BBLL.DE vs. XCS2.DE
BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - BBLL.DE tracks the ICE US Treasury 0-1 Year Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 5 years, BBLL.DE returned 4.11%/yr vs -1.92%/yr for XCS2.DE. At a correlation of -0.04, they often move in opposite directions. BBLL.DE charges 0.07%/yr vs 0.25%/yr for XCS2.DE.
Performance
BBLL.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBLL.DE achieves a 4.73% return, which is significantly lower than XCS2.DE's 8.80% return.
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 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%
BBLL.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.73% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.80% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 0.70% |
Correlation
The correlation between BBLL.DE and XCS2.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.04 |
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Return for Risk
BBLL.DE vs. XCS2.DE — Risk / Return Rank
BBLL.DE
XCS2.DE
BBLL.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| BBLL.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.21 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.76 | 7.24 | -3.49 |
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Drawdowns
BBLL.DE vs. XCS2.DE - Drawdown Comparison
The maximum BBLL.DE drawdown since its inception was -17.24%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for BBLL.DE and XCS2.DE.
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Drawdown Indicators
| BBLL.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -41.58% | +24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.56% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -12.00% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -22.36% | +10.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.58% | — |
Current DrawdownCurrent decline from peak | -5.34% | -32.75% | +27.41% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -25.77% | +17.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.40% | +0.03% |
Volatility
BBLL.DE vs. XCS2.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) is 1.57%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.74%. This indicates that BBLL.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
| BBLL.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 2.74% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 7.35% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 8.96% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 10.16% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 21.02% | -12.76% |
BBLL.DE vs. XCS2.DE - Expense Ratio Comparison
BBLL.DE has a 0.07% 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
BBLL.DE vs. XCS2.DE - Dividend Comparison
Neither BBLL.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
BBLL.DE and XCS2.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for XCS2.DE.
BBLL.DE tracks ICE US Treasury 0-1 Year Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.07% for BBLL.DE and 0.25% for XCS2.DE.
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