XCS2.DE vs. IS05.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and IS05.DE (iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while IS05.DE tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.24%/yr vs -4.37%/yr for IS05.DE. At a 0.30 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.15%/yr for IS05.DE.
Performance
XCS2.DE vs. IS05.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 IS05.DE's -1.07% return. Over the past 10 years, XCS2.DE has outperformed IS05.DE with an annualized return of -0.24%, while IS05.DE has yielded a comparatively lower -4.37% 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%
IS05.DE
- 1D
- 0.32%
- 1M
- -3.19%
- 6M
- -2.29%
- YTD
- -1.07%
- 1Y
- -4.44%
- 3Y*
- -3.91%
- 5Y*
- -10.86%
- 10Y*
- -4.37%
XCS2.DE vs. IS05.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% |
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | -1.07% | -10.87% | -5.27% | 8.12% | -36.40% | -8.01% | 10.93% | 19.50% | 0.75% | -1.71% |
Correlation
The correlation between XCS2.DE and IS05.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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2015 | 0.30 |
The correlation between XCS2.DE and IS05.DE shifts across timeframes, from 0.30 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCS2.DE vs. IS05.DE — Risk / Return Rank
XCS2.DE
IS05.DE
XCS2.DE vs. IS05.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 20yr Target Duration UCITS ETF EUR (Dist) (IS05.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 | IS05.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.94 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.64 | +2.70 |
| Martin ratioReturn relative to average drawdown | 6.71 | -1.13 | +7.84 |
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Drawdowns
XCS2.DE vs. IS05.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, smaller than the maximum IS05.DE drawdown of -49.20%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and IS05.DE.
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Drawdown Indicators
| XCS2.DE | IS05.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -49.20% | +7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -6.87% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -18.96% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -46.31% | +23.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -49.20% | +7.62% |
Current DrawdownCurrent decline from peak | -32.91% | -48.34% | +15.43% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -21.84% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 3.91% | -2.51% |
Volatility
XCS2.DE vs. IS05.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.72%, while iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) (IS05.DE) has a volatility of 3.05%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than IS05.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 | IS05.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.05% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 7.58% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 10.25% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 15.59% | -5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 15.45% | +5.57% |
XCS2.DE vs. IS05.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than IS05.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. IS05.DE - Dividend Comparison
XCS2.DE has not paid dividends to shareholders, while IS05.DE's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | 3.63% | 3.45% | 2.94% | 2.10% | 0.91% | 0.22% | 0.29% | 0.75% | 1.14% | 1.04% | 1.00% | 1.03% |
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 IS05.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, IS05.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS05.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 IS05.DE tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XCS2.DE and 0.15% for IS05.DE.
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