XCS2.DE vs. XSX6.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both exchange-traded funds - XCS2.DE is a Government Bonds fund tracking the FTSE Australian Government Bond Index, while XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, XCS2.DE returned -0.09%/yr vs 10.16%/yr for XSX6.DE. At a 0.22 correlation, their price movements are largely independent. XCS2.DE charges 0.25%/yr vs 0.20%/yr for XSX6.DE.
Performance
XCS2.DE vs. XSX6.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 XSX6.DE's 11.63% return. Over the past 10 years, XCS2.DE has underperformed XSX6.DE with an annualized return of -0.09%, while XSX6.DE has yielded a comparatively higher 10.16% 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%
XSX6.DE
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 10.88%
- YTD
- 11.63%
- 1Y
- 22.49%
- 3Y*
- 15.24%
- 5Y*
- 10.32%
- 10Y*
- 10.16%
XCS2.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 11.63% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
Correlation
The correlation between XCS2.DE and XSX6.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.22 |
Over the past year, XCS2.DE and XSX6.DE have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
XCS2.DE vs. XSX6.DE — Risk / Return Rank
XCS2.DE
XSX6.DE
XCS2.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.37 | -0.36 |
| Martin ratioReturn relative to average drawdown | 6.68 | 9.17 | -2.50 |
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Drawdowns
XCS2.DE vs. XSX6.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than XSX6.DE's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XSX6.DE.
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Drawdown Indicators
| XCS2.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -36.06% | -5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -9.46% | +4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -16.37% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -20.84% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -36.06% | -5.52% |
Current DrawdownCurrent decline from peak | -32.78% | 0.00% | -32.78% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -5.24% | -20.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.44% | -1.07% |
Volatility
XCS2.DE vs. XSX6.DE - Volatility Comparison
The current volatility for Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) is 2.20%, while Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a volatility of 3.11%. This indicates that XCS2.DE experiences smaller price fluctuations and is considered to be less risky than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.11% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 10.96% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 13.02% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 14.46% | -4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 15.23% | +5.79% |
XCS2.DE vs. XSX6.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than XSX6.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. XSX6.DE - Dividend Comparison
Neither XCS2.DE nor XSX6.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XSX6.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE is categorized as Government Bonds, while XSX6.DE is Europe Equities. XCS2.DE tracks FTSE Australian Government Bond Index, while XSX6.DE tracks STOXX® Europe 600. Their fees differ too: 0.25% for XCS2.DE and 0.20% for XSX6.DE.
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