XJSE.DE vs. XBO2.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XJSE.DE tracks the FTSE Japanese Government Bond Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 10 years, XJSE.DE returned -7.08%/yr vs 0.71%/yr for XBO2.DE. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
XJSE.DE vs. XBO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XJSE.DE achieves a -5.80% return, which is significantly lower than XBO2.DE's 0.65% return. Over the past 10 years, XJSE.DE has underperformed XBO2.DE with an annualized return of -7.08%, while XBO2.DE has yielded a comparatively higher 0.71% annualized return.
XJSE.DE
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -4.72%
- YTD
- -5.80%
- 1Y
- -13.84%
- 3Y*
- -11.74%
- 5Y*
- -11.57%
- 10Y*
- -7.08%
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
XJSE.DE vs. XBO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.65% | 5.55% | 7.74% | -8.68% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between XJSE.DE and XBO2.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2013 | 0.06 |
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Return for Risk
XJSE.DE vs. XBO2.DE — Risk / Return Rank
XJSE.DE
XBO2.DE
XJSE.DE vs. XBO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) and Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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.
| XJSE.DE | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.19 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 1.54 | -2.39 |
| Martin ratioReturn relative to average drawdown | -1.35 | 4.21 | -5.56 |
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Drawdowns
XJSE.DE vs. XBO2.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.37%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for XJSE.DE and XBO2.DE.
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Drawdown Indicators
| XJSE.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.37% | -3.92% | -51.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -1.12% | -14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -32.71% | -1.12% | -31.59% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -1.31% | -46.33% |
Max Drawdown (10Y)Largest decline over 10 years | -54.16% | -3.77% | -50.39% |
Current DrawdownCurrent decline from peak | -54.83% | -0.58% | -54.25% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -0.71% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.25% | 0.41% | +9.84% |
Volatility
XJSE.DE vs. XBO2.DE - Volatility Comparison
Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a higher volatility of 2.80% compared to Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) at 1.48%. This indicates that XJSE.DE's price experiences larger fluctuations and is considered to be riskier than XBO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XJSE.DE | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.48% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 2.61% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 3.29% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 1.53% | +9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.88% | 1.64% | +8.24% |
XJSE.DE vs. XBO2.DE - Expense Ratio Comparison
Both XJSE.DE and XBO2.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XJSE.DE vs. XBO2.DE - Dividend Comparison
Neither XJSE.DE nor XBO2.DE has paid dividends to shareholders.
Frequently Asked Questions
XJSE.DE and XBO2.DE have a correlation of 0.13, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XJSE.DE and XBO2.DE have the same expense ratio: 0.15% per year.
XJSE.DE tracks FTSE Japanese Government Bond Index, while XBO2.DE tracks FTSE Eurozone BOT Index.
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