XBO2.DE vs. XJSE.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XBO2.DE tracks the FTSE Eurozone BOT Index while XJSE.DE tracks the FTSE Japanese Government Bond Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.71%/yr vs -7.08%/yr for XJSE.DE. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
XBO2.DE vs. XJSE.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 higher than XJSE.DE's -5.80% return. Over the past 10 years, XBO2.DE has outperformed XJSE.DE with an annualized return of 0.71%, while XJSE.DE has yielded a comparatively lower -7.08% 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%
XJSE.DE
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -4.72%
- YTD
- -5.80%
- 1Y
- -13.84%
- 3Y*
- -11.74%
- 5Y*
- -11.57%
- 10Y*
- -7.08%
XBO2.DE vs. XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.65% | 5.55% | 7.74% | -8.68% |
Correlation
The correlation between XBO2.DE and XJSE.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2013 | 0.06 |
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Return for Risk
XBO2.DE vs. XJSE.DE — Risk / Return Rank
XBO2.DE
XJSE.DE
XBO2.DE vs. XJSE.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 Japan Government Bond UCITS ETF (Acc) (XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.76 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.86 | +2.39 |
| Martin ratioReturn relative to average drawdown | 4.21 | -1.35 | +5.56 |
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Drawdowns
XBO2.DE vs. XJSE.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum XJSE.DE drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and XJSE.DE.
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Drawdown Indicators
| XBO2.DE | XJSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -55.37% | +51.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -16.11% | +14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -32.71% | +31.59% |
Max Drawdown (5Y)Largest decline over 5 years | -1.31% | -47.64% | +46.33% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -54.16% | +50.39% |
Current DrawdownCurrent decline from peak | -0.58% | -54.83% | +54.25% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -20.34% | +19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 10.25% | -9.84% |
Volatility
XBO2.DE vs. XJSE.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 II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a volatility of 2.80%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.80% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 7.28% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 9.30% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 11.15% | -9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 9.88% | -8.24% |
XBO2.DE vs. XJSE.DE - Expense Ratio Comparison
Both XBO2.DE and XJSE.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XBO2.DE vs. XJSE.DE - Dividend Comparison
Neither XBO2.DE nor XJSE.DE has paid dividends to shareholders.
Frequently Asked Questions
XBO2.DE and XJSE.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XBO2.DE and XJSE.DE have the same expense ratio: 0.15% per year.
XBO2.DE tracks FTSE Eurozone BOT Index, while XJSE.DE tracks FTSE Japanese Government Bond Index.
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