CGB.DE vs. XEON.DE
CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - CGB.DE is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, CGB.DE returned 2.48%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.03, they often move in opposite directions. CGB.DE charges 0.20%/yr vs 0.10%/yr for XEON.DE.
Performance
CGB.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CGB.DE achieves a 8.00% return, which is significantly higher than XEON.DE's 0.98% return. Over the past 10 years, CGB.DE has outperformed XEON.DE with an annualized return of 2.48%, while XEON.DE has yielded a comparatively lower 0.72% annualized return.
CGB.DE
- 1D
- 0.40%
- 1M
- 1.32%
- 6M
- 7.77%
- YTD
- 8.00%
- 1Y
- 11.41%
- 3Y*
- 3.87%
- 5Y*
- 3.23%
- 10Y*
- 2.48%
XEON.DE
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 0.97%
- YTD
- 0.98%
- 1Y
- 1.98%
- 3Y*
- 2.96%
- 5Y*
- 1.98%
- 10Y*
- 0.72%
CGB.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.00% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.98% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between CGB.DE and XEON.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | -0.03 |
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Return for Risk
CGB.DE vs. XEON.DE — Risk / Return Rank
CGB.DE
XEON.DE
CGB.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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.
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.
| CGB.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.10 | ||
| Sortino ratioReturn per unit of downside risk | -19.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 4.45 | -3.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 69.56 | -65.55 |
| Martin ratioReturn relative to average drawdown | 11.91 | 323.59 | -311.68 |
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Drawdowns
CGB.DE vs. XEON.DE - Drawdown Comparison
The maximum CGB.DE drawdown since its inception was -20.06%, 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 CGB.DE and XEON.DE.
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Drawdown Indicators
| CGB.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -3.71% | -16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -0.03% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -0.08% | -11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -0.66% | -13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -3.21% | -11.43% |
Current DrawdownCurrent decline from peak | -0.94% | 0.00% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -0.88% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.01% | +0.95% |
Volatility
CGB.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a higher volatility of 1.70% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that CGB.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
| CGB.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.05% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 0.15% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 0.22% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 0.25% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 0.39% | +10.67% |
CGB.DE vs. XEON.DE - Expense Ratio Comparison
CGB.DE has a 0.20% 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
CGB.DE vs. XEON.DE - Dividend Comparison
CGB.DE's dividend yield for the trailing twelve months is around 2.00%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 2.00% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
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% |
Frequently Asked Questions
CGB.DE and XEON.DE have a correlation of -0.09, 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 0.20% for CGB.DE.
CGB.DE is categorized as Emerging Markets Bonds, while XEON.DE is Bank Loan. CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.20% for CGB.DE and 0.10% for XEON.DE.
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