XBO2.DE vs. D5BE.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) are both Government Bonds funds from Xtrackers - XBO2.DE tracks the FTSE Eurozone BOT Index while D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.71%/yr vs 1.38%/yr for D5BE.DE. At a 0.01 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.06%/yr for D5BE.DE.
Performance
XBO2.DE vs. D5BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBO2.DE achieves a 0.65% return, which is significantly lower than D5BE.DE's 3.69% return. Over the past 10 years, XBO2.DE has underperformed D5BE.DE with an annualized return of 0.71%, while D5BE.DE has yielded a comparatively higher 1.38% annualized return.
XBO2.DE
- 1D
- -0.58%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.79%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
D5BE.DE
- 1D
- 0.16%
- 1M
- 1.54%
- 6M
- 2.67%
- YTD
- 3.69%
- 1Y
- 4.81%
- 3Y*
- 3.65%
- 5Y*
- 2.59%
- 10Y*
- 1.38%
XBO2.DE vs. D5BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.69% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -6.19% | 6.04% | 6.14% | -11.86% |
Correlation
The correlation between XBO2.DE and D5BE.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.01 |
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Return for Risk
XBO2.DE vs. D5BE.DE — Risk / Return Rank
XBO2.DE
D5BE.DE
XBO2.DE vs. D5BE.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 Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.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 | D5BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.36 | +0.23 |
| Martin ratioReturn relative to average drawdown | 4.40 | 3.38 | +1.02 |
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Drawdowns
XBO2.DE vs. D5BE.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum D5BE.DE drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and D5BE.DE.
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Drawdown Indicators
| XBO2.DE | D5BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -20.28% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -3.52% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -10.97% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -1.31% | -12.50% | +11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -20.28% | +16.51% |
Current DrawdownCurrent decline from peak | -0.58% | -5.29% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -5.10% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.42% | -1.01% |
Volatility
XBO2.DE vs. D5BE.DE - Volatility Comparison
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a higher volatility of 1.48% compared to Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) at 1.35%. This indicates that XBO2.DE's price experiences larger fluctuations and is considered to be riskier than D5BE.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 | D5BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.35% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 3.83% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 5.50% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 7.16% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.65% | 8.95% | -7.30% |
XBO2.DE vs. D5BE.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than D5BE.DE's 0.06% 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. D5BE.DE - Dividend Comparison
XBO2.DE has not paid dividends to shareholders, while D5BE.DE's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBO2.DE and D5BE.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BE.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while D5BE.DE tracks iBoxx USD Treasuries 1-3 Index. Their fees differ too: 0.15% for XBO2.DE and 0.06% for D5BE.DE.
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