XBO2.DE vs. VX6F.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, XBO2.DE returned 1.73%/yr vs -2.60%/yr for VX6F.DE. At a 0.18 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.05%/yr for VX6F.DE.
Performance
XBO2.DE vs. VX6F.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 VX6F.DE's 1.47% return.
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
VX6F.DE
- 1D
- 0.00%
- 1M
- 0.80%
- 6M
- 0.07%
- YTD
- 1.47%
- 1Y
- 4.31%
- 3Y*
- 2.69%
- 5Y*
- -2.60%
- 10Y*
- —
XBO2.DE vs. VX6F.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) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | -0.13% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 1.47% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.30% |
Correlation
The correlation between XBO2.DE and VX6F.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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.18 |
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Return for Risk
XBO2.DE vs. VX6F.DE — Risk / Return Rank
XBO2.DE
VX6F.DE
XBO2.DE vs. VX6F.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 Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.81 | +0.73 |
| Martin ratioReturn relative to average drawdown | 4.21 | 2.49 | +1.72 |
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Drawdowns
XBO2.DE vs. VX6F.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and VX6F.DE.
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Drawdown Indicators
| XBO2.DE | VX6F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -38.93% | +35.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -5.35% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -9.02% | +7.90% |
Max Drawdown (5Y)Largest decline over 5 years | -1.31% | -36.83% | +35.52% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -18.27% | +17.69% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -14.85% | +14.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.74% | -1.33% |
Volatility
XBO2.DE vs. VX6F.DE - Volatility Comparison
The current volatility for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is 1.48%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 2.26%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.26% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 6.34% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 7.89% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 12.95% | -11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 12.04% | -10.40% |
XBO2.DE vs. VX6F.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than VX6F.DE's 0.05% 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. VX6F.DE - Dividend Comparison
Neither XBO2.DE nor VX6F.DE has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.37% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
XBO2.DE and VX6F.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, 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 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while VX6F.DE tracks Bloomberg Sterling Gilt Float Adjusted Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.15% for XBO2.DE and 0.05% for VX6F.DE.
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