XBO2.DE vs. BBLL.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, XBO2.DE returned 1.71%/yr vs 4.14%/yr for BBLL.DE. At a correlation of -0.02, they often move in opposite directions. XBO2.DE charges 0.15%/yr vs 0.07%/yr for BBLL.DE.
Performance
XBO2.DE vs. BBLL.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 lower than BBLL.DE's 4.60% 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%
BBLL.DE
- 1D
- 0.10%
- 1M
- 1.78%
- 6M
- 4.43%
- YTD
- 4.60%
- 1Y
- 6.79%
- 3Y*
- 2.95%
- 5Y*
- 4.14%
- 10Y*
- —
XBO2.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | -0.16% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.60% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
Correlation
The correlation between XBO2.DE and BBLL.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.02 |
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Return for Risk
XBO2.DE vs. BBLL.DE — Risk / Return Rank
XBO2.DE
BBLL.DE
XBO2.DE vs. BBLL.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 JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.00 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.74 | -0.26 |
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Drawdowns
XBO2.DE vs. BBLL.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum BBLL.DE drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and BBLL.DE.
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Drawdown Indicators
| XBO2.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -17.24% | +13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -3.38% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -11.65% | +10.53% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -11.65% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -5.47% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -8.30% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.43% | -1.03% |
Volatility
XBO2.DE vs. BBLL.DE - Volatility Comparison
The current volatility for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is 1.10%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.69%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.69% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 4.30% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 6.06% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 7.45% | -6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 8.27% | -6.67% |
XBO2.DE vs. BBLL.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than BBLL.DE's 0.07% 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. BBLL.DE - Dividend Comparison
Neither XBO2.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
XBO2.DE and BBLL.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.15% for XBO2.DE and 0.07% for BBLL.DE.
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