XBO2.DE vs. XDEW.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XBO2.DE is a Government Bonds fund tracking the FTSE Eurozone BOT Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.71%/yr vs 11.04%/yr for XDEW.DE. At a 0.02 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.20%/yr for XDEW.DE.
Performance
XBO2.DE vs. XDEW.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 XDEW.DE's 14.50% return. Over the past 10 years, XBO2.DE has underperformed XDEW.DE with an annualized return of 0.71%, while XDEW.DE has yielded a comparatively higher 11.04% annualized 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%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
XBO2.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XBO2.DE and XDEW.DE is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.02 |
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Return for Risk
XBO2.DE vs. XDEW.DE — Risk / Return Rank
XBO2.DE
XDEW.DE
XBO2.DE vs. XDEW.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 S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.91 | -2.37 |
| Martin ratioReturn relative to average drawdown | 4.21 | 12.05 | -7.84 |
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Drawdowns
XBO2.DE vs. XDEW.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and XDEW.DE.
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Drawdown Indicators
| XBO2.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -38.79% | +34.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -5.06% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -22.70% | +21.58% |
Max Drawdown (5Y)Largest decline over 5 years | -1.31% | -22.70% | +21.39% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -38.79% | +35.02% |
Current DrawdownCurrent decline from peak | -0.58% | -0.61% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -5.33% | +4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.65% | -1.24% |
Volatility
XBO2.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is 1.48%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.81% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 6.82% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 10.43% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 14.90% | -13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 16.80% | -15.16% |
XBO2.DE vs. XDEW.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is lower than XDEW.DE's 0.20% 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. XDEW.DE - Dividend Comparison
Neither XBO2.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XBO2.DE and XDEW.DE have a correlation of 0.03, 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 0.20% for XDEW.DE.
XBO2.DE is categorized as Government Bonds, while XDEW.DE is S&P 500. XBO2.DE tracks FTSE Eurozone BOT Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.15% for XBO2.DE and 0.20% for XDEW.DE.
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