XJSE.DE vs. XCS2.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XJSE.DE tracks the FTSE Japanese Government Bond Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, XJSE.DE returned -7.50%/yr vs -0.09%/yr for XCS2.DE. At a 0.29 correlation, their price movements are largely independent. XJSE.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
XJSE.DE vs. XCS2.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 XCS2.DE's 8.74% return. Over the past 10 years, XJSE.DE has underperformed XCS2.DE with an annualized return of -7.50%, while XCS2.DE has yielded a comparatively higher -0.09% annualized return.
XJSE.DE
- 1D
- -0.34%
- 1M
- -0.34%
- 6M
- -5.19%
- YTD
- -5.80%
- 1Y
- -15.95%
- 3Y*
- -11.78%
- 5Y*
- -11.28%
- 10Y*
- -7.50%
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%
XJSE.DE vs. XCS2.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% |
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% |
Correlation
The correlation between XJSE.DE and XCS2.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2013 | 0.29 |
The correlation between XJSE.DE and XCS2.DE shifts across timeframes, from 0.15 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XJSE.DE vs. XCS2.DE — Risk / Return Rank
XJSE.DE
XCS2.DE
XJSE.DE vs. XCS2.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 Australia Government Bond UCITS ETF (Acc) (XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.19 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.01 | -2.97 |
| Martin ratioReturn relative to average drawdown | -1.49 | 6.68 | -8.16 |
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Drawdowns
XJSE.DE vs. XCS2.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.06%, which is greater than XCS2.DE's maximum drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for XJSE.DE and XCS2.DE.
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Drawdown Indicators
| XJSE.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -41.58% | -13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -4.56% | -11.94% |
Max Drawdown (3Y)Largest decline over 3 years | -32.72% | -12.00% | -20.72% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | -22.36% | -24.92% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | -41.58% | -13.48% |
Current DrawdownCurrent decline from peak | -54.83% | -32.78% | -22.05% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -25.75% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 1.37% | +8.65% |
Volatility
XJSE.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) is 1.82%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that XJSE.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.20% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 7.40% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 8.80% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 10.13% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 21.02% | -11.10% |
XJSE.DE vs. XCS2.DE - Expense Ratio Comparison
XJSE.DE has a 0.15% expense ratio, which is lower than XCS2.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XJSE.DE vs. XCS2.DE - Dividend Comparison
Neither XJSE.DE nor XCS2.DE has paid dividends to shareholders.
Frequently Asked Questions
XJSE.DE and XCS2.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XJSE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XJSE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
XJSE.DE tracks FTSE Japanese Government Bond Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.15% for XJSE.DE and 0.25% for XCS2.DE.
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