IBCI.DE vs. XEON.DE
IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - IBCI.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Euro Government Inflation-Linked Bond 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, IBCI.DE returned 1.55%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.00, they often move in opposite directions. IBCI.DE charges 0.09%/yr vs 0.10%/yr for XEON.DE.
Performance
IBCI.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCI.DE achieves a 3.15% return, which is significantly higher than XEON.DE's 0.80% return. Over the past 10 years, IBCI.DE has outperformed XEON.DE with an annualized return of 1.55%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
IBCI.DE
- 1D
- -0.08%
- 1M
- 0.19%
- YTD
- 3.15%
- 6M
- 2.77%
- 1Y
- 3.37%
- 3Y*
- 1.96%
- 5Y*
- 0.72%
- 10Y*
- 1.55%
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%
IBCI.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 3.15% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.83% | 6.31% | -1.54% | 1.05% |
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% | -0.52% |
Correlation
The correlation between IBCI.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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | -0.00 |
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Return for Risk
IBCI.DE vs. XEON.DE — Risk / Return Rank
IBCI.DE
XEON.DE
IBCI.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.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.
| IBCI.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.07 | ||
| Sortino ratioReturn per unit of downside risk | -20.00 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 4.27 | -3.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 69.36 | -67.59 |
| Martin ratioReturn relative to average drawdown | 4.25 | 316.53 | -312.28 |
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
| IBCI.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 8.94 | -8.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 7.54 | -7.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 1.78 | -1.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.74 | -0.48 |
Drawdowns
IBCI.DE vs. XEON.DE - Drawdown Comparison
The maximum IBCI.DE drawdown since its inception was -16.37%, 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 IBCI.DE and XEON.DE.
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Drawdown Indicators
| IBCI.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -3.71% | -12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -0.03% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -0.08% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -0.71% | -15.66% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -3.25% | -13.12% |
Current DrawdownCurrent decline from peak | -5.54% | -0.01% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -0.92% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.01% | +0.77% |
Volatility
IBCI.DE vs. XEON.DE - Volatility Comparison
iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) has a higher volatility of 1.58% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that IBCI.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
| IBCI.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.04% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.16% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 0.22% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 0.25% | +6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 0.39% | +5.77% |
IBCI.DE vs. XEON.DE - Expense Ratio Comparison
IBCI.DE has a 0.09% 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
IBCI.DE vs. XEON.DE - Dividend Comparison
Neither IBCI.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCI.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, IBCI.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for XEON.DE.
IBCI.DE is categorized as Inflation-Protected Bonds, while XEON.DE is Bank Loan. IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for IBCI.DE and 0.10% for XEON.DE.
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