XZEG.DE vs. XDWD.DE
XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - XZEG.DE is a Global Bonds fund tracking the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged), while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, XZEG.DE returned 0.67%/yr vs 17.56%/yr for XDWD.DE. At a 0.05 correlation, their price movements are largely independent. XZEG.DE charges 0.25%/yr vs 0.19%/yr for XDWD.DE.
Performance
XZEG.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEG.DE achieves a -0.85% return, which is significantly lower than XDWD.DE's 10.91% return.
XZEG.DE
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- -0.85%
- 6M
- -0.89%
- 1Y
- -0.40%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 3.63%
- YTD
- 10.91%
- 6M
- 10.96%
- 1Y
- 23.80%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XZEG.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | -17.03% | -1.50% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -13.67% | 3.34% |
Correlation
The correlation between XZEG.DE and XDWD.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 | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.05 |
The correlation between XZEG.DE and XDWD.DE shifts across timeframes, from 0.05 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XZEG.DE vs. XDWD.DE — Risk / Return Rank
XZEG.DE
XDWD.DE
XZEG.DE vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) and Xtrackers MSCI World UCITS ETF 1C (XDWD.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.
| XZEG.DE | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.63 | -3.79 |
| Martin ratioReturn relative to average drawdown | -0.44 | 14.44 | -14.88 |
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
| XZEG.DE | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 2.14 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.78 | -1.44 |
Drawdowns
XZEG.DE vs. XDWD.DE - Drawdown Comparison
The maximum XZEG.DE drawdown since its inception was -21.14%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XZEG.DE and XDWD.DE.
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Drawdown Indicators
| XZEG.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -33.55% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -6.54% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -21.64% | +17.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -16.14% | -0.33% | -15.81% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -4.55% | -10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.65% | -0.31% |
Volatility
XZEG.DE vs. XDWD.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) is 1.42%, while Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) has a volatility of 2.60%. This indicates that XZEG.DE experiences smaller price fluctuations and is considered to be less risky than XDWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEG.DE | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 2.60% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 7.77% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 11.12% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 14.13% | -8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 15.16% | -9.37% |
XZEG.DE vs. XDWD.DE - Expense Ratio Comparison
XZEG.DE has a 0.25% expense ratio, which is higher than XDWD.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XZEG.DE vs. XDWD.DE - Dividend Comparison
XZEG.DE's dividend yield for the trailing twelve months is around 2.53%, while XDWD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% |
Frequently Asked Questions
XZEG.DE and XDWD.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, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for XZEG.DE.
XZEG.DE is categorized as Global Bonds, while XDWD.DE is Global Equities. XZEG.DE tracks FTSE ESG Select World Government Bond Developed Markets (EUR Hedged), while XDWD.DE tracks MSCI World. Their fees differ too: 0.25% for XZEG.DE and 0.19% for XDWD.DE.
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