XCS2.DE vs. XT01.DE
XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds from Xtrackers - XCS2.DE tracks the FTSE Australian Government Bond Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, XCS2.DE returned -1.91%/yr vs 4.12%/yr for XT01.DE. At a correlation of -0.07, they often move in opposite directions. XCS2.DE charges 0.25%/yr vs 0.06%/yr for XT01.DE.
Performance
XCS2.DE vs. XT01.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 XT01.DE's 4.43% 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%
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 4.24%
- YTD
- 4.43%
- 1Y
- 6.70%
- 3Y*
- 2.94%
- 5Y*
- 4.12%
- 10Y*
- —
XCS2.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 1.84% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.43% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between XCS2.DE and XT01.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.07 |
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Return for Risk
XCS2.DE vs. XT01.DE — Risk / Return Rank
XCS2.DE
XT01.DE
XCS2.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.98 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.68 | 4.71 | +1.96 |
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Drawdowns
XCS2.DE vs. XT01.DE - Drawdown Comparison
The maximum XCS2.DE drawdown since its inception was -41.58%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for XCS2.DE and XT01.DE.
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Drawdown Indicators
| XCS2.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -11.68% | -29.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -3.40% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | -11.68% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -11.68% | -10.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -5.54% | -27.24% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -4.91% | -20.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.42% | -0.05% |
Volatility
XCS2.DE vs. XT01.DE - Volatility Comparison
Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a higher volatility of 2.20% compared to Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) at 1.77%. This indicates that XCS2.DE's price experiences larger fluctuations and is considered to be riskier than XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.77% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 4.22% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 6.04% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 7.44% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 7.29% | +13.73% |
XCS2.DE vs. XT01.DE - Expense Ratio Comparison
XCS2.DE has a 0.25% expense ratio, which is higher than XT01.DE's 0.06% 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. XT01.DE - Dividend Comparison
Neither XCS2.DE nor XT01.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS2.DE and XT01.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.25% for XCS2.DE.
XCS2.DE tracks FTSE Australian Government Bond Index, while XT01.DE tracks FTSE US Treasury Short Duration Index. Their fees differ too: 0.25% for XCS2.DE and 0.06% for XT01.DE.
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