XUTE.DE vs. XT01.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds from Xtrackers - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.68%/yr vs 4.09%/yr for XT01.DE. At a correlation of -0.24, they often move in opposite directions. XUTE.DE charges 0.10%/yr vs 0.06%/yr for XT01.DE.
Performance
XUTE.DE vs. XT01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -1.03% return, which is significantly lower than XT01.DE's 4.62% return.
XUTE.DE
- 1D
- 0.22%
- 1M
- -0.39%
- 6M
- -0.88%
- YTD
- -1.03%
- 1Y
- 1.43%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 3.04%
- YTD
- 4.62%
- 1Y
- 5.20%
- 3Y*
- 3.95%
- 5Y*
- 4.09%
- 10Y*
- —
XUTE.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.03% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | -1.24% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.62% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between XUTE.DE and XT01.DE is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.24 |
The correlation between XUTE.DE and XT01.DE shifts across timeframes, from -0.43 (1 year) to -0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUTE.DE vs. XT01.DE — Risk / Return Rank
XUTE.DE
XT01.DE
XUTE.DE vs. XT01.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 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.
| XUTE.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.54 | -1.13 |
| Martin ratioReturn relative to average drawdown | 0.99 | 3.67 | -2.67 |
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Drawdowns
XUTE.DE vs. XT01.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, 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 XUTE.DE and XT01.DE.
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Drawdown Indicators
| XUTE.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -11.68% | -12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.40% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -11.68% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -11.68% | -8.89% |
Current DrawdownCurrent decline from peak | -16.92% | -5.37% | -11.55% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -4.91% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.43% | 0.00% |
Volatility
XUTE.DE vs. XT01.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 1.00%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.26%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUTE.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.26% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.20% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 5.92% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 7.44% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 7.27% | -2.19% |
XUTE.DE vs. XT01.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% 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
XUTE.DE vs. XT01.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.40%, while XT01.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and XT01.DE have a correlation of -0.43, 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 0.10% for XUTE.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while XT01.DE tracks FTSE US Treasury Short Duration Index. Their fees differ too: 0.10% for XUTE.DE and 0.06% for XT01.DE.
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