EXHC.DE vs. XCS2.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, EXHC.DE returned -0.63%/yr vs -0.09%/yr for XCS2.DE. At a 0.30 correlation, their price movements are largely independent. EXHC.DE charges 0.16%/yr vs 0.25%/yr for XCS2.DE.
Performance
EXHC.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a 0.37% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, EXHC.DE has underperformed XCS2.DE with an annualized return of -0.63%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
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%
EXHC.DE vs. XCS2.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) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
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 EXHC.DE and XCS2.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.30 |
The correlation between EXHC.DE and XCS2.DE shifts across timeframes, from 0.30 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. XCS2.DE — Risk / Return Rank
EXHC.DE
XCS2.DE
EXHC.DE vs. XCS2.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 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.
| EXHC.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| 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 | 0.19 | 2.01 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.46 | 6.68 | -6.22 |
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Drawdowns
EXHC.DE vs. XCS2.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and XCS2.DE.
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Drawdown Indicators
| EXHC.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -41.58% | +27.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -4.56% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -12.00% | +9.67% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -22.36% | +9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | -41.58% | +27.19% |
Current DrawdownCurrent decline from peak | -6.78% | -32.78% | +26.00% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -25.75% | +22.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.37% | -0.50% |
Volatility
EXHC.DE vs. XCS2.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.52%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that EXHC.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
| EXHC.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 2.20% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 7.40% | -5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 8.80% | -6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 10.13% | -6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 21.02% | -18.26% |
EXHC.DE vs. XCS2.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% 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
EXHC.DE vs. XCS2.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.40%, while XCS2.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) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
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
EXHC.DE and XCS2.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHC.DE is cheaper with a 0.16% expense ratio, compared with 0.25% for XCS2.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.16% for EXHC.DE and 0.25% for XCS2.DE.
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