IS05.DE vs. XCS2.DE
IS05.DE (iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - IS05.DE tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, IS05.DE returned -4.35%/yr vs -0.09%/yr for XCS2.DE. At a 0.30 correlation, their price movements are largely independent. IS05.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
IS05.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS05.DE achieves a 1.47% return, which is significantly lower than XCS2.DE's 8.74% return. Over the past 10 years, IS05.DE has underperformed XCS2.DE with an annualized return of -4.35%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
IS05.DE
- 1D
- -0.31%
- 1M
- 1.16%
- 6M
- 2.43%
- YTD
- 1.47%
- 1Y
- -4.25%
- 3Y*
- -2.92%
- 5Y*
- -9.93%
- 10Y*
- -4.35%
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%
IS05.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | 1.47% | -10.87% | -5.27% | 8.12% | -36.40% | -8.01% | 10.93% | 19.50% | 0.75% | -1.71% |
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 IS05.DE and XCS2.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2015 | 0.30 |
The correlation between IS05.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
IS05.DE vs. XCS2.DE — Risk / Return Rank
IS05.DE
XCS2.DE
IS05.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) (IS05.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.
| IS05.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.19 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.01 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.04 | 6.68 | -7.72 |
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Drawdowns
IS05.DE vs. XCS2.DE - Drawdown Comparison
The maximum IS05.DE drawdown since its inception was -49.20%, 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 IS05.DE and XCS2.DE.
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Drawdown Indicators
| IS05.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.20% | -41.58% | -7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -4.56% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -12.00% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -46.31% | -22.36% | -23.95% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | -41.58% | -7.62% |
Current DrawdownCurrent decline from peak | -47.01% | -32.78% | -14.23% |
Average DrawdownAverage peak-to-trough decline | -21.75% | -25.75% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 1.37% | +2.39% |
Volatility
IS05.DE vs. XCS2.DE - Volatility Comparison
iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) (IS05.DE) has a higher volatility of 2.71% compared to Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) at 2.20%. This indicates that IS05.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
| IS05.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 2.20% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 7.40% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 8.80% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 10.13% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 21.02% | -5.55% |
IS05.DE vs. XCS2.DE - Expense Ratio Comparison
IS05.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
IS05.DE vs. XCS2.DE - Dividend Comparison
IS05.DE's dividend yield for the trailing twelve months is around 3.54%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | 3.54% | 3.45% | 2.94% | 2.10% | 0.91% | 0.22% | 0.29% | 0.75% | 1.14% | 1.04% | 1.00% | 1.03% |
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
IS05.DE and XCS2.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS05.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS05.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
IS05.DE tracks Markit iBoxx EUR Eurozone 20yr Target Duration 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 IS05.DE and 0.25% for XCS2.DE.
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