SNA2.DE vs. XCS2.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - SNA2.DE tracks the ICE US Treasury Core Bond while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 5 years, SNA2.DE returned -0.01%/yr vs -1.97%/yr for XCS2.DE. At a 0.21 correlation, their price movements are largely independent. SNA2.DE charges 0.07%/yr vs 0.25%/yr for XCS2.DE.
Performance
SNA2.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNA2.DE achieves a 2.85% return, which is significantly lower than XCS2.DE's 8.53% return.
SNA2.DE
- 1D
- 0.27%
- 1M
- 1.09%
- 6M
- 1.47%
- YTD
- 2.85%
- 1Y
- 4.94%
- 3Y*
- 2.28%
- 5Y*
- -0.01%
- 10Y*
- —
XCS2.DE
- 1D
- -0.03%
- 1M
- -0.78%
- 6M
- 6.96%
- YTD
- 8.53%
- 1Y
- 9.41%
- 3Y*
- 2.56%
- 5Y*
- -1.97%
- 10Y*
- -0.24%
SNA2.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 2.85% | -5.58% | 6.59% | 0.19% | -6.84% | 5.89% | -2.05% | -3.52% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.53% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | -0.58% |
Correlation
The correlation between SNA2.DE and XCS2.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2019 | 0.21 |
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Return for Risk
SNA2.DE vs. XCS2.DE — Risk / Return Rank
SNA2.DE
XCS2.DE
SNA2.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.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.
| SNA2.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.05 | -0.82 |
| Martin ratioReturn relative to average drawdown | 3.32 | 6.71 | -3.40 |
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Drawdowns
SNA2.DE vs. XCS2.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.34%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and XCS2.DE.
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Drawdown Indicators
| SNA2.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -41.58% | +24.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -4.56% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.09% | -12.00% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -22.36% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.58% | — |
Current DrawdownCurrent decline from peak | -11.32% | -32.91% | +21.59% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -25.77% | +15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.40% | +0.09% |
Volatility
SNA2.DE vs. XCS2.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) is 1.29%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.72%. This indicates that SNA2.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
| SNA2.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 2.72% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 7.34% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 8.96% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 10.16% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 21.02% | -12.95% |
SNA2.DE vs. XCS2.DE - Expense Ratio Comparison
SNA2.DE has a 0.07% 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
SNA2.DE vs. XCS2.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 4.02%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 4.02% | 4.21% | 3.82% | 3.27% | 1.45% | 0.85% | 1.52% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNA2.DE and XCS2.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNA2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNA2.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for XCS2.DE.
SNA2.DE tracks ICE US Treasury Core Bond, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for SNA2.DE and 0.25% for XCS2.DE.
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