XBO2.DE vs. XCS2.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XBO2.DE tracks the FTSE Eurozone BOT Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.70%/yr vs -0.09%/yr for XCS2.DE. At a 0.07 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
XBO2.DE vs. XCS2.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 XCS2.DE's 8.74% return. Over the past 10 years, XBO2.DE has outperformed XCS2.DE with an annualized return of 0.70%, while XCS2.DE has yielded a comparatively lower -0.09% 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%
XCS2.DE
- 1D
- 0.64%
- 1M
- 0.17%
- 6M
- 8.57%
- YTD
- 8.74%
- 1Y
- 9.20%
- 3Y*
- 2.45%
- 5Y*
- -1.91%
- 10Y*
- -0.09%
XBO2.DE vs. XCS2.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% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between XBO2.DE and XCS2.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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.07 |
The correlation between XBO2.DE and XCS2.DE shifts across timeframes, from 0.04 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBO2.DE vs. XCS2.DE — Risk / Return Rank
XBO2.DE
XCS2.DE
XBO2.DE vs. XCS2.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 Australia Government Bond UCITS ETF (Acc) (XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.01 | -0.42 |
| Martin ratioReturn relative to average drawdown | 4.48 | 6.68 | -2.20 |
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Drawdowns
XBO2.DE vs. XCS2.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and XCS2.DE.
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Drawdown Indicators
| XBO2.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -41.58% | +37.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -4.56% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -12.00% | +10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -22.36% | +21.02% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -41.58% | +37.81% |
Current DrawdownCurrent decline from peak | -0.52% | -32.78% | +32.26% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -25.75% | +25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.37% | -0.97% |
Volatility
XBO2.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is 1.10%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.20% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 7.40% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 8.80% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 10.13% | -8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 21.02% | -19.42% |
XBO2.DE vs. XCS2.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is lower than XCS2.DE's 0.25% 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. XCS2.DE - Dividend Comparison
Neither XBO2.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
XBO2.DE and XCS2.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, 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 0.25% for XCS2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.15% for XBO2.DE and 0.25% for XCS2.DE.
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