0NS.DE vs. XBO2.DE
0NS.DE (Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - 0NS.DE tracks the Bloomberg US Short Treasury Index (SGD Hedged) while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 3 years, 0NS.DE returned 3.21%/yr vs 3.45%/yr for XBO2.DE. A 0.65 correlation means they provide meaningful diversification when combined. 0NS.DE charges 0.08%/yr vs 0.15%/yr for XBO2.DE.
Performance
0NS.DE vs. XBO2.DE - Performance Comparison
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Different Trading Currencies
0NS.DE is traded in USD, while XBO2.DE is traded in EUR. To make them comparable, the XBO2.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0NS.DE achieves a -0.12% return, which is significantly higher than XBO2.DE's -2.01% return.
0NS.DE
- 1D
- -0.12%
- 1M
- -0.58%
- 6M
- 0.27%
- YTD
- -0.12%
- 1Y
- 0.71%
- 3Y*
- 3.21%
- 5Y*
- —
- 10Y*
- —
XBO2.DE
- 1D
- -0.04%
- 1M
- -0.41%
- 6M
- -0.54%
- YTD
- -2.01%
- 1Y
- 0.33%
- 3Y*
- 3.45%
- 5Y*
- 1.09%
- 10Y*
- 1.08%
0NS.DE vs. XBO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0NS.DE Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) | -0.12% | 7.50% | 0.72% | 4.96% | -24.78% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | -2.01% | 15.62% | -2.39% | 6.29% | -1.28% |
Correlation
The correlation between 0NS.DE and XBO2.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.65 |
The correlation between 0NS.DE and XBO2.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
0NS.DE vs. XBO2.DE — Risk / Return Rank
0NS.DE
XBO2.DE
0NS.DE vs. XBO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) (0NS.DE) and Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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.
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.
| 0NS.DE | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.07 | +0.22 |
| Martin ratioReturn relative to average drawdown | 0.58 | 0.14 | +0.44 |
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Drawdowns
0NS.DE vs. XBO2.DE - Drawdown Comparison
The maximum 0NS.DE drawdown since its inception was -30.48%, smaller than the maximum XBO2.DE drawdown of -32.95%. Use the drawdown chart below to compare losses from any high point for 0NS.DE and XBO2.DE.
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Drawdown Indicators
| 0NS.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -32.95% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -5.05% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.98% | -7.57% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.98% | — |
Current DrawdownCurrent decline from peak | -14.62% | -11.75% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -20.70% | -15.92% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.45% | -1.23% |
Volatility
0NS.DE vs. XBO2.DE - Volatility Comparison
The current volatility for Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) (0NS.DE) is 0.82%, while Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a volatility of 1.56%. This indicates that 0NS.DE experiences smaller price fluctuations and is considered to be less risky than XBO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0NS.DE | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.56% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 5.25% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 7.03% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 7.78% | +6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 7.43% | +6.86% |
0NS.DE vs. XBO2.DE - Expense Ratio Comparison
0NS.DE has a 0.08% expense ratio, which is lower than XBO2.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0NS.DE vs. XBO2.DE - Dividend Comparison
Neither 0NS.DE nor XBO2.DE has paid dividends to shareholders.
Frequently Asked Questions
0NS.DE and XBO2.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0NS.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0NS.DE is cheaper with a 0.08% expense ratio, compared with 0.15% for XBO2.DE.
0NS.DE tracks Bloomberg US Short Treasury Index (SGD Hedged), while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.08% for 0NS.DE and 0.15% for XBO2.DE.
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