E0UA.DE vs. XEON.DE
E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - E0UA.DE is a Money Market fund tracking the ICE 0-3 Month Euro Government Bill Index, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past year, E0UA.DE returned 1.93% vs 1.95% for XEON.DE. At a 0.08 correlation, their price movements are largely independent. E0UA.DE charges 0.07%/yr vs 0.10%/yr for XEON.DE.
Performance
E0UA.DE vs. XEON.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with E0UA.DE having a 0.81% return and XEON.DE slightly lower at 0.80%.
E0UA.DE
- 1D
- -0.00%
- 1M
- 0.17%
- YTD
- 0.81%
- 6M
- 0.97%
- 1Y
- 1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
E0UA.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.81% | 2.15% | 0.22% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 0.27% |
Correlation
The correlation between E0UA.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 (All Time) Calculated using the full available price history since Dec 2, 2024 | 0.08 |
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Return for Risk
E0UA.DE vs. XEON.DE — Risk / Return Rank
E0UA.DE
XEON.DE
E0UA.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| E0UA.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.68 | ||
| Sortino ratioReturn per unit of downside risk | -15.96 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 4.27 | -1.91 |
| Calmar ratioReturn relative to maximum drawdown | 8.87 | 69.36 | -60.49 |
| Martin ratioReturn relative to average drawdown | 30.01 | 316.53 | -286.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| E0UA.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 8.94 | -5.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.87 | 0.74 | +3.13 |
Drawdowns
E0UA.DE vs. XEON.DE - Drawdown Comparison
The maximum E0UA.DE drawdown since its inception was -0.22%, smaller than the maximum XEON.DE drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for E0UA.DE and XEON.DE.
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Drawdown Indicators
| E0UA.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -3.71% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -0.03% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.01% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.92% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.01% | +0.05% |
Volatility
E0UA.DE vs. XEON.DE - Volatility Comparison
iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) has a higher volatility of 0.33% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that E0UA.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
| E0UA.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.04% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 0.16% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.59% | 0.22% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 0.25% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.55% | 0.39% | +0.16% |
E0UA.DE vs. XEON.DE - Expense Ratio Comparison
E0UA.DE has a 0.07% expense ratio, which is lower than XEON.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
E0UA.DE vs. XEON.DE - Dividend Comparison
Neither E0UA.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
E0UA.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.
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 XEON.DE.
E0UA.DE is categorized as Money Market, while XEON.DE is Bank Loan. E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for E0UA.DE and 0.10% for XEON.DE.
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