DX2Z.DE vs. XEON.DE
DX2Z.DE (Xtrackers S&P Select Frontier Swap UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - DX2Z.DE is a Emerging Markets Equities fund tracking the S&P Select Frontier 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, DX2Z.DE returned 11.40%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. DX2Z.DE charges 0.95%/yr vs 0.10%/yr for XEON.DE.
Performance
DX2Z.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2Z.DE achieves a 10.31% return, which is significantly higher than XEON.DE's 0.98% return. Over the past 10 years, DX2Z.DE has outperformed XEON.DE with an annualized return of 11.40%, while XEON.DE has yielded a comparatively lower 0.72% annualized return.
DX2Z.DE
- 1D
- 0.61%
- 1M
- 2.36%
- 6M
- 8.54%
- YTD
- 10.31%
- 1Y
- 29.81%
- 3Y*
- 18.61%
- 5Y*
- 12.91%
- 10Y*
- 11.40%
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%
DX2Z.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX2Z.DE Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) | 10.31% | 18.38% | 30.33% | 20.29% | -15.40% | 26.53% | -13.05% | 26.32% | -14.75% | 22.09% |
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 DX2Z.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 | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2008 | -0.02 |
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Return for Risk
DX2Z.DE vs. XEON.DE — Risk / Return Rank
DX2Z.DE
XEON.DE
DX2Z.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.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.
| DX2Z.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.48 | ||
| Sortino ratioReturn per unit of downside risk | -19.82 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 4.45 | -3.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 69.56 | -67.31 |
| Martin ratioReturn relative to average drawdown | 6.70 | 323.59 | -316.90 |
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Drawdowns
DX2Z.DE vs. XEON.DE - Drawdown Comparison
The maximum DX2Z.DE drawdown since its inception was -76.62%, 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 DX2Z.DE and XEON.DE.
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Drawdown Indicators
| DX2Z.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.62% | -3.71% | -72.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -0.03% | -13.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.17% | -0.08% | -20.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -0.66% | -22.44% |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | -3.21% | -42.33% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -44.91% | -0.88% | -44.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 0.01% | +4.43% |
Volatility
DX2Z.DE vs. XEON.DE - Volatility Comparison
Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) has a higher volatility of 3.87% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that DX2Z.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
| DX2Z.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 0.05% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 0.15% | +13.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 0.22% | +18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 0.25% | +18.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 0.39% | +18.39% |
DX2Z.DE vs. XEON.DE - Expense Ratio Comparison
DX2Z.DE has a 0.95% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
DX2Z.DE vs. XEON.DE - Dividend Comparison
Neither DX2Z.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2Z.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 0.95% for DX2Z.DE.
DX2Z.DE is categorized as Emerging Markets Equities, while XEON.DE is Bank Loan. DX2Z.DE tracks S&P Select Frontier Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.95% for DX2Z.DE and 0.10% for XEON.DE.
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