XCS2.DE vs. XDWD.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - XCS2.DE is a Government Bonds fund tracking the FTSE Australian Government Bond Index, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 13.00%/yr for XDWD.DE. At a 0.36 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.19%/yr for XDWD.DE.
Performance
XCS2.DE vs. XDWD.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 lower than XDWD.DE's 12.57% return. Over the past 10 years, XCS2.DE has underperformed XDWD.DE with an annualized return of -0.09%, while XDWD.DE has yielded a comparatively higher 13.00% 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%
XDWD.DE
- 1D
- 0.32%
- 1M
- 1.49%
- 6M
- 12.36%
- YTD
- 12.57%
- 1Y
- 24.32%
- 3Y*
- 17.54%
- 5Y*
- 12.27%
- 10Y*
- 13.00%
XCS2.DE vs. XDWD.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% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 12.57% | 7.85% | 25.98% | 20.19% | -13.68% | 32.75% | 5.47% | 31.26% | -4.94% | 7.84% |
Correlation
The correlation between XCS2.DE and XDWD.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.36 |
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Return for Risk
XCS2.DE vs. XDWD.DE — Risk / Return Rank
XCS2.DE
XDWD.DE
XCS2.DE vs. XDWD.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 Xtrackers MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.82 | -1.82 |
| Martin ratioReturn relative to average drawdown | 6.68 | 15.31 | -8.64 |
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Drawdowns
XCS2.DE vs. XDWD.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than XDWD.DE's maximum drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XDWD.DE.
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Drawdown Indicators
| XCS2.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -33.55% | -8.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -6.34% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -21.64% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -21.64% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -33.55% | -8.03% |
Current DrawdownCurrent decline from peak | -32.78% | -0.11% | -32.67% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -4.52% | -21.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.58% | -0.21% |
Volatility
XCS2.DE vs. XDWD.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.20%, while Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) has a volatility of 3.15%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.15% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 7.97% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 11.30% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 14.15% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 15.09% | +5.93% |
XCS2.DE vs. XDWD.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than XDWD.DE's 0.19% 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. XDWD.DE - Dividend Comparison
Neither XCS2.DE nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XDWD.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE is categorized as Government Bonds, while XDWD.DE is Global Equities. XCS2.DE tracks FTSE Australian Government Bond Index, while XDWD.DE tracks MSCI World. Their fees differ too: 0.25% for XCS2.DE and 0.19% for XDWD.DE.
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