XCS2.DE vs. XDWH.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - XCS2.DE is a Government Bonds fund tracking the FTSE Australian Government Bond Index, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 8.35%/yr for XDWH.DE. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
XCS2.DE vs. XDWH.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 XDWH.DE's 6.77% return. Over the past 10 years, XCS2.DE has underperformed XDWH.DE with an annualized return of -0.09%, while XDWH.DE has yielded a comparatively higher 8.35% 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%
XDWH.DE
- 1D
- -0.04%
- 1M
- 12.02%
- 6M
- 7.05%
- YTD
- 6.77%
- 1Y
- 22.07%
- 3Y*
- 6.34%
- 5Y*
- 5.87%
- 10Y*
- 8.35%
XCS2.DE vs. XDWH.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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | 6.77% | 2.20% | 7.45% | 0.04% | 0.11% | 30.30% | 2.70% | 27.21% | 5.98% | 5.52% |
Correlation
The correlation between XCS2.DE and XDWH.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | 0.22 |
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Return for Risk
XCS2.DE vs. XDWH.DE — Risk / Return Rank
XCS2.DE
XDWH.DE
XCS2.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.24 | -0.23 |
| Martin ratioReturn relative to average drawdown | 6.68 | 5.74 | +0.93 |
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Drawdowns
XCS2.DE vs. XDWH.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, roughly equal to the maximum XDWH.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XDWH.DE.
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Drawdown Indicators
| XCS2.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -40.65% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -9.82% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -21.11% | +9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -21.11% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -26.06% | -15.52% |
Current DrawdownCurrent decline from peak | -32.78% | -0.35% | -32.43% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -7.34% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.83% | -2.46% |
Volatility
XCS2.DE vs. XDWH.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.20%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.52%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 4.52% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 10.23% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 14.17% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 13.51% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 15.62% | +5.40% |
XCS2.DE vs. XDWH.DE - Expense Ratio Comparison
Both XCS2.DE and XDWH.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XCS2.DE vs. XDWH.DE - Dividend Comparison
Neither XCS2.DE nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XDWH.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XCS2.DE and XDWH.DE have the same expense ratio: 0.25% per year.
XCS2.DE is categorized as Government Bonds, while XDWH.DE is Health & Biotech Equities. XCS2.DE tracks FTSE Australian Government Bond Index, while XDWH.DE tracks MSCI World/Health Care NR USD.
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