EUN8.DE vs. XCS2.DE
EUN8.DE (iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - EUN8.DE tracks the Bloomberg Euro Government Bond 10-15 Year Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, EUN8.DE returned -0.58%/yr vs -0.09%/yr for XCS2.DE. At a 0.29 correlation, their price movements are largely independent. EUN8.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
EUN8.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN8.DE achieves a 0.99% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, EUN8.DE has underperformed XCS2.DE with an annualized return of -0.58%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
EUN8.DE
- 1D
- -0.30%
- 1M
- 1.03%
- 6M
- 1.59%
- YTD
- 0.99%
- 1Y
- 0.96%
- 3Y*
- 3.05%
- 5Y*
- -3.35%
- 10Y*
- -0.58%
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%
EUN8.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | 0.99% | 0.68% | 1.21% | 10.63% | -25.03% | -4.22% | 6.60% | 11.63% | 1.13% | 0.09% |
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 EUN8.DE and XCS2.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.29 |
Over the past year, EUN8.DE and XCS2.DE have become more correlated (0.51) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
EUN8.DE vs. XCS2.DE — Risk / Return Rank
EUN8.DE
XCS2.DE
EUN8.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.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.
| EUN8.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.01 | -1.83 |
| Martin ratioReturn relative to average drawdown | 0.45 | 6.68 | -6.22 |
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Drawdowns
EUN8.DE vs. XCS2.DE - Drawdown Comparison
The maximum EUN8.DE drawdown since its inception was -29.75%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for EUN8.DE and XCS2.DE.
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Drawdown Indicators
| EUN8.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -41.58% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -4.56% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -6.68% | -12.00% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -22.36% | -6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -29.75% | -41.58% | +11.83% |
Current DrawdownCurrent decline from peak | -18.61% | -32.78% | +14.17% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -25.75% | +17.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.37% | +0.74% |
Volatility
EUN8.DE vs. XCS2.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.DE) is 1.45%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that EUN8.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
| EUN8.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 | 5.52% | 7.40% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 8.80% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 10.13% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 21.02% | -12.73% |
EUN8.DE vs. XCS2.DE - Expense Ratio Comparison
EUN8.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
EUN8.DE vs. XCS2.DE - Dividend Comparison
EUN8.DE's dividend yield for the trailing twelve months is around 3.23%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | 3.23% | 3.14% | 2.95% | 2.09% | 0.52% | 0.31% | 0.58% | 1.20% | 1.26% | 1.13% | 1.26% | 0.75% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
EUN8.DE and XCS2.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN8.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN8.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
EUN8.DE tracks Bloomberg Euro Government Bond 10-15 Year Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for EUN8.DE and 0.25% for XCS2.DE.
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