XUTD.DE vs. XCS2.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XUTD.DE tracks the iBoxx USD Treasuries Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, XUTD.DE returned 0.37%/yr vs -0.24%/yr for XCS2.DE. At a 0.25 correlation, their price movements are largely independent. XUTD.DE charges 0.06%/yr vs 0.25%/yr for XCS2.DE.
Performance
XUTD.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.DE achieves a 2.75% return, which is significantly lower than XCS2.DE's 8.53% return. Over the past 10 years, XUTD.DE has outperformed XCS2.DE with an annualized return of 0.37%, while XCS2.DE has yielded a comparatively lower -0.24% annualized return.
XUTD.DE
- 1D
- 0.28%
- 1M
- 0.99%
- 6M
- 1.39%
- YTD
- 2.75%
- 1Y
- 4.89%
- 3Y*
- 2.24%
- 5Y*
- -0.10%
- 10Y*
- 0.37%
XCS2.DE
- 1D
- -0.03%
- 1M
- -0.78%
- 6M
- 6.96%
- YTD
- 8.53%
- 1Y
- 9.41%
- 3Y*
- 2.56%
- 5Y*
- -1.97%
- 10Y*
- -0.24%
XUTD.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 2.75% | -5.36% | 6.37% | 0.41% | -7.34% | 5.70% | -1.66% | 9.77% | 4.36% | -9.23% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.53% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between XUTD.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 | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2016 | 0.25 |
The correlation between XUTD.DE and XCS2.DE shifts across timeframes, from 0.15 (1 year) to 0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.DE vs. XCS2.DE — Risk / Return Rank
XUTD.DE
XCS2.DE
XUTD.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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.
| XUTD.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.05 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.18 | 6.71 | -3.53 |
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Drawdowns
XUTD.DE vs. XCS2.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and XCS2.DE.
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Drawdown Indicators
| XUTD.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -41.58% | +23.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -4.56% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -12.00% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -22.36% | +9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | -41.58% | +23.57% |
Current DrawdownCurrent decline from peak | -11.96% | -32.91% | +20.95% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -25.77% | +16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.40% | +0.13% |
Volatility
XUTD.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) is 1.26%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.72%. This indicates that XUTD.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
| XUTD.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 2.72% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 7.34% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 8.96% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 10.16% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 21.02% | -13.22% |
XUTD.DE vs. XCS2.DE - Expense Ratio Comparison
XUTD.DE has a 0.06% 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
XUTD.DE vs. XCS2.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.41%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.41% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.50% | 1.97% |
Frequently Asked Questions
XUTD.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, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.25% for XCS2.DE.
XUTD.DE tracks iBoxx USD Treasuries Index, while XCS2.DE tracks FTSE Australian Government Bond Index. Their fees differ too: 0.06% for XUTD.DE and 0.25% for XCS2.DE.
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