IS3C.DE vs. XEON.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, IS3C.DE returned 0.58%/yr vs 0.73%/yr for XEON.DE. At a 0.02 correlation, their price movements are largely independent. IS3C.DE charges 0.50%/yr vs 0.10%/yr for XEON.DE.
Performance
IS3C.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a 0.51% return, which is significantly lower than XEON.DE's 1.05% return. Over the past 10 years, IS3C.DE has underperformed XEON.DE with an annualized return of 0.58%, while XEON.DE has yielded a comparatively higher 0.73% annualized return.
IS3C.DE
- 1D
- 0.07%
- 1M
- -0.73%
- 6M
- 0.77%
- YTD
- 0.51%
- 1Y
- 7.31%
- 3Y*
- 6.39%
- 5Y*
- -0.53%
- 10Y*
- 0.58%
XEON.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 1.01%
- YTD
- 1.05%
- 1Y
- 1.97%
- 3Y*
- 2.94%
- 5Y*
- 2.00%
- 10Y*
- 0.73%
IS3C.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.51% | 11.38% | 3.94% | 7.55% | -20.58% | -3.52% | 3.22% | 12.59% | -8.60% | 7.87% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.05% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between IS3C.DE and XEON.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2013 | 0.02 |
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Return for Risk
IS3C.DE vs. XEON.DE — Risk / Return Rank
IS3C.DE
XEON.DE
IS3C.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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.
| IS3C.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.97 | ||
| Sortino ratioReturn per unit of downside risk | -20.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 4.49 | -3.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 69.27 | -67.74 |
| Martin ratioReturn relative to average drawdown | 5.86 | 324.04 | -318.19 |
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Drawdowns
IS3C.DE vs. XEON.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, 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 IS3C.DE and XEON.DE.
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Drawdown Indicators
| IS3C.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -3.71% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -0.03% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -0.08% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -0.64% | -29.82% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | -3.20% | -27.58% |
Current DrawdownCurrent decline from peak | -4.26% | -0.00% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -0.88% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.01% | +1.24% |
Volatility
IS3C.DE vs. XEON.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a higher volatility of 0.98% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that IS3C.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
| IS3C.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.04% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 0.14% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 0.22% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 0.25% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 0.39% | +8.90% |
IS3C.DE vs. XEON.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
IS3C.DE vs. XEON.DE - Dividend Comparison
IS3C.DE's dividend yield for the trailing twelve months is around 5.65%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 5.65% | 5.43% | 5.65% | 5.51% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
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
IS3C.DE and XEON.DE have a correlation of 0.10, 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 0.50% for IS3C.DE.
IS3C.DE is categorized as Emerging Markets Bonds, while XEON.DE is Money Market. IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IS3C.DE and 0.10% for XEON.DE.
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