XCS2.DE vs. BBLL.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, XCS2.DE returned -1.91%/yr vs 4.14%/yr for BBLL.DE. At a correlation of -0.03, they often move in opposite directions. XCS2.DE charges 0.25%/yr vs 0.07%/yr for BBLL.DE.
Performance
XCS2.DE vs. BBLL.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 BBLL.DE's 4.60% 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%
BBLL.DE
- 1D
- 0.10%
- 1M
- 1.78%
- 6M
- 4.43%
- YTD
- 4.60%
- 1Y
- 6.79%
- 3Y*
- 2.95%
- 5Y*
- 4.14%
- 10Y*
- —
XCS2.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 0.70% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.60% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
Correlation
The correlation between XCS2.DE and BBLL.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.03 |
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Return for Risk
XCS2.DE vs. BBLL.DE — Risk / Return Rank
XCS2.DE
BBLL.DE
XCS2.DE vs. BBLL.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 JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.00 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.68 | 4.74 | +1.93 |
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Drawdowns
XCS2.DE vs. BBLL.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than BBLL.DE's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and BBLL.DE.
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Drawdown Indicators
| XCS2.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -17.24% | -24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -3.38% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -11.65% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -11.65% | -10.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -5.47% | -27.31% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -8.30% | -17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.43% | -0.06% |
Volatility
XCS2.DE vs. BBLL.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) at 1.69%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.69% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 4.30% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 6.06% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 7.45% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 8.27% | +12.75% |
XCS2.DE vs. BBLL.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than BBLL.DE's 0.07% 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. BBLL.DE - Dividend Comparison
Neither XCS2.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and BBLL.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.25% for XCS2.DE and 0.07% for BBLL.DE.
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