AGX vs. XEON.DE

Last updated Jun 13, 2026

AGX (Argan, Inc.) is a stock, while XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) is Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Over the past 10 years, AGX returned 35.01%/yr vs 0.93%/yr for XEON.DE. At a 0.11 correlation, their price movements are largely independent.

Performance

AGX vs. XEON.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argan, Inc. (AGX) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGX is traded in USD, while XEON.DE is traded in EUR. To make them comparable, the XEON.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGX achieves a 105.22% return, which is significantly higher than XEON.DE's -0.38% return. Over the past 10 years, AGX has outperformed XEON.DE with an annualized return of 35.01%, while XEON.DE has yielded a comparatively lower 0.93% annualized return.

AGX

• 1D: 2.89%
• 1M: -13.39%
• YTD: 105.22%
• 6M: 101.00%
• 1Y: 195.82%
• 3Y*: 154.34%
• 5Y*: 71.15%
• 10Y*: 35.01%

XEON.DE

• 1D: 0.10%
• 1M: -0.78%
• YTD: -0.38%
• 6M: -0.20%
• 1Y: 2.17%
• 3Y*: 5.79%
• 5Y*: 0.99%
• 10Y*: 0.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGX vs. XEON.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGX Argan, Inc.	105.22%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-14.32%	-34.26%
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C	-0.38%	15.43%	-2.15%	6.56%	-5.55%	-8.43%	9.15%	-2.59%	-5.15%	13.55%

Correlation

The correlation between AGX and XEON.DE is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007	0.11

Return for Risk

AGX vs. XEON.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGX

AGX Risk / Return Rank: 94
AGX Sharpe Ratio Rank: 94
AGX Sortino Ratio Rank: 92
AGX Omega Ratio Rank: 90
AGX Calmar Ratio Rank: 96
AGX Martin Ratio Rank: 97

XEON.DE

XEON.DE Risk / Return Rank: 99
XEON.DE Sharpe Ratio Rank: 99
XEON.DE Sortino Ratio Rank: 99
XEON.DE Omega Ratio Rank: 99
XEON.DE Calmar Ratio Rank: 100
XEON.DE Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGX vs. XEON.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) 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.

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.

	AGX	XEON.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.59	0.58	+2.01
Sortino ratio: Return per unit of downside risk	3.24	0.91	+2.33
Omega ratio: Gain probability vs. loss probability	1.41	1.11	+0.30
Calmar ratio: Return relative to maximum drawdown	7.68	0.75	+6.94
Martin ratio: Return relative to average drawdown	21.89	1.90	+19.99

AGX vs. XEON.DE - Sharpe Ratio Comparison

The current AGX Sharpe Ratio is 2.59, which is higher than the XEON.DE Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of AGX and XEON.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGX vs. XEON.DE - Drawdown Comparison

The maximum AGX drawdown since its inception was -94.37%, which is greater than XEON.DE's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for AGX and XEON.DE.

Drawdown Indicators

	AGX	XEON.DE	Difference
Max Drawdown Largest peak-to-trough decline	-94.37%	-40.00%	-54.37%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-4.95%	-20.01%
Max Drawdown (3Y) Largest decline over 3 years	-43.75%	-7.52%	-36.23%
Max Drawdown (5Y) Largest decline over 5 years	-43.75%	-21.42%	-22.33%
Max Drawdown (10Y) Largest decline over 10 years	-54.61%	-25.15%	-29.46%
Current Drawdown Current decline from peak	-13.39%	-19.51%	+6.12%
Average Drawdown Average peak-to-trough decline	-48.33%	-21.19%	-27.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	1.95%	+6.83%

Volatility

AGX vs. XEON.DE - Volatility Comparison

Argan, Inc. (AGX) has a higher volatility of 18.53% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 1.21%. This indicates that AGX'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.

Volatility by Period

	AGX	XEON.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	1.21%	+17.32%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	4.37%	+50.10%
Volatility (1Y) Calculated over the trailing 1-year period	74.07%	6.33%	+67.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.95%	7.62%	+43.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.88%	7.32%	+38.56%

Dividends

AGX vs. XEON.DE - Dividend Comparison

AGX's dividend yield for the trailing twelve months is around 0.29%, while XEON.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.29%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGX and XEON.DE in my portfolio?

AGX and XEON.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.