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The difference is quite big. The Transylvanian Saxons are the much older German population of the Carpathian Basin, and they are the descendants of the first German settlers into Transylvania beginning with the 11th century, while the largest part have settled in the 13th-14th centuries. They weren't necessarily of Saxon origin, but from many places of Germany, only in Hungary they became known as Saxons. In the Reformation era all of them have left the Catholic Church and became Lutherans. Their homeland within Transylvania was in the Southern parts, just at the border with Wallachia. The Danube Swabians on the other hand came much later, beginning with the 18th century, when Southern Hungary was liberated from the Ottoman occupation, and the Habsburg official policy was to Germanize these low-populated lands. They came from mostly Catholic regions of Germany, because Habsburgs were strongly devoted to the Catholic Church, but not only from Swabia, but from all over West Germany and East France (German populated arias). They also got to be generally known as Danube Swabians in Hungary even if just like Transylvanian Saxons, they are not real Swabians. I also have Danube Swabian ancestry from a great-grandmother.
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