VX6F.DE vs. XCS2.DE
VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 5 years, VX6F.DE returned -2.74%/yr vs -1.92%/yr for XCS2.DE. At a 0.42 correlation, their price movements are largely independent. VX6F.DE charges 0.05%/yr vs 0.25%/yr for XCS2.DE.
Performance
VX6F.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VX6F.DE achieves a 0.77% return, which is significantly lower than XCS2.DE's 8.80% return.
VX6F.DE
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- -0.99%
- YTD
- 0.77%
- 1Y
- 3.78%
- 3Y*
- 2.65%
- 5Y*
- -2.74%
- 10Y*
- —
XCS2.DE
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 7.57%
- YTD
- 8.80%
- 1Y
- 10.13%
- 3Y*
- 2.65%
- 5Y*
- -1.92%
- 10Y*
- -0.29%
VX6F.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.77% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.30% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.80% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 5.41% |
Correlation
The correlation between VX6F.DE and XCS2.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.42 |
The correlation between VX6F.DE and XCS2.DE shifts across timeframes, from 0.42 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VX6F.DE vs. XCS2.DE — Risk / Return Rank
VX6F.DE
XCS2.DE
VX6F.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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.
| VX6F.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.21 | -1.50 |
| Martin ratioReturn relative to average drawdown | 2.18 | 7.24 | -5.06 |
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Drawdowns
VX6F.DE vs. XCS2.DE - Drawdown Comparison
The maximum VX6F.DE drawdown since its inception was -38.93%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for VX6F.DE and XCS2.DE.
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Drawdown Indicators
| VX6F.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -41.58% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | -4.56% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -9.02% | -12.00% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -36.83% | -22.36% | -14.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.58% | — |
Current DrawdownCurrent decline from peak | -18.84% | -32.75% | +13.91% |
Average DrawdownAverage peak-to-trough decline | -14.84% | -25.77% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.40% | +0.34% |
Volatility
VX6F.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) is 1.99%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.74%. This indicates that VX6F.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
| VX6F.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.74% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 7.35% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 8.96% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 10.16% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.04% | 21.02% | -8.98% |
VX6F.DE vs. XCS2.DE - Expense Ratio Comparison
VX6F.DE has a 0.05% 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
VX6F.DE vs. XCS2.DE - Dividend Comparison
Neither VX6F.DE nor XCS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.37% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
VX6F.DE and XCS2.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VX6F.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for XCS2.DE.
VX6F.DE tracks Bloomberg Sterling Gilt Float Adjusted Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for VX6F.DE and 0.25% for XCS2.DE.
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