE - Dividend Comparison
Neither XZEB.DE nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEB.DE and XDWH.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for XDWH.DE.
XZEB.DE is categorized as European Government Bonds, while XDWH.DE is Health & Biotech Equities. XZEB.DE tracks FTSE ESG Select EMU Government Bond, while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.15% for XZEB.DE and 0.25% for XDWH.DE.
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