DBXG.DE vs. XCS2.DE
DBXG.DE (Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - DBXG.DE tracks the iBoxx EUR Eurozone 25+ Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, DBXG.DE returned -3.94%/yr vs -0.09%/yr for XCS2.DE. At a 0.28 correlation, their price movements are largely independent. DBXG.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
DBXG.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXG.DE achieves a 1.36% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, DBXG.DE has underperformed XCS2.DE with an annualized return of -3.94%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
DBXG.DE
- 1D
- -0.30%
- 1M
- 0.94%
- 6M
- 2.61%
- YTD
- 1.36%
- 1Y
- -3.17%
- 3Y*
- -1.97%
- 5Y*
- -10.45%
- 10Y*
- -3.94%
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%
DBXG.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXG.DE Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) | 1.36% | -9.41% | -3.96% | 9.47% | -40.42% | -9.69% | 16.29% | 21.12% | 4.90% | -2.36% |
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 DBXG.DE and XCS2.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.28 |
The correlation between DBXG.DE and XCS2.DE shifts across timeframes, from 0.28 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBXG.DE vs. XCS2.DE — Risk / Return Rank
DBXG.DE
XCS2.DE
DBXG.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.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.
| DBXG.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.19 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.01 | -2.47 |
| Martin ratioReturn relative to average drawdown | -0.90 | 6.68 | -7.57 |
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Drawdowns
DBXG.DE vs. XCS2.DE - Drawdown Comparison
The maximum DBXG.DE drawdown since its inception was -53.51%, which is greater than XCS2.DE's maximum drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for DBXG.DE and XCS2.DE.
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Drawdown Indicators
| DBXG.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.51% | -41.58% | -11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -4.56% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -12.00% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -51.05% | -22.36% | -28.69% |
Max Drawdown (10Y)Largest decline over 10 years | -53.51% | -41.58% | -11.93% |
Current DrawdownCurrent decline from peak | -48.73% | -32.78% | -15.95% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -25.75% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 1.37% | +2.05% |
Volatility
DBXG.DE vs. XCS2.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) has a higher volatility of 2.60% compared to Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) at 2.20%. This indicates that DBXG.DE's price experiences larger fluctuations and is considered to be riskier 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
| DBXG.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.20% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 7.40% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.03% | 8.80% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 10.13% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 21.02% | -5.85% |
DBXG.DE vs. XCS2.DE - Expense Ratio Comparison
DBXG.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
DBXG.DE vs. XCS2.DE - Dividend Comparison
Neither DBXG.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXG.DE and XCS2.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXG.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
DBXG.DE tracks iBoxx EUR Eurozone 25+ Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.15% for DBXG.DE and 0.25% for XCS2.DE.
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