XCS2.DE vs. PRAS.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and PRAS.DE (Amundi Prime US Treasury UCITS ETF) are both Government Bonds funds - XCS2.DE tracks the FTSE Australian Government Bond Index while PRAS.DE tracks the Solactive US Treasury Bond. Both are passively managed. Over the past 5 years, XCS2.DE returned -1.91%/yr vs 0.25%/yr for PRAS.DE. At a 0.20 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.05%/yr for PRAS.DE.
Performance
XCS2.DE vs. PRAS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XCS2.DE achieves a 8.74% return, which is significantly higher than PRAS.DE's 2.88% 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%
PRAS.DE
- 1D
- 0.17%
- 1M
- 2.12%
- 6M
- 2.82%
- YTD
- 2.88%
- 1Y
- 5.93%
- 3Y*
- 1.52%
- 5Y*
- 0.25%
- 10Y*
- —
XCS2.DE vs. PRAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 3.47% |
PRAS.DE Amundi Prime US Treasury UCITS ETF | 2.88% | -5.50% | 6.49% | 0.41% | -6.73% | 6.04% | -13.19% |
Correlation
The correlation between XCS2.DE and PRAS.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.20 |
The correlation between XCS2.DE and PRAS.DE shifts across timeframes, from 0.12 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XCS2.DE vs. PRAS.DE — Risk / Return Rank
XCS2.DE
PRAS.DE
XCS2.DE vs. PRAS.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 Prime US Treasury UCITS ETF (PRAS.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 | PRAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.61 | +0.40 |
| Martin ratioReturn relative to average drawdown | 6.68 | 4.06 | +2.61 |
Loading charts...
Drawdowns
XCS2.DE vs. PRAS.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than PRAS.DE's maximum drawdown of -17.76%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and PRAS.DE.
Loading charts...
Drawdown Indicators
| XCS2.DE | PRAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -17.76% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -3.67% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -11.10% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -12.85% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -11.63% | -21.15% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -11.87% | -13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.46% | -0.09% |
Volatility
XCS2.DE vs. PRAS.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to Amundi Prime US Treasury UCITS ETF (PRAS.DE) at 1.87%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than PRAS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XCS2.DE | PRAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.87% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 4.16% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 5.77% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 7.99% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 8.81% | +12.21% |
XCS2.DE vs. PRAS.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than PRAS.DE's 0.05% 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. PRAS.DE - Dividend Comparison
Neither XCS2.DE nor PRAS.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and PRAS.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAS.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while PRAS.DE tracks Solactive US Treasury Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XCS2.DE and 0.05% for PRAS.DE.
Find the right allocation for XCS2.DE and PRAS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer