DBXT.DE vs. ZPRM.DE
DBXT.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc)) and ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) are both Money Market funds - DBXT.DE tracks the Solactive €STR +8.5 Daily Index while ZPRM.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged). Both are passively managed. Over the past 5 years, DBXT.DE returned 2.01%/yr vs 13.05%/yr for ZPRM.DE. At a 0.00 correlation, their price movements are largely independent. DBXT.DE charges 0.10%/yr vs 0.05%/yr for ZPRM.DE.
Performance
DBXT.DE vs. ZPRM.DE - Performance Comparison
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Different Trading Currencies
DBXT.DE is traded in EUR, while ZPRM.DE is traded in USD. To make them comparable, the ZPRM.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBXT.DE achieves a 1.06% return, which is significantly lower than ZPRM.DE's 9.57% return.
DBXT.DE
- 1D
- -0.01%
- 1M
- 0.17%
- 6M
- 1.00%
- YTD
- 1.06%
- 1Y
- 1.97%
- 3Y*
- 2.96%
- 5Y*
- 2.01%
- 10Y*
- 0.73%
ZPRM.DE
- 1D
- -0.40%
- 1M
- 0.43%
- 6M
- 7.29%
- YTD
- 9.57%
- 1Y
- 17.32%
- 3Y*
- 8.05%
- 5Y*
- 13.05%
- 10Y*
- —
DBXT.DE vs. ZPRM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBXT.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) | 1.06% | 2.22% | 3.80% | 3.29% | -0.04% | -0.58% | -0.56% | -0.08% |
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 9.57% | 9.28% | -1.25% | 25.81% | 20.17% | 10.13% | -9.18% | 14.71% |
Correlation
The correlation between DBXT.DE and ZPRM.DE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.00 |
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Return for Risk
DBXT.DE vs. ZPRM.DE — Risk / Return Rank
DBXT.DE
ZPRM.DE
DBXT.DE vs. ZPRM.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 State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.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 | ZPRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.07 | ||
| Sortino ratioReturn per unit of downside risk | +21.15 | ||
| Omega ratioGain probability vs. loss probability | 5.38 | 1.44 | +3.94 |
| Calmar ratioReturn relative to maximum drawdown | 72.54 | 6.89 | +65.65 |
| Martin ratioReturn relative to average drawdown | 344.05 | 22.04 | +322.01 |
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Drawdowns
DBXT.DE vs. ZPRM.DE - Drawdown Comparison
The maximum DBXT.DE drawdown since its inception was -4.63%, smaller than the maximum ZPRM.DE drawdown of -27.92%. Use the drawdown chart below to compare losses from any high point for DBXT.DE and ZPRM.DE.
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Drawdown Indicators
| DBXT.DE | ZPRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -27.92% | +23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.50% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | -16.86% | +16.74% |
Max Drawdown (5Y)Largest decline over 5 years | -1.54% | -16.86% | +15.32% |
Max Drawdown (10Y)Largest decline over 10 years | -4.13% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.49% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -6.41% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.78% | -0.77% |
Volatility
DBXT.DE vs. ZPRM.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.DE) is 0.06%, while State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has a volatility of 2.28%. This indicates that DBXT.DE experiences smaller price fluctuations and is considered to be less risky than ZPRM.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 | ZPRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.28% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 6.06% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 7.86% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.87% | 10.79% | -9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.13% | 13.87% | -12.74% |
DBXT.DE vs. ZPRM.DE - Expense Ratio Comparison
DBXT.DE has a 0.10% expense ratio, which is higher than ZPRM.DE's 0.05% 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. ZPRM.DE - Dividend Comparison
Neither DBXT.DE nor ZPRM.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXT.DE and ZPRM.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRM.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRM.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for DBXT.DE.
DBXT.DE tracks Solactive €STR +8.5 Daily Index, while ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged). They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.10% for DBXT.DE and 0.05% for ZPRM.DE.
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