XCS2.DE vs. EUN6.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 0.49%/yr for EUN6.DE. At a 0.07 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.07%/yr for EUN6.DE.
Performance
XCS2.DE vs. EUN6.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 EUN6.DE's 1.02% return. Over the past 10 years, XCS2.DE has underperformed EUN6.DE with an annualized return of -0.09%, while EUN6.DE has yielded a comparatively higher 0.49% 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%
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
XCS2.DE vs. EUN6.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% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.60% | -0.54% | -0.66% | -0.74% |
Correlation
The correlation between XCS2.DE and EUN6.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.07 |
The correlation between XCS2.DE and EUN6.DE shifts across timeframes, from 0.07 (all time) to 0.18 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCS2.DE vs. EUN6.DE — Risk / Return Rank
XCS2.DE
EUN6.DE
XCS2.DE vs. EUN6.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 iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.98 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 5.84 | -3.83 |
| Martin ratioReturn relative to average drawdown | 6.68 | 22.30 | -15.62 |
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Drawdowns
XCS2.DE vs. EUN6.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than EUN6.DE's maximum drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and EUN6.DE.
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Drawdown Indicators
| XCS2.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -4.94% | -36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -0.32% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -0.77% | -11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -1.49% | -20.87% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -4.54% | -37.04% |
Current DrawdownCurrent decline from peak | -32.78% | -0.08% | -32.70% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -1.31% | -24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.08% | +1.29% |
Volatility
XCS2.DE vs. EUN6.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.09%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.09% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 0.57% | +6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 0.64% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 0.67% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 0.63% | +20.39% |
XCS2.DE vs. EUN6.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than EUN6.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. EUN6.DE - Dividend Comparison
XCS2.DE has not paid dividends to shareholders, while EUN6.DE's dividend yield for the trailing twelve months is around 2.19%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCS2.DE and EUN6.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN6.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 EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XCS2.DE and 0.07% for EUN6.DE.
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