DBXG.DE vs. XEON.DE
DBXG.DE (Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - DBXG.DE is a Government Bonds fund tracking the iBoxx EUR Eurozone 25+ 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, DBXG.DE returned -3.94%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. DBXG.DE charges 0.15%/yr vs 0.10%/yr for XEON.DE.
Performance
DBXG.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXG.DE achieves a 1.36% return, which is significantly higher than XEON.DE's 0.98% return. Over the past 10 years, DBXG.DE has underperformed XEON.DE with an annualized return of -3.94%, while XEON.DE has yielded a comparatively higher 0.72% annualized return.
DBXG.DE
- 1D
- -0.30%
- 1M
- 0.94%
- 6M
- 2.61%
- YTD
- 1.36%
- 1Y
- -3.17%
- 3Y*
- -1.97%
- 5Y*
- -10.45%
- 10Y*
- -3.94%
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%
DBXG.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXG.DE Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) | 1.36% | -9.41% | -3.96% | 9.47% | -40.42% | -9.69% | 16.29% | 21.12% | 4.90% | -2.36% |
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 DBXG.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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.01 |
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Return for Risk
DBXG.DE vs. XEON.DE — Risk / Return Rank
DBXG.DE
XEON.DE
DBXG.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.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.
| DBXG.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.35 | ||
| Sortino ratioReturn per unit of downside risk | -22.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 4.45 | -3.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 69.56 | -70.03 |
| Martin ratioReturn relative to average drawdown | -0.90 | 323.59 | -324.49 |
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Drawdowns
DBXG.DE vs. XEON.DE - Drawdown Comparison
The maximum DBXG.DE drawdown since its inception was -53.51%, 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 DBXG.DE and XEON.DE.
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Drawdown Indicators
| DBXG.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.51% | -3.71% | -49.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -0.03% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -0.08% | -17.54% |
Max Drawdown (5Y)Largest decline over 5 years | -51.05% | -0.66% | -50.39% |
Max Drawdown (10Y)Largest decline over 10 years | -53.51% | -3.21% | -50.30% |
Current DrawdownCurrent decline from peak | -48.73% | 0.00% | -48.73% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -0.88% | -15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.01% | +3.41% |
Volatility
DBXG.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond 25+ UCITS ETF (Acc) (DBXG.DE) has a higher volatility of 2.60% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that DBXG.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
| DBXG.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 0.05% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 0.15% | +8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.03% | 0.22% | +10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 0.25% | +17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 0.39% | +14.78% |
DBXG.DE vs. XEON.DE - Expense Ratio Comparison
DBXG.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
DBXG.DE vs. XEON.DE - Dividend Comparison
Neither DBXG.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXG.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 DBXG.DE.
DBXG.DE is categorized as Government Bonds, while XEON.DE is Bank Loan. DBXG.DE tracks iBoxx EUR Eurozone 25+ Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.15% for DBXG.DE and 0.10% for XEON.DE.
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