EM1C.DE vs. XEON.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - EM1C.DE is a Emerging Markets Bonds fund tracking the JP Morgan GBI-Emerging Markets Global Core, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, EM1C.DE returned 2.23%/yr vs 1.94%/yr for XEON.DE. At a 0.00 correlation, their price movements are largely independent. EM1C.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
EM1C.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EM1C.DE achieves a 2.30% return, which is significantly higher than XEON.DE's 0.80% return.
EM1C.DE
- 1D
- -0.08%
- 1M
- 0.68%
- YTD
- 2.30%
- 6M
- 2.26%
- 1Y
- 7.29%
- 3Y*
- 4.00%
- 5Y*
- 2.23%
- 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%
EM1C.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | -6.16% | 12.05% | -4.25% | -3.96% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.36% |
Correlation
The correlation between EM1C.DE and XEON.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 2, 2017 | 0.00 |
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Return for Risk
EM1C.DE vs. XEON.DE — Risk / Return Rank
EM1C.DE
XEON.DE
EM1C.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.
| EM1C.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.54 | ||
| Sortino ratioReturn per unit of downside risk | -19.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 4.27 | -3.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 69.36 | -67.32 |
| Martin ratioReturn relative to average drawdown | 6.75 | 316.53 | -309.78 |
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
| EM1C.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 8.94 | -7.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 7.54 | -7.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.74 | -0.65 |
Drawdowns
EM1C.DE vs. XEON.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -18.83%, 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 EM1C.DE and XEON.DE.
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Drawdown Indicators
| EM1C.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -3.71% | -15.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.03% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -0.08% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -0.71% | -7.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.01% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -0.92% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.01% | +1.03% |
Volatility
EM1C.DE vs. XEON.DE - Volatility Comparison
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a higher volatility of 1.55% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that EM1C.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
| EM1C.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.04% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 0.16% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 0.22% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 0.25% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 0.39% | +7.67% |
EM1C.DE vs. XEON.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
EM1C.DE vs. XEON.DE - Dividend Comparison
Neither EM1C.DE nor XEON.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EM1C.DE and XEON.DE have a correlation of -0.06, 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 0.30% for EM1C.DE.
EM1C.DE is categorized as Emerging Markets Bonds, while XEON.DE is Bank Loan. EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.30% for EM1C.DE and 0.10% for XEON.DE.
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