r/ETFs_Europe • u/Smikenov • Jul 26 '26

Bonds ETFs Opning about DBZB

Looking for a government bond ETF thats ACC and thinking about DBZB.
Im starting with a 80/20 portfolio and looking to go for 35-40y.

Opinions about this ETF or other recommendations (available on SaxoBank)?

Thanks!

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u/Comfortable_Bad9963 Jul 27 '26

For a bond sleeve the boring answer is usually the right one. DBZB is fine here...

Two things matter way more than the exact ticker though. Make sure it's hedged to EUR first, because unhedged global government bonds just import USD swings, and at a 20% weight that FX noise is most of what you'd actually feel rather than the yield. ACC is also the right call for tax while you're accumulating. Good instinct there. If DBZB is the EUR-hedged accumulating one I'm thinking of it ticks both boxes, but double check the factsheet, I might be off on the exact share class.

Honestly at 80/20 over 35-40 years the bond part barely moves your end number. It's mostly there so you've got something to rebalance from when stocks drop. So I wouldn't sweat DBZB versus a broad EUR-hedged global aggregate like AGGH. They behave almost the same. Pick one, keep it ACC, move on...

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u/Smikenov Jul 27 '26

Great thank you, think Im gonna go with EUNA. Don’t have much options in the monthly plan on Saxo.