XCS2.DE vs. XNAS.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XCS2.DE is a Government Bonds fund tracking the FTSE Australian Government Bond Index, while XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, XCS2.DE returned -1.91%/yr vs 16.39%/yr for XNAS.DE. At a 0.31 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.20%/yr for XNAS.DE.
Performance
XCS2.DE vs. XNAS.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 XNAS.DE's 19.10% 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%
XNAS.DE
- 1D
- 0.00%
- 1M
- -2.01%
- 6M
- 20.42%
- YTD
- 19.10%
- 1Y
- 33.14%
- 3Y*
- 23.27%
- 5Y*
- 16.39%
- 10Y*
- —
XCS2.DE vs. XNAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -1.79% |
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 19.10% | 7.11% | 33.75% | 51.36% | -29.99% | 31.23% |
Correlation
The correlation between XCS2.DE and XNAS.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.31 |
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Return for Risk
XCS2.DE vs. XNAS.DE — Risk / Return Rank
XCS2.DE
XNAS.DE
XCS2.DE vs. XNAS.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 Nasdaq 100 UCITS ETF 1C (XNAS.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 | XNAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.33 | -1.32 |
| Martin ratioReturn relative to average drawdown | 6.68 | 9.64 | -2.97 |
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Drawdowns
XCS2.DE vs. XNAS.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than XNAS.DE's maximum drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XNAS.DE.
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Drawdown Indicators
| XCS2.DE | XNAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -31.25% | -10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -10.00% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -26.72% | +14.72% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -31.25% | +8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -2.56% | -30.22% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -7.75% | -18.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.45% | -2.08% |
Volatility
XCS2.DE vs. XNAS.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.20%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) has a volatility of 6.66%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than XNAS.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 | XNAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 6.66% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 12.34% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 16.97% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 20.06% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 19.92% | +1.10% |
XCS2.DE vs. XNAS.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than XNAS.DE's 0.20% 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. XNAS.DE - Dividend Comparison
Neither XCS2.DE nor XNAS.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XNAS.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAS.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE is categorized as Government Bonds, while XNAS.DE is Nasdaq-100. XCS2.DE tracks FTSE Australian Government Bond Index, while XNAS.DE tracks Nasdaq 100®. Their fees differ too: 0.25% for XCS2.DE and 0.20% for XNAS.DE.
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