DBXF.DE vs. XCS2.DE
DBXF.DE (Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - DBXF.DE tracks the iBoxx EUR Eurozone 15-30 Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, DBXF.DE returned -2.52%/yr vs -0.09%/yr for XCS2.DE. At a 0.28 correlation, their price movements are largely independent. DBXF.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
DBXF.DE vs. XCS2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBXF.DE achieves a 1.17% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, DBXF.DE has underperformed XCS2.DE with an annualized return of -2.52%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
DBXF.DE
- 1D
- -0.34%
- 1M
- 1.05%
- 6M
- 1.91%
- YTD
- 1.17%
- 1Y
- -1.77%
- 3Y*
- 0.32%
- 5Y*
- -7.27%
- 10Y*
- -2.52%
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%
DBXF.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXF.DE Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) | 1.17% | -5.38% | -0.73% | 9.69% | -34.17% | -6.47% | 11.63% | 15.76% | 3.26% | -1.52% |
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 DBXF.DE and XCS2.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.28 |
The correlation between DBXF.DE and XCS2.DE shifts across timeframes, from 0.28 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBXF.DE vs. XCS2.DE — Risk / Return Rank
DBXF.DE
XCS2.DE
DBXF.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.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.
| DBXF.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.01 | -2.30 |
| Martin ratioReturn relative to average drawdown | -0.61 | 6.68 | -7.28 |
Loading charts...
Drawdowns
DBXF.DE vs. XCS2.DE - Drawdown Comparison
The maximum DBXF.DE drawdown since its inception was -43.47%, roughly equal to the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for DBXF.DE and XCS2.DE.
Loading charts...
Drawdown Indicators
| DBXF.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.47% | -41.58% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -4.56% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -11.81% | -12.00% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -41.93% | -22.36% | -19.57% |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | -41.58% | -1.89% |
Current DrawdownCurrent decline from peak | -36.34% | -32.78% | -3.56% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -25.75% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.37% | +1.50% |
Volatility
DBXF.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.DE) is 2.05%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that DBXF.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.
Loading charts...
Volatility by Period
| DBXF.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.20% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.40% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.23% | 8.80% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 10.13% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.47% | 21.02% | -9.55% |
DBXF.DE vs. XCS2.DE - Expense Ratio Comparison
DBXF.DE has a 0.15% 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
DBXF.DE vs. XCS2.DE - Dividend Comparison
Neither DBXF.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXF.DE and XCS2.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXF.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
DBXF.DE tracks iBoxx EUR Eurozone 15-30 Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.15% for DBXF.DE and 0.25% for XCS2.DE.
Find the right allocation for DBXF.DE and XCS2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer