DBXS.DE vs. XEON.DE
DBXS.DE (Xtrackers Switzerland UCITS ETF (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - DBXS.DE is a Europe Equities fund tracking the Solactive Swiss Large Cap 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, DBXS.DE returned 9.86%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. DBXS.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
DBXS.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXS.DE achieves a 11.71% return, which is significantly higher than XEON.DE's 0.98% return. Over the past 10 years, DBXS.DE has outperformed XEON.DE with an annualized return of 9.86%, while XEON.DE has yielded a comparatively lower 0.72% annualized return.
DBXS.DE
- 1D
- 0.45%
- 1M
- 9.25%
- 6M
- 11.50%
- YTD
- 11.71%
- 1Y
- 24.84%
- 3Y*
- 12.39%
- 5Y*
- 8.88%
- 10Y*
- 9.86%
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%
DBXS.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 11.71% | 19.12% | 3.77% | 10.63% | -11.87% | 28.73% | 1.61% | 35.45% | -4.24% | 7.02% |
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 DBXS.DE and XEON.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
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 2, 2008 | -0.02 |
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Return for Risk
DBXS.DE vs. XEON.DE — Risk / Return Rank
DBXS.DE
XEON.DE
DBXS.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Switzerland UCITS ETF (Dist) (DBXS.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.
| DBXS.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.27 | ||
| Sortino ratioReturn per unit of downside risk | -19.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 4.45 | -3.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 69.56 | -67.51 |
| Martin ratioReturn relative to average drawdown | 7.07 | 323.59 | -316.53 |
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Drawdowns
DBXS.DE vs. XEON.DE - Drawdown Comparison
The maximum DBXS.DE drawdown since its inception was -48.29%, 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 DBXS.DE and XEON.DE.
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Drawdown Indicators
| DBXS.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.29% | -3.71% | -44.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -0.03% | -12.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -0.08% | -14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -0.66% | -16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -3.21% | -21.93% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -0.88% | -7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.01% | +3.50% |
Volatility
DBXS.DE vs. XEON.DE - Volatility Comparison
Xtrackers Switzerland UCITS ETF (Dist) (DBXS.DE) has a higher volatility of 3.96% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that DBXS.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
| DBXS.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 0.05% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 0.15% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 0.22% | +13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 0.25% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 0.39% | +13.60% |
DBXS.DE vs. XEON.DE - Expense Ratio Comparison
DBXS.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
DBXS.DE vs. XEON.DE - Dividend Comparison
DBXS.DE's dividend yield for the trailing twelve months is around 1.36%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 1.36% | 1.52% | 1.63% | 1.76% | 3.25% | 1.20% | 1.59% | 1.21% | 2.35% | 1.32% | 1.06% | 1.25% |
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
DBXS.DE and XEON.DE have a correlation of -0.04, 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 0.30% for DBXS.DE.
DBXS.DE is categorized as Europe Equities, while XEON.DE is Bank Loan. DBXS.DE tracks Solactive Swiss Large Cap Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.30% for DBXS.DE and 0.10% for XEON.DE.
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