XCS2.DE vs. LYXF.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and LYXF.DE (Amundi Euro Government Bond 15+Y UCITS ETF (Acc)) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while LYXF.DE tracks the Bloomberg Euro Treasury 50bn 15+ Year Bond Index. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.24%/yr vs -2.91%/yr for LYXF.DE. At a 0.29 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.15%/yr for LYXF.DE.
Performance
XCS2.DE vs. LYXF.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 LYXF.DE's -1.05% return. Over the past 10 years, XCS2.DE has outperformed LYXF.DE with an annualized return of -0.24%, while LYXF.DE has yielded a comparatively lower -2.91% 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%
LYXF.DE
- 1D
- 0.25%
- 1M
- -2.84%
- 6M
- -2.07%
- YTD
- -1.05%
- 1Y
- -1.97%
- 3Y*
- -1.13%
- 5Y*
- -8.81%
- 10Y*
- -2.91%
XCS2.DE vs. LYXF.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% |
LYXF.DE Amundi Euro Government Bond 15+Y UCITS ETF (Acc) | -1.05% | -6.05% | -1.34% | 9.49% | -35.58% | -7.79% | 12.63% | 17.18% | 2.98% | -1.38% |
Correlation
The correlation between XCS2.DE and LYXF.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
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 | 0.29 |
Over the past year, XCS2.DE and LYXF.DE have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
XCS2.DE vs. LYXF.DE — Risk / Return Rank
XCS2.DE
LYXF.DE
XCS2.DE vs. LYXF.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 Amundi Euro Government Bond 15+Y UCITS ETF (Acc) (LYXF.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 | LYXF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.97 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.32 | +2.37 |
| Martin ratioReturn relative to average drawdown | 6.71 | -0.65 | +7.36 |
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Drawdowns
XCS2.DE vs. LYXF.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, smaller than the maximum LYXF.DE drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and LYXF.DE.
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Drawdown Indicators
| XCS2.DE | LYXF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -46.10% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -6.14% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -12.74% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -44.06% | +21.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -46.10% | +4.52% |
Current DrawdownCurrent decline from peak | -32.91% | -40.94% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -13.20% | -12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 3.04% | -1.64% |
Volatility
XCS2.DE vs. LYXF.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.72% compared to Amundi Euro Government Bond 15+Y UCITS ETF (Acc) (LYXF.DE) at 2.57%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than LYXF.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 | LYXF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.57% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 7.37% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 9.36% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 14.20% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 12.08% | +8.94% |
XCS2.DE vs. LYXF.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than LYXF.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. LYXF.DE - Dividend Comparison
Neither XCS2.DE nor LYXF.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and LYXF.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYXF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYXF.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 LYXF.DE tracks Bloomberg Euro Treasury 50bn 15+ Year Bond Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XCS2.DE and 0.15% for LYXF.DE.
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