XZWG.L vs. XDNS.L
XZWG.L (Xtrackers II ESG Global Government Bond UCITS ETF) and XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) are both exchange-traded funds - XZWG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg EUR, while XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 3 years, XZWG.L returned 2.54%/yr vs 17.52%/yr for XDNS.L. At a 0.26 correlation, their price movements are largely independent. XZWG.L charges 0.20%/yr vs 0.15%/yr for XDNS.L.
Performance
XZWG.L vs. XDNS.L - Performance Comparison
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Different Trading Currencies
XZWG.L is traded in USD, while XDNS.L is traded in GBp. To make them comparable, the XDNS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XZWG.L achieves a -0.93% return, which is significantly lower than XDNS.L's 15.20% return.
XZWG.L
- 1D
- 0.17%
- 1M
- -0.13%
- YTD
- -0.93%
- 6M
- -0.55%
- 1Y
- 0.34%
- 3Y*
- 2.54%
- 5Y*
- —
- 10Y*
- —
XDNS.L
- 1D
- -0.52%
- 1M
- 5.37%
- YTD
- 15.20%
- 6M
- 15.44%
- 1Y
- 31.16%
- 3Y*
- 17.52%
- 5Y*
- 8.23%
- 10Y*
- 8.88%
XZWG.L vs. XDNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XZWG.L Xtrackers II ESG Global Government Bond UCITS ETF | -0.93% | 7.85% | -4.18% | 6.19% | -21.45% | -0.83% |
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 15.20% | 25.00% | 8.60% | 17.21% | -17.32% | -0.94% |
Correlation
The correlation between XZWG.L and XDNS.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.26 |
The correlation between XZWG.L and XDNS.L shifts across timeframes, from 0.24 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XZWG.L vs. XDNS.L — Risk / Return Rank
XZWG.L
XDNS.L
XZWG.L vs. XDNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.L) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L). 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.L | XDNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.01 | -2.94 |
| Martin ratioReturn relative to average drawdown | 0.19 | 9.26 | -9.07 |
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.L | XDNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.82 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.47 | -0.90 |
Drawdowns
XZWG.L vs. XDNS.L - Drawdown Comparison
The maximum XZWG.L drawdown since its inception was -27.49%, smaller than the maximum XDNS.L drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for XZWG.L and XDNS.L.
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Drawdown Indicators
| XZWG.L | XDNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -33.26% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -12.98% | +8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -14.96% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.26% | — |
Current DrawdownCurrent decline from peak | -15.46% | -0.52% | -14.94% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -8.69% | -9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 4.34% | -2.54% |
Volatility
XZWG.L vs. XDNS.L - Volatility Comparison
The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.L) is 2.37%, while Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a volatility of 4.41%. This indicates that XZWG.L experiences smaller price fluctuations and is considered to be less risky than XDNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZWG.L | XDNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 4.41% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 15.97% | -11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 21.50% | -15.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 20.08% | -11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.63% | 18.43% | -9.80% |
XZWG.L vs. XDNS.L - Expense Ratio Comparison
XZWG.L has a 0.20% expense ratio, which is higher than XDNS.L's 0.15% 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
XZWG.L vs. XDNS.L - Dividend Comparison
XZWG.L's dividend yield for the trailing twelve months is around 2.59%, more than XDNS.L's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 1.43% | 1.63% | 1.65% | 1.81% | 2.83% | 1.46% | 1.79% | 1.77% | 1.20% | 1.97% | 0.64% |
XZWG.L Xtrackers II ESG Global Government Bond UCITS ETF | 2.59% | 2.42% | 2.65% | 1.69% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZWG.L and XDNS.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.20% for XZWG.L.
XZWG.L is categorized as Global Bonds, while XDNS.L is Japan Equities. XZWG.L tracks Bloomberg Global Aggregate TR Hdg EUR, while XDNS.L tracks TOPIX TR JPY. Their fees differ too: 0.20% for XZWG.L and 0.15% for XDNS.L.
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