DBXT.DE vs. L8I3.DE
DBXT.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc)) and L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) are both Money Market funds - DBXT.DE tracks the Solactive €STR +8.5 Daily Index while L8I3.DE tracks the Solactive EUR Overnight Return Index. Both are passively managed. Over the past 10 years, DBXT.DE returned 0.73%/yr vs 0.67%/yr for L8I3.DE. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
DBXT.DE vs. L8I3.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DBXT.DE having a 1.02% return and L8I3.DE slightly higher at 1.03%. Over the past 10 years, DBXT.DE has outperformed L8I3.DE with an annualized return of 0.73%, while L8I3.DE has yielded a comparatively lower 0.67% annualized return.
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%
L8I3.DE
- 1D
- -0.01%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.00%
- 3Y*
- 2.93%
- 5Y*
- 1.92%
- 10Y*
- 0.67%
DBXT.DE vs. L8I3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXT.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) | 1.02% | 2.22% | 3.80% | 3.29% | -0.04% | -0.58% | -0.56% | -0.49% | -0.48% | -0.51% |
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.03% | 2.21% | 3.69% | 3.17% | -0.11% | -0.69% | -0.68% | -0.61% | -0.56% | -0.46% |
Correlation
The correlation between DBXT.DE and L8I3.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2008 | 0.29 |
The correlation between DBXT.DE and L8I3.DE shifts across timeframes, from 0.14 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBXT.DE vs. L8I3.DE — Risk / Return Rank
DBXT.DE
L8I3.DE
DBXT.DE vs. L8I3.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 Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.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 | L8I3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.20 | ||
| Sortino ratioReturn per unit of downside risk | +11.59 | ||
| Omega ratioGain probability vs. loss probability | 5.49 | 2.77 | +2.72 |
| Calmar ratioReturn relative to maximum drawdown | 73.33 | 45.01 | +28.33 |
| Martin ratioReturn relative to average drawdown | 349.66 | 172.38 | +177.28 |
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Drawdowns
DBXT.DE vs. L8I3.DE - Drawdown Comparison
The maximum DBXT.DE drawdown since its inception was -4.63%, which is greater than L8I3.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for DBXT.DE and L8I3.DE.
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Drawdown Indicators
| DBXT.DE | L8I3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -3.92% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -0.04% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | -0.07% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -1.59% | -0.78% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -4.14% | -3.59% | -0.55% |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.89% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
DBXT.DE vs. L8I3.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.DE) is 0.06%, while Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) has a volatility of 0.07%. This indicates that DBXT.DE experiences smaller price fluctuations and is considered to be less risky than L8I3.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 | L8I3.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% | 0.21% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 0.32% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 0.26% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.13% | 0.21% | +0.92% |
DBXT.DE vs. L8I3.DE - Expense Ratio Comparison
Both DBXT.DE and L8I3.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DBXT.DE vs. L8I3.DE - Dividend Comparison
Neither DBXT.DE nor L8I3.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXT.DE and L8I3.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBXT.DE and L8I3.DE have the same expense ratio: 0.10% per year.
DBXT.DE tracks Solactive €STR +8.5 Daily Index, while L8I3.DE tracks Solactive EUR Overnight Return Index. They also come from different issuers: Xtrackers and Amundi.
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