2B7S.DE vs. XCS2.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 5 years, 2B7S.DE returned 0.04%/yr vs -1.92%/yr for XCS2.DE. At a 0.36 correlation, their price movements are largely independent. 2B7S.DE charges 0.10%/yr vs 0.25%/yr for XCS2.DE.
Performance
2B7S.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than XCS2.DE's 8.80% return.
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.40%
- 3Y*
- 2.34%
- 5Y*
- 0.04%
- 10Y*
- —
XCS2.DE
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 7.57%
- YTD
- 8.80%
- 1Y
- 10.13%
- 3Y*
- 2.65%
- 5Y*
- -1.92%
- 10Y*
- -0.29%
2B7S.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.80% | -2.17% | -1.70% | 0.78% | -13.88% | 0.32% |
Correlation
The correlation between 2B7S.DE and XCS2.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.36 |
The correlation between 2B7S.DE and XCS2.DE shifts across timeframes, from 0.22 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
2B7S.DE vs. XCS2.DE — Risk / Return Rank
2B7S.DE
XCS2.DE
2B7S.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.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.
| 2B7S.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.21 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.37 | 7.24 | -3.87 |
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Drawdowns
2B7S.DE vs. XCS2.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and XCS2.DE.
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Drawdown Indicators
| 2B7S.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -41.58% | +33.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -4.56% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -12.00% | +10.97% |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | -22.36% | +14.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.58% | — |
Current DrawdownCurrent decline from peak | -0.59% | -32.75% | +32.16% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -25.77% | +22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.40% | -0.99% |
Volatility
2B7S.DE vs. XCS2.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.57%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.74%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.74% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 7.35% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 8.96% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 10.16% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 21.02% | -18.57% |
2B7S.DE vs. XCS2.DE - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than XCS2.DE's 0.25% 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
2B7S.DE vs. XCS2.DE - Dividend Comparison
Neither 2B7S.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
2B7S.DE and XCS2.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XCS2.DE.
2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for 2B7S.DE and 0.25% for XCS2.DE.
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