DBXT.DE vs. E0UA.DE
DBXT.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc)) and E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) are both Money Market funds - DBXT.DE tracks the Solactive €STR +8.5 Daily Index while E0UA.DE tracks the ICE 0-3 Month Euro Government Bill Index. Both are passively managed. Over the past year, DBXT.DE returned 1.99% vs 1.96% for E0UA.DE. At a 0.07 correlation, their price movements are largely independent. DBXT.DE charges 0.10%/yr vs 0.07%/yr for E0UA.DE.
Performance
DBXT.DE vs. E0UA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DBXT.DE having a 1.02% return and E0UA.DE slightly lower at 1.00%.
DBXT.DE
- 1D
- 0.02%
- 1M
- 0.19%
- 6M
- 0.99%
- YTD
- 1.02%
- 1Y
- 1.99%
- 3Y*
- 2.99%
- 5Y*
- 1.99%
- 10Y*
- 0.73%
E0UA.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.00%
- YTD
- 1.00%
- 1Y
- 1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBXT.DE vs. E0UA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DBXT.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) | 1.02% | 2.22% | 0.28% |
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 1.00% | 2.15% | 0.26% |
Correlation
The correlation between DBXT.DE and E0UA.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 (All Time) Calculated using the full available price history since Nov 29, 2024 | 0.07 |
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Return for Risk
DBXT.DE vs. E0UA.DE — Risk / Return Rank
DBXT.DE
E0UA.DE
DBXT.DE vs. E0UA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.DE) and iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| DBXT.DE | E0UA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.10 | ||
| Sortino ratioReturn per unit of downside risk | +19.43 | ||
| Omega ratioGain probability vs. loss probability | 5.49 | 2.32 | +3.17 |
| Calmar ratioReturn relative to maximum drawdown | 73.33 | 8.94 | +64.39 |
| Martin ratioReturn relative to average drawdown | 349.66 | 28.82 | +320.84 |
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Drawdowns
DBXT.DE vs. E0UA.DE - Drawdown Comparison
The maximum DBXT.DE drawdown since its inception was -4.63%, which is greater than E0UA.DE's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for DBXT.DE and E0UA.DE.
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Drawdown Indicators
| DBXT.DE | E0UA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -0.22% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -0.22% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.14% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.03% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.07% | -0.06% |
Volatility
DBXT.DE vs. E0UA.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.DE) is 0.06%, while iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) has a volatility of 0.07%. This indicates that DBXT.DE experiences smaller price fluctuations and is considered to be less risky than E0UA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXT.DE | E0UA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.07% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 0.41% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 0.60% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 0.54% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.13% | 0.54% | +0.59% |
DBXT.DE vs. E0UA.DE - Expense Ratio Comparison
DBXT.DE has a 0.10% expense ratio, which is higher than E0UA.DE's 0.07% 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
DBXT.DE vs. E0UA.DE - Dividend Comparison
Neither DBXT.DE nor E0UA.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXT.DE and E0UA.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, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for DBXT.DE.
DBXT.DE tracks Solactive €STR +8.5 Daily Index, while E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for DBXT.DE and 0.07% for E0UA.DE.
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