XCS2.DE vs. XESC.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - XCS2.DE is a Government Bonds fund tracking the FTSE Australian Government Bond Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 11.67%/yr for XESC.DE. At a 0.17 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.09%/yr for XESC.DE.
Performance
XCS2.DE vs. XESC.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 XESC.DE's 11.96% return. Over the past 10 years, XCS2.DE has underperformed XESC.DE with an annualized return of -0.09%, while XESC.DE has yielded a comparatively higher 11.67% 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%
XESC.DE
- 1D
- 0.00%
- 1M
- 5.24%
- 6M
- 10.86%
- YTD
- 11.96%
- 1Y
- 22.20%
- 3Y*
- 16.35%
- 5Y*
- 12.51%
- 10Y*
- 11.67%
XCS2.DE vs. XESC.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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 11.96% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between XCS2.DE and XESC.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.17 |
Over the past year, XCS2.DE and XESC.DE have become more correlated (0.41) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
XCS2.DE vs. XESC.DE — Risk / Return Rank
XCS2.DE
XESC.DE
XCS2.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.04 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.68 | 7.10 | -0.42 |
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Drawdowns
XCS2.DE vs. XESC.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, smaller than the maximum XESC.DE drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XESC.DE.
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Drawdown Indicators
| XCS2.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -46.74% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -10.88% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -16.53% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -23.33% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -38.51% | -3.07% |
Current DrawdownCurrent decline from peak | -32.78% | 0.00% | -32.78% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -9.05% | -16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.13% | -1.76% |
Volatility
XCS2.DE vs. XESC.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.20%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 3.86%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.86% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 13.34% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 16.07% | -7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 17.58% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 17.93% | +3.09% |
XCS2.DE vs. XESC.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than XESC.DE's 0.09% 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. XESC.DE - Dividend Comparison
Neither XCS2.DE nor XESC.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XESC.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE is categorized as Government Bonds, while XESC.DE is Europe Equities. XCS2.DE tracks FTSE Australian Government Bond Index, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.25% for XCS2.DE and 0.09% for XESC.DE.
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