D5BB.DE vs. XEON.DE
D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - D5BB.DE is a European Government Bonds fund tracking the iBoxx® EUR Germany, 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, D5BB.DE returned -1.28%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. D5BB.DE charges 0.15%/yr vs 0.10%/yr for XEON.DE.
Performance
D5BB.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BB.DE achieves a -0.06% return, which is significantly lower than XEON.DE's 0.80% return. Over the past 10 years, D5BB.DE has underperformed XEON.DE with an annualized return of -1.28%, while XEON.DE has yielded a comparatively higher 0.70% annualized return.
D5BB.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.06%
- 6M
- -0.23%
- 1Y
- -0.99%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
D5BB.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -17.79% | -2.56% | 2.70% | 2.83% | 2.38% | -1.64% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between D5BB.DE and XEON.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | -0.01 |
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Return for Risk
D5BB.DE vs. XEON.DE — Risk / Return Rank
D5BB.DE
XEON.DE
D5BB.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond UCITS ETF (D5BB.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.
| D5BB.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.31 | ||
| Sortino ratioReturn per unit of downside risk | -21.74 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 4.27 | -3.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 69.36 | -69.84 |
| Martin ratioReturn relative to average drawdown | -1.00 | 316.53 | -317.53 |
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
| D5BB.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 8.94 | -9.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 7.54 | -8.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | 1.78 | -2.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.74 | -0.57 |
Drawdowns
D5BB.DE vs. XEON.DE - Drawdown Comparison
The maximum D5BB.DE drawdown since its inception was -23.86%, 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 D5BB.DE and XEON.DE.
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Drawdown Indicators
| D5BB.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -3.71% | -20.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.03% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -0.08% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -0.71% | -20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -23.86% | -3.25% | -20.61% |
Current DrawdownCurrent decline from peak | -19.30% | -0.01% | -19.29% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -0.92% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.01% | +1.38% |
Volatility
D5BB.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) has a higher volatility of 1.45% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that D5BB.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
| D5BB.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 0.04% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 0.16% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 0.22% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 0.25% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 0.39% | +4.87% |
D5BB.DE vs. XEON.DE - Expense Ratio Comparison
D5BB.DE has a 0.15% 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
D5BB.DE vs. XEON.DE - Dividend Comparison
D5BB.DE's dividend yield for the trailing twelve months is around 1.70%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
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
D5BB.DE and XEON.DE have a correlation of -0.02, 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 0.15% for D5BB.DE.
D5BB.DE is categorized as European Government Bonds, while XEON.DE is Bank Loan. D5BB.DE tracks iBoxx® EUR Germany, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.15% for D5BB.DE and 0.10% for XEON.DE.
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