XCS2.DE vs. 18M1.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and 18M1.DE (Amundi Euro Government Bond 0-6 M UCITS ETF (Acc)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while 18M1.DE tracks the FTSE Eurozone Government Bill 0-6 Month Capped Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 0.52%/yr for 18M1.DE. At a correlation of -0.01, they often move in opposite directions. XCS2.DE charges 0.25%/yr vs 0.14%/yr for 18M1.DE.
Performance
XCS2.DE vs. 18M1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS2.DE achieves a 8.74% return, which is significantly higher than 18M1.DE's 1.00% return. Over the past 10 years, XCS2.DE has underperformed 18M1.DE with an annualized return of -0.09%, while 18M1.DE has yielded a comparatively higher 0.52% annualized return.
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%
18M1.DE
- 1D
- 0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 1.00%
- 1Y
- 1.87%
- 3Y*
- 2.79%
- 5Y*
- 1.72%
- 10Y*
- 0.52%
XCS2.DE vs. 18M1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 1.00% | 2.05% | 3.53% | 2.89% | -0.42% | -0.78% | -0.60% | -0.61% | -0.68% | -0.77% |
Correlation
The correlation between XCS2.DE and 18M1.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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | -0.01 |
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Return for Risk
XCS2.DE vs. 18M1.DE — Risk / Return Rank
XCS2.DE
18M1.DE
XCS2.DE vs. 18M1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) and Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.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.
| XCS2.DE | 18M1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.96 | ||
| Sortino ratioReturn per unit of downside risk | -7.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.28 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 28.91 | -26.90 |
| Martin ratioReturn relative to average drawdown | 6.68 | 103.56 | -96.89 |
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Drawdowns
XCS2.DE vs. 18M1.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than 18M1.DE's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and 18M1.DE.
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Drawdown Indicators
| XCS2.DE | 18M1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -4.83% | -36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -0.06% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -0.13% | -11.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -1.02% | -21.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -4.31% | -37.27% |
Current DrawdownCurrent decline from peak | -32.78% | 0.00% | -32.78% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -1.38% | -24.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.02% | +1.35% |
Volatility
XCS2.DE vs. 18M1.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) at 0.06%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than 18M1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCS2.DE | 18M1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.06% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 0.28% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 0.37% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 0.39% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 0.48% | +20.54% |
XCS2.DE vs. 18M1.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than 18M1.DE's 0.14% 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
XCS2.DE vs. 18M1.DE - Dividend Comparison
Neither XCS2.DE nor 18M1.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and 18M1.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, 18M1.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M1.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while 18M1.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XCS2.DE and 0.14% for 18M1.DE.
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