XCS2.DE vs. EXVM.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while EXVM.DE tracks the eb.rexx Government Germany 0-1 Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 0.29%/yr for EXVM.DE. At a 0.07 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.13%/yr for EXVM.DE.
Performance
XCS2.DE vs. EXVM.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 EXVM.DE's 0.80% return. Over the past 10 years, XCS2.DE has underperformed EXVM.DE with an annualized return of -0.09%, while EXVM.DE has yielded a comparatively higher 0.29% 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%
EXVM.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 0.80%
- 1Y
- 1.68%
- 3Y*
- 2.62%
- 5Y*
- 1.43%
- 10Y*
- 0.29%
XCS2.DE vs. EXVM.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% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.80% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.80% | -0.84% | -0.97% |
Correlation
The correlation between XCS2.DE and EXVM.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.07 |
The correlation between XCS2.DE and EXVM.DE shifts across timeframes, from 0.07 (all time) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCS2.DE vs. EXVM.DE — Risk / Return Rank
XCS2.DE
EXVM.DE
XCS2.DE vs. EXVM.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 eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.68 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 14.22 | -12.22 |
| Martin ratioReturn relative to average drawdown | 6.68 | 54.84 | -48.17 |
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Drawdowns
XCS2.DE vs. EXVM.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than EXVM.DE's maximum drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and EXVM.DE.
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Drawdown Indicators
| XCS2.DE | EXVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -6.33% | -35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -0.12% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -0.13% | -11.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -1.65% | -20.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -5.65% | -35.93% |
Current DrawdownCurrent decline from peak | -32.78% | -0.01% | -32.77% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -1.76% | -23.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.03% | +1.34% |
Volatility
XCS2.DE vs. EXVM.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) at 0.12%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.12% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 0.41% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 0.54% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 0.51% | +9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 0.79% | +20.23% |
XCS2.DE vs. EXVM.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than EXVM.DE's 0.13% 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. EXVM.DE - Dividend Comparison
XCS2.DE has not paid dividends to shareholders, while EXVM.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCS2.DE and EXVM.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXVM.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXVM.DE is cheaper with a 0.13% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while EXVM.DE tracks eb.rexx Government Germany 0-1 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XCS2.DE and 0.13% for EXVM.DE.
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