4UBP.DE vs. XEON.DE
4UBP.DE (UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - 4UBP.DE is a Global Corporate Bonds fund tracking the Bloomberg MSCI Global Liquid Corporates Sustainable Bond, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, 4UBP.DE returned 0.76%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. 4UBP.DE charges 0.13%/yr vs 0.10%/yr for XEON.DE.
Performance
4UBP.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4UBP.DE achieves a 1.25% return, which is significantly higher than XEON.DE's 0.80% return.
4UBP.DE
- 1D
- 0.13%
- 1M
- 1.06%
- YTD
- 1.25%
- 6M
- 0.67%
- 1Y
- 2.86%
- 3Y*
- 2.97%
- 5Y*
- 0.76%
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.97%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
4UBP.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
4UBP.DE UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc | 1.25% | -2.18% | 6.73% | 5.80% | -13.17% | 3.83% | -2.06% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.27% |
Correlation
The correlation between 4UBP.DE and XEON.DE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2020 | -0.02 |
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Return for Risk
4UBP.DE vs. XEON.DE — Risk / Return Rank
4UBP.DE
XEON.DE
4UBP.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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.
| 4UBP.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.28 | ||
| Sortino ratioReturn per unit of downside risk | -20.25 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 4.27 | -3.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 69.36 | -68.07 |
| Martin ratioReturn relative to average drawdown | 2.97 | 316.53 | -313.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4UBP.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 8.94 | -8.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 7.54 | -7.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.74 | -0.77 |
Drawdowns
4UBP.DE vs. XEON.DE - Drawdown Comparison
The maximum 4UBP.DE drawdown since its inception was -15.13%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for 4UBP.DE and XEON.DE.
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Drawdown Indicators
| 4UBP.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -3.71% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -0.03% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.60% | -0.08% | -8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -0.71% | -14.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -4.00% | -0.01% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -0.92% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.01% | +0.95% |
Volatility
4UBP.DE vs. XEON.DE - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) has a higher volatility of 1.09% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that 4UBP.DE's price experiences larger fluctuations and is considered to be riskier than XEON.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBP.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.04% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 0.16% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 0.22% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 0.25% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 0.39% | +6.05% |
4UBP.DE vs. XEON.DE - Expense Ratio Comparison
4UBP.DE has a 0.13% expense ratio, which is higher than XEON.DE's 0.10% 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
4UBP.DE vs. XEON.DE - Dividend Comparison
Neither 4UBP.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
4UBP.DE and XEON.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.13% for 4UBP.DE.
4UBP.DE is categorized as Global Corporate Bonds, while XEON.DE is Bank Loan. 4UBP.DE tracks Bloomberg MSCI Global Liquid Corporates Sustainable Bond, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.13% for 4UBP.DE and 0.10% for XEON.DE.
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