D5BE.DE vs. XCS2.DE
D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, D5BE.DE returned 1.45%/yr vs -0.09%/yr for XCS2.DE. At a 0.10 correlation, their price movements are largely independent. D5BE.DE charges 0.06%/yr vs 0.25%/yr for XCS2.DE.
Performance
D5BE.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BE.DE achieves a 3.59% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, D5BE.DE has outperformed XCS2.DE with an annualized return of 1.45%, while XCS2.DE has yielded a comparatively lower -0.09% annualized return.
D5BE.DE
- 1D
- 0.08%
- 1M
- 1.73%
- 6M
- 3.42%
- YTD
- 3.59%
- 1Y
- 6.13%
- 3Y*
- 2.70%
- 5Y*
- 2.64%
- 10Y*
- 1.45%
XCS2.DE
- 1D
- 0.64%
- 1M
- 0.17%
- 6M
- 8.57%
- YTD
- 8.74%
- 1Y
- 9.20%
- 3Y*
- 2.45%
- 5Y*
- -1.91%
- 10Y*
- -0.09%
D5BE.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.59% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -6.19% | 6.04% | 6.14% | -11.86% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between D5BE.DE and XCS2.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.10 |
The correlation between D5BE.DE and XCS2.DE shifts across timeframes, from -0.03 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
D5BE.DE vs. XCS2.DE — Risk / Return Rank
D5BE.DE
XCS2.DE
D5BE.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.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.
| D5BE.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.01 | -0.27 |
| Martin ratioReturn relative to average drawdown | 4.31 | 6.68 | -2.36 |
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Drawdowns
D5BE.DE vs. XCS2.DE - Drawdown Comparison
The maximum D5BE.DE drawdown since its inception was -20.28%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for D5BE.DE and XCS2.DE.
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Drawdown Indicators
| D5BE.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -41.58% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -4.56% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -12.00% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -12.50% | -22.36% | +9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -20.28% | -41.58% | +21.30% |
Current DrawdownCurrent decline from peak | -5.38% | -32.78% | +27.40% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -25.75% | +20.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.37% | +0.05% |
Volatility
D5BE.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) is 1.45%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that D5BE.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
| D5BE.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.20% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 7.40% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 8.80% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 10.13% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 21.02% | -12.06% |
D5BE.DE vs. XCS2.DE - Expense Ratio Comparison
D5BE.DE has a 0.06% 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
D5BE.DE vs. XCS2.DE - Dividend Comparison
D5BE.DE's dividend yield for the trailing twelve months is around 2.76%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
D5BE.DE and XCS2.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BE.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE is cheaper with a 0.06% expense ratio, compared with 0.25% for XCS2.DE.
D5BE.DE tracks iBoxx USD Treasuries 1-3 Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.06% for D5BE.DE and 0.25% for XCS2.DE.
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