- ISIN
- LU0613540268
- Issuer
- Xtrackers
- Inception Date
- Jan 12, 2012
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Eurozone BOT Index
- Domicile
- Luxembourg
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
XBO2.DE Performance Chart
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is up 0.6% since the beginning of the year. XBO2.DE is currently trading at €34 per share. Investors who bought €1,000 worth of XBO2.DE shares 5 years ago would now be looking at an investment worth €1,088.
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Returns By Period
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has returned 0.62% so far this year and 1.79% over the past 12 months. Over the last ten years, XBO2.DE has returned 0.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)
- 1D
- 0.03%
- 1M
- 0.21%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 1.79%
- 3Y*
- 2.85%
- 5Y*
- 1.71%
- 10Y*
- 0.70%
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
XBO2.DE Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 2012, XBO2.DE's average daily return is 0.00%, while the average monthly return is +0.06%. At this rate, an investment would double in approximately 96.3 years.
Historically, 52% of months were positive and 48% were negative. The best month was Feb 2026 with a return of +0.8%, while the worst month was Mar 2026 at -0.6%. The longest winning streak lasted 39 consecutive months, and the longest losing streak was 25 months.
On a daily basis, XBO2.DE closed higher 23% of trading days. The best single day was Mar 23, 2020 with a return of +1.8%, while the worst single day was Mar 24, 2020 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.12% | 0.77% | -0.62% | 0.21% | 0.18% | 0.18% | 0.03% | 0.62% | |||||
| 2025 | 0.21% | 0.21% | 0.21% | 0.42% | 0.03% | 0.12% | 0.15% | 0.15% | 0.12% | 0.18% | 0.15% | 0.44% | 2.42% |
| 2024 | 0.22% | 0.22% | 0.31% | 0.28% | 0.34% | 0.25% | 0.40% | 0.31% | 0.34% | 0.24% | 0.36% | 0.21% | 3.53% |
| 2023 | 0.10% | 0.06% | 0.35% | 0.13% | 0.22% | 0.16% | 0.26% | 0.38% | 0.16% | 0.38% | 0.41% | 0.38% | 3.03% |
| 2022 | -0.06% | -0.06% | -0.06% | -0.10% | -0.10% | -0.06% | -0.10% | -0.16% | -0.19% | 0.06% | 0.10% | 0.10% | -0.64% |
| 2021 | -0.06% | -0.06% | -0.03% | -0.03% | -0.06% | -0.03% | -0.06% | -0.03% | -0.06% | -0.06% | -0.03% | -0.06% | -0.60% |
Benchmark Metrics
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) has an annualized alpha of 0.77%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 12, 2012.
- This ETF captured 1.69% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.45%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.77%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 1.69%
- Downside Capture
- -1.45%
Expense Ratio
XBO2.DE has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
XBO2.DE ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XBO2.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.18 | -1.59 |
| Martin ratioReturn relative to average drawdown | 4.48 | 11.76 | -7.28 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) was 3.92%, occurring on Mar 18, 2020. Recovery took 948 trading sessions.
The current Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) drawdown is 0.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -3.92%Mar 2020 | 4y 10mo | 3y 8mo | 8y 6moMay 2015 - Dec 2023 |
2025 pullback2025 | -1.12%Dec 2025 | 27d | 2mo 26d | 3mo 23dNov 2025 - Feb 2026 |
2026 pullback2026 | -1.08%May 2026 | 26d | 1mo 12d | 2mo 8dApr 2026 - Jun 2026 |
2026 pullback2026 | -0.70%Mar 2026 | 7d | 1mo | 1mo 7dMar 2026 - Apr 2026 |
2026 pullback2026 | -0.62%Apr 2026 | 1d | 5d | 6dApr 2026 - Apr 2026 |
Drawdown Indicators
| XBO2.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -51.62% | +47.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -7.57% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -23.99% | +22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -23.99% | +22.65% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -33.42% | +29.65% |
Current DrawdownCurrent decline from peak | -0.52% | -0.43% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -9.08% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.04% | -1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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