SPPX.DE vs. XCS2.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, SPPX.DE returned -1.99%/yr vs -0.24%/yr for XCS2.DE. At a 0.33 correlation, their price movements are largely independent. SPPX.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
SPPX.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPX.DE achieves a 1.79% return, which is significantly lower than XCS2.DE's 8.53% return. Over the past 10 years, SPPX.DE has underperformed XCS2.DE with an annualized return of -1.99%, while XCS2.DE has yielded a comparatively higher -0.24% annualized return.
SPPX.DE
- 1D
- 0.72%
- 1M
- -0.27%
- 6M
- 0.03%
- YTD
- 1.79%
- 1Y
- 5.61%
- 3Y*
- -1.45%
- 5Y*
- -5.80%
- 10Y*
- -1.99%
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%
SPPX.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 1.79% | -6.02% | -0.97% | -0.77% | -24.28% | 3.04% | 6.12% | 17.93% | 2.67% | -4.61% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.53% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between SPPX.DE and XCS2.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.33 |
The correlation between SPPX.DE and XCS2.DE shifts across timeframes, from 0.33 (1 year) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. XCS2.DE — Risk / Return Rank
SPPX.DE
XCS2.DE
SPPX.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.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.
| SPPX.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.05 | -1.17 |
| Martin ratioReturn relative to average drawdown | 1.88 | 6.71 | -4.83 |
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Drawdowns
SPPX.DE vs. XCS2.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.59%, 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 SPPX.DE and XCS2.DE.
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Drawdown Indicators
| SPPX.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -41.58% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -4.56% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -12.00% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -36.55% | -22.36% | -14.19% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -41.58% | -3.01% |
Current DrawdownCurrent decline from peak | -40.31% | -32.91% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -25.77% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.40% | +1.58% |
Volatility
SPPX.DE vs. XCS2.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.72%. This indicates that SPPX.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
| SPPX.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.72% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 7.34% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 8.96% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 10.16% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 21.02% | -4.59% |
SPPX.DE vs. XCS2.DE - Expense Ratio Comparison
SPPX.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
SPPX.DE vs. XCS2.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.56%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.56% | 4.77% | 4.08% | 3.14% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
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% |
Frequently Asked Questions
SPPX.DE and XCS2.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for SPPX.DE and 0.25% for XCS2.DE.
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