IS3Q.DE vs. XEON.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality, 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, IS3Q.DE returned 12.05%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. IS3Q.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
IS3Q.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 9.47% return, which is significantly higher than XEON.DE's 0.80% return. Over the past 10 years, IS3Q.DE has outperformed XEON.DE with an annualized return of 12.05%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
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%
IS3Q.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
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 IS3Q.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 (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | -0.01 |
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Return for Risk
IS3Q.DE vs. XEON.DE — Risk / Return Rank
IS3Q.DE
XEON.DE
IS3Q.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IS3Q.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.17 | ||
| Sortino ratioReturn per unit of downside risk | -18.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 4.27 | -2.94 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 69.36 | -66.39 |
| Martin ratioReturn relative to average drawdown | 11.80 | 316.53 | -304.73 |
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
| IS3Q.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 8.94 | -7.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 7.54 | -6.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 1.78 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.74 | +0.03 |
Drawdowns
IS3Q.DE vs. XEON.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.31%, 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 IS3Q.DE and XEON.DE.
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Drawdown Indicators
| IS3Q.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -3.71% | -28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -0.03% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -0.08% | -20.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -0.71% | -19.92% |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | -3.25% | -29.06% |
Current DrawdownCurrent decline from peak | -0.12% | -0.01% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -0.92% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.01% | +1.59% |
Volatility
IS3Q.DE vs. XEON.DE - Volatility Comparison
iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) has a higher volatility of 2.37% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that IS3Q.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
| IS3Q.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.04% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 0.16% | +7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 0.22% | +10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 0.25% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 0.39% | +14.50% |
IS3Q.DE vs. XEON.DE - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
IS3Q.DE vs. XEON.DE - Dividend Comparison
Neither IS3Q.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3Q.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, 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 IS3Q.DE.
IS3Q.DE is categorized as Global Equities, while XEON.DE is Bank Loan. IS3Q.DE tracks MSCI World Sector Neutral Quality, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.30% for IS3Q.DE and 0.10% for XEON.DE.
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