XCS2.DE vs. DBXF.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and DBXF.DE (Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XCS2.DE tracks the FTSE Australian Government Bond Index while DBXF.DE tracks the iBoxx EUR Eurozone 15-30 Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.24%/yr vs -2.61%/yr for DBXF.DE. At a 0.28 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.15%/yr for DBXF.DE.
Performance
XCS2.DE vs. DBXF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS2.DE achieves a 8.53% return, which is significantly higher than DBXF.DE's -0.97% return. Over the past 10 years, XCS2.DE has outperformed DBXF.DE with an annualized return of -0.24%, while DBXF.DE has yielded a comparatively lower -2.61% annualized return.
XCS2.DE
- 1D
- -0.03%
- 1M
- -0.78%
- 6M
- 6.96%
- YTD
- 8.53%
- 1Y
- 9.41%
- 3Y*
- 2.56%
- 5Y*
- -1.97%
- 10Y*
- -0.24%
DBXF.DE
- 1D
- 0.36%
- 1M
- -2.82%
- 6M
- -2.28%
- YTD
- -0.97%
- 1Y
- -2.12%
- 3Y*
- -0.75%
- 5Y*
- -8.03%
- 10Y*
- -2.61%
XCS2.DE vs. DBXF.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) | 8.53% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
DBXF.DE Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) | -0.97% | -5.38% | -0.73% | 9.69% | -34.17% | -6.47% | 11.63% | 15.76% | 3.26% | -1.52% |
Correlation
The correlation between XCS2.DE and DBXF.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.28 |
The correlation between XCS2.DE and DBXF.DE shifts across timeframes, from 0.28 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCS2.DE vs. DBXF.DE — Risk / Return Rank
XCS2.DE
DBXF.DE
XCS2.DE vs. DBXF.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 Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.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 | DBXF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.97 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.35 | +2.40 |
| Martin ratioReturn relative to average drawdown | 6.71 | -0.70 | +7.42 |
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Drawdowns
XCS2.DE vs. DBXF.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, roughly equal to the maximum DBXF.DE drawdown of -43.47%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and DBXF.DE.
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Drawdown Indicators
| XCS2.DE | DBXF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -43.47% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -6.06% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -11.81% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -41.93% | +19.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -43.47% | +1.89% |
Current DrawdownCurrent decline from peak | -32.91% | -37.70% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -12.26% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 3.00% | -1.60% |
Volatility
XCS2.DE vs. DBXF.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.72% compared to Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.DE) at 2.07%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than DBXF.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 | DBXF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.07% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 7.15% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 9.24% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 13.48% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 11.46% | +9.56% |
XCS2.DE vs. DBXF.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than DBXF.DE's 0.15% 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. DBXF.DE - Dividend Comparison
Neither XCS2.DE nor DBXF.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and DBXF.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXF.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while DBXF.DE tracks iBoxx EUR Eurozone 15-30 Index. Their fees differ too: 0.25% for XCS2.DE and 0.15% for DBXF.DE.
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