XBO2.DE vs. EXHC.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.70%/yr vs -0.63%/yr for EXHC.DE. At a 0.12 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.16%/yr for EXHC.DE.
Performance
XBO2.DE vs. EXHC.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 EXHC.DE's 0.37% return. Over the past 10 years, XBO2.DE has outperformed EXHC.DE with an annualized return of 0.70%, while EXHC.DE has yielded a comparatively lower -0.63% annualized 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%
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
XBO2.DE vs. EXHC.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) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
Correlation
The correlation between XBO2.DE and EXHC.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.12 |
The correlation between XBO2.DE and EXHC.DE shifts across timeframes, from 0.12 (all time) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBO2.DE vs. EXHC.DE — Risk / Return Rank
XBO2.DE
EXHC.DE
XBO2.DE vs. EXHC.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 eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.03 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.19 | +1.40 |
| Martin ratioReturn relative to average drawdown | 4.48 | 0.46 | +4.02 |
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Drawdowns
XBO2.DE vs. EXHC.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum EXHC.DE drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and EXHC.DE.
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Drawdown Indicators
| XBO2.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -14.39% | +10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -2.06% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -2.33% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -12.55% | +11.21% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -14.39% | +10.62% |
Current DrawdownCurrent decline from peak | -0.52% | -6.78% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -2.90% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.87% | -0.47% |
Volatility
XBO2.DE vs. EXHC.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 eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that XBO2.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.52% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.06% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.39% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 3.59% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 2.76% | -1.16% |
XBO2.DE vs. EXHC.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is lower than EXHC.DE's 0.16% 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
XBO2.DE vs. EXHC.DE - Dividend Comparison
XBO2.DE has not paid dividends to shareholders, while EXHC.DE's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
XBO2.DE and EXHC.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBO2.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBO2.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHC.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XBO2.DE and 0.16% for EXHC.DE.
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