IS3S.DE vs. XEON.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value, 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, IS3S.DE returned 12.60%/yr vs 0.70%/yr for XEON.DE. At a 0.02 correlation, their price movements are largely independent. IS3S.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
IS3S.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 35.27% return, which is significantly higher than XEON.DE's 0.80% return. Over the past 10 years, IS3S.DE has outperformed XEON.DE with an annualized return of 12.60%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
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%
IS3S.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
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 IS3S.DE and XEON.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.02 |
The correlation between IS3S.DE and XEON.DE shifts across timeframes, from -0.03 (3 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3S.DE vs. XEON.DE — Risk / Return Rank
IS3S.DE
XEON.DE
IS3S.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IS3S.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.40 | ||
| Sortino ratioReturn per unit of downside risk | -15.10 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 4.27 | -2.44 |
| Calmar ratioReturn relative to maximum drawdown | 10.36 | 69.36 | -59.00 |
| Martin ratioReturn relative to average drawdown | 39.01 | 316.53 | -277.53 |
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
| IS3S.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.53 | 8.94 | -4.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 7.54 | -6.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 1.78 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.74 | -0.05 |
Drawdowns
IS3S.DE vs. XEON.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.18%, 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 IS3S.DE and XEON.DE.
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Drawdown Indicators
| IS3S.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -3.71% | -31.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -0.03% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -0.08% | -17.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -0.71% | -17.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -3.25% | -31.93% |
Current DrawdownCurrent decline from peak | -0.83% | -0.01% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -0.92% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.01% | +1.61% |
Volatility
IS3S.DE vs. XEON.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.62% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that IS3S.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
| IS3S.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.04% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 0.16% | +11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 0.22% | +13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 0.25% | +13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 0.39% | +15.37% |
IS3S.DE vs. XEON.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
IS3S.DE vs. XEON.DE - Dividend Comparison
Neither IS3S.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and XEON.DE have a correlation of 0.08, 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 IS3S.DE.
IS3S.DE is categorized as Global Equities, while XEON.DE is Bank Loan. IS3S.DE tracks MSCI World Enhanced Value, 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 IS3S.DE and 0.10% for XEON.DE.
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