XBO2.DE vs. 2B7S.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, XBO2.DE returned 1.71%/yr vs 0.04%/yr for 2B7S.DE. At a 0.25 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.10%/yr for 2B7S.DE.
Performance
XBO2.DE vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBO2.DE achieves a 0.62% return, which is significantly higher than 2B7S.DE's -0.20% return.
XBO2.DE
- 1D
- 0.03%
- 1M
- 0.21%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 1.79%
- 3Y*
- 2.85%
- 5Y*
- 1.71%
- 10Y*
- 0.70%
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.48%
- 5Y*
- 0.04%
- 10Y*
- —
XBO2.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.45% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
Correlation
The correlation between XBO2.DE and 2B7S.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.25 |
The correlation between XBO2.DE and 2B7S.DE shifts across timeframes, from 0.14 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBO2.DE vs. 2B7S.DE — Risk / Return Rank
XBO2.DE
2B7S.DE
XBO2.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| XBO2.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.22 | +0.38 |
| Martin ratioReturn relative to average drawdown | 4.48 | 3.01 | +1.47 |
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Drawdowns
XBO2.DE vs. 2B7S.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum 2B7S.DE drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and 2B7S.DE.
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Drawdown Indicators
| XBO2.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -7.68% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.98% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -1.03% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -7.50% | +6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.59% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -3.25% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.40% | 0.00% |
Volatility
XBO2.DE vs. 2B7S.DE - Volatility Comparison
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a higher volatility of 1.10% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.57%. This indicates that XBO2.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBO2.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.57% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 1.99% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.50% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 2.51% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 2.45% | -0.85% |
XBO2.DE vs. 2B7S.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than 2B7S.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBO2.DE vs. 2B7S.DE - Dividend Comparison
Neither XBO2.DE nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
XBO2.DE and 2B7S.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XBO2.DE and 0.10% for 2B7S.DE.
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