DBXP.DE vs. XEON.DE
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - DBXP.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3, 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, DBXP.DE returned 0.22%/yr vs 0.70%/yr for XEON.DE. At a 0.09 correlation, their price movements are largely independent. DBXP.DE charges 0.15%/yr vs 0.10%/yr for XEON.DE.
Performance
DBXP.DE vs. XEON.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.04% return, which is significantly lower than XEON.DE's 0.80% return. Over the past 10 years, DBXP.DE has underperformed XEON.DE with an annualized return of 0.22%, while XEON.DE has yielded a comparatively higher 0.70% annualized return.
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
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%
DBXP.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
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 DBXP.DE and XEON.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007 | 0.09 |
The correlation between DBXP.DE and XEON.DE shifts across timeframes, from -0.05 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBXP.DE vs. XEON.DE — Risk / Return Rank
DBXP.DE
XEON.DE
DBXP.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| DBXP.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.28 | ||
| Sortino ratioReturn per unit of downside risk | -20.26 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 4.27 | -3.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 69.36 | -68.72 |
| Martin ratioReturn relative to average drawdown | 2.08 | 316.53 | -314.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DBXP.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 8.94 | -8.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 7.54 | -7.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 1.78 | -1.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.74 | -0.18 |
Drawdowns
DBXP.DE vs. XEON.DE - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, 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 DBXP.DE and XEON.DE.
Loading charts...
Drawdown Indicators
| DBXP.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -3.71% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -0.03% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -0.08% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -0.71% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -3.25% | -3.52% |
Current DrawdownCurrent decline from peak | -0.55% | -0.01% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -0.92% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.01% | +0.38% |
Volatility
DBXP.DE vs. XEON.DE - Volatility Comparison
Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) has a higher volatility of 0.46% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that DBXP.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.
Loading charts...
Volatility by Period
| DBXP.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.04% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 0.16% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 0.22% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 0.25% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 0.39% | +1.41% |
DBXP.DE vs. XEON.DE - Expense Ratio Comparison
DBXP.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
DBXP.DE vs. XEON.DE - Dividend Comparison
Neither DBXP.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXP.DE and XEON.DE have a correlation of -0.05, 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 DBXP.DE.
DBXP.DE is categorized as European Government Bonds, while XEON.DE is Bank Loan. DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.15% for DBXP.DE and 0.10% for XEON.DE.
Find the right allocation for DBXP.DE and XEON.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer