DXS1.DE vs. XEON.DE
DXS1.DE (Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - DXS1.DE is a Money Market fund tracking the Solactive SONIA Daily 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, DXS1.DE returned 1.72%/yr vs 0.72%/yr for XEON.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
DXS1.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXS1.DE achieves a 3.66% return, which is significantly higher than XEON.DE's 0.98% return. Over the past 10 years, DXS1.DE has outperformed XEON.DE with an annualized return of 1.72%, while XEON.DE has yielded a comparatively lower 0.72% annualized return.
DXS1.DE
- 1D
- -0.04%
- 1M
- 1.20%
- 6M
- 3.49%
- YTD
- 3.66%
- 1Y
- 4.44%
- 3Y*
- 4.57%
- 5Y*
- 3.44%
- 10Y*
- 1.72%
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%
DXS1.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 3.66% | -0.80% | 10.14% | 6.73% | -4.26% | 7.63% | -5.68% | 6.58% | -1.34% | -3.51% |
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 DXS1.DE and XEON.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 (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.03 |
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Return for Risk
DXS1.DE vs. XEON.DE — Risk / Return Rank
DXS1.DE
XEON.DE
DXS1.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.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.
| DXS1.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.96 | ||
| Sortino ratioReturn per unit of downside risk | -20.44 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 4.45 | -3.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 69.56 | -66.86 |
| Martin ratioReturn relative to average drawdown | 6.84 | 323.59 | -316.76 |
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Drawdowns
DXS1.DE vs. XEON.DE - Drawdown Comparison
The maximum DXS1.DE drawdown since its inception was -30.55%, 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 DXS1.DE and XEON.DE.
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Drawdown Indicators
| DXS1.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -3.71% | -26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -0.03% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -0.08% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -7.36% | -0.66% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -16.71% | -3.21% | -13.50% |
Current DrawdownCurrent decline from peak | -2.91% | 0.00% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -0.88% | -11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.01% | +0.64% |
Volatility
DXS1.DE vs. XEON.DE - Volatility Comparison
Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) has a higher volatility of 0.81% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that DXS1.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
| DXS1.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.05% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 0.15% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 0.22% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 0.25% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 0.39% | +8.62% |
DXS1.DE vs. XEON.DE - Expense Ratio Comparison
Both DXS1.DE and XEON.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
DXS1.DE vs. XEON.DE - Dividend Comparison
DXS1.DE's dividend yield for the trailing twelve months is around 4.08%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 4.08% | 4.75% | 4.91% | 4.04% | 0.35% | 0.02% | 0.57% | 0.95% | 0.63% | 0.20% | 1.28% | 0.79% |
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
DXS1.DE and XEON.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DXS1.DE and XEON.DE have the same expense ratio: 0.10% per year.
DXS1.DE is categorized as Money Market, while XEON.DE is Bank Loan. DXS1.DE tracks Solactive SONIA Daily Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index.
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