EXHC.DE vs. XBO2.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 10 years, EXHC.DE returned -0.68%/yr vs 0.71%/yr for XBO2.DE. At a 0.12 correlation, their price movements are largely independent. EXHC.DE charges 0.16%/yr vs 0.15%/yr for XBO2.DE.
Performance
EXHC.DE vs. XBO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.30% return, which is significantly lower than XBO2.DE's 0.65% return. Over the past 10 years, EXHC.DE has underperformed XBO2.DE with an annualized return of -0.68%, while XBO2.DE has yielded a comparatively higher 0.71% annualized return.
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
EXHC.DE vs. XBO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between EXHC.DE and XBO2.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.12 |
The correlation between EXHC.DE and XBO2.DE shifts across timeframes, from 0.12 (all time) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. XBO2.DE — Risk / Return Rank
EXHC.DE
XBO2.DE
EXHC.DE vs. XBO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) and Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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.
| EXHC.DE | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.54 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.32 | 4.21 | -4.53 |
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Drawdowns
EXHC.DE vs. XBO2.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and XBO2.DE.
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Drawdown Indicators
| EXHC.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -3.92% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -1.12% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -1.12% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -1.31% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | -3.77% | -10.62% |
Current DrawdownCurrent decline from peak | -7.40% | -0.58% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.71% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.41% | +0.49% |
Volatility
EXHC.DE vs. XBO2.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.66%, while Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a volatility of 1.48%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky than XBO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHC.DE | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.48% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.61% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 3.29% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 1.53% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 1.64% | +1.13% |
EXHC.DE vs. XBO2.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is higher than XBO2.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXHC.DE vs. XBO2.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, while XBO2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap 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
EXHC.DE and XBO2.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBO2.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBO2.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHC.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHC.DE and 0.15% for XBO2.DE.
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