XUTE.DE vs. 2B7S.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs 0.04%/yr for 2B7S.DE. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
XUTE.DE vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -0.78% return, which is significantly lower than 2B7S.DE's -0.20% return.
XUTE.DE
- 1D
- -0.07%
- 1M
- 0.37%
- 6M
- -0.57%
- YTD
- -0.78%
- 1Y
- 1.15%
- 3Y*
- 1.17%
- 5Y*
- -2.48%
- 10Y*
- —
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.48%
- 5Y*
- 0.04%
- 10Y*
- —
XUTE.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 1.61% | -14.67% | 1.12% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
Correlation
The correlation between XUTE.DE and 2B7S.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.59 |
Over the past year, the correlation between XUTE.DE and 2B7S.DE has dropped to 0.31 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
XUTE.DE vs. 2B7S.DE — Risk / Return Rank
XUTE.DE
2B7S.DE
XUTE.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| XUTE.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.22 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.86 | 3.01 | -2.15 |
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Drawdowns
XUTE.DE vs. 2B7S.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, which is greater than 2B7S.DE's maximum drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and 2B7S.DE.
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Drawdown Indicators
| XUTE.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -7.68% | -16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -0.98% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -1.03% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -7.50% | -13.07% |
Current DrawdownCurrent decline from peak | -16.71% | -0.59% | -16.12% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -3.25% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.40% | +0.94% |
Volatility
XUTE.DE vs. 2B7S.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a higher volatility of 0.95% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.57%. This indicates that XUTE.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTE.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.57% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 1.99% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 2.50% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 2.51% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 2.45% | +2.64% |
XUTE.DE vs. 2B7S.DE - Expense Ratio Comparison
Both XUTE.DE and 2B7S.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. 2B7S.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, while 2B7S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.39% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and 2B7S.DE have a correlation of 0.31, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE and 2B7S.DE have the same expense ratio: 0.10% per year.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. They also come from different issuers: Xtrackers and iShares.
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