XZWG.DE vs. XCTE.DE
XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and XCTE.DE (Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C) are both exchange-traded funds - XZWG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg EUR, while XCTE.DE is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, XZWG.DE returned -0.15%/yr vs 10.51%/yr for XCTE.DE. At a 0.01 correlation, their price movements are largely independent. XZWG.DE charges 0.20%/yr vs 0.44%/yr for XCTE.DE.
Performance
XZWG.DE vs. XCTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZWG.DE achieves a 0.27% return, which is significantly lower than XCTE.DE's 5.61% return.
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.23%
- YTD
- 0.27%
- 6M
- -0.11%
- 1Y
- -1.04%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
XCTE.DE
- 1D
- -0.90%
- 1M
- 1.62%
- YTD
- 5.61%
- 6M
- 4.97%
- 1Y
- 24.79%
- 3Y*
- 10.51%
- 5Y*
- —
- 10Y*
- —
XZWG.DE vs. XCTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 2.50% | -11.08% |
XCTE.DE Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C | 5.61% | 19.05% | 22.69% | -18.15% | -7.69% |
Correlation
The correlation between XZWG.DE and XCTE.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2022 | 0.01 |
The correlation between XZWG.DE and XCTE.DE shifts across timeframes, from 0.01 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XZWG.DE vs. XCTE.DE — Risk / Return Rank
XZWG.DE
XCTE.DE
XZWG.DE vs. XCTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) and Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.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.
| XZWG.DE | XCTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.21 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.10 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.97 | 1.90 | -2.87 |
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
| XZWG.DE | XCTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | 0.86 | -1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.12 | -0.76 |
Drawdowns
XZWG.DE vs. XCTE.DE - Drawdown Comparison
The maximum XZWG.DE drawdown since its inception was -20.85%, smaller than the maximum XCTE.DE drawdown of -48.80%. Use the drawdown chart below to compare losses from any high point for XZWG.DE and XCTE.DE.
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Drawdown Indicators
| XZWG.DE | XCTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -48.80% | +27.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -23.30% | +20.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -31.31% | +24.21% |
Current DrawdownCurrent decline from peak | -17.96% | -12.95% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -25.74% | +10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 13.53% | -12.12% |
Volatility
XZWG.DE vs. XCTE.DE - Volatility Comparison
The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) is 1.43%, while Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.DE) has a volatility of 7.28%. This indicates that XZWG.DE experiences smaller price fluctuations and is considered to be less risky than XCTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZWG.DE | XCTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 7.28% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 15.06% | -12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 29.97% | -26.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 30.37% | -23.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 30.37% | -23.69% |
XZWG.DE vs. XCTE.DE - Expense Ratio Comparison
XZWG.DE has a 0.20% expense ratio, which is lower than XCTE.DE's 0.44% expense ratio.
Dividends
XZWG.DE vs. XCTE.DE - Dividend Comparison
XZWG.DE's dividend yield for the trailing twelve months is around 2.58%, while XCTE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XCTE.DE Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% |
Frequently Asked Questions
XZWG.DE and XCTE.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZWG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZWG.DE is cheaper with a 0.20% expense ratio, compared with 0.44% for XCTE.DE.
XZWG.DE is categorized as Global Bonds, while XCTE.DE is Technology Equities. XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR, while XCTE.DE tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.20% for XZWG.DE and 0.44% for XCTE.DE.
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