EIB3.DE vs. XEON.DE
Compare and contrast key facts about Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE).
EIB3.DE and XEON.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIB3.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg Euro Government Select 1-3. It was launched on Aug 28, 2019. XEON.DE is a passively managed fund by Xtrackers that tracks the performance of the Solactive €STR +8.5 Daily Index. It was launched on May 27, 2007. Both EIB3.DE and XEON.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIB3.DE or XEON.DE.
Key characteristics
| EIB3.DE | XEON.DE | |
|---|---|---|
| YTD Return | 0.03% | 2.77% |
| 1Y Return | 1.76% | 3.96% |
| 3Y Return (Ann) | -1.47% | 1.91% |
| 5Y Return (Ann) | -1.06% | 0.92% |
| Sharpe Ratio | 0.93 | 18.07 |
| Daily Std Dev | 1.91% | 0.21% |
| Max Drawdown | -7.26% | -3.71% |
| Current Drawdown | -5.48% | 0.00% |
Correlation
The correlation between EIB3.DE and XEON.DE is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EIB3.DE vs. XEON.DE - Performance Comparison
In the year-to-date period, EIB3.DE achieves a 0.03% return, which is significantly lower than XEON.DE's 2.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EIB3.DE vs. XEON.DE - Expense Ratio Comparison
Both EIB3.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%.
Risk-Adjusted Performance
EIB3.DE vs. XEON.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
Dividends
EIB3.DE vs. XEON.DE - Dividend Comparison
Neither EIB3.DE nor XEON.DE has paid dividends to shareholders.
Drawdowns
EIB3.DE vs. XEON.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -7.26%, 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 EIB3.DE and XEON.DE. For additional features, visit the drawdowns tool.
Volatility
EIB3.DE vs. XEON.DE - Volatility Comparison
Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) have volatilities of 1.70% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.