IS3V.DE vs. XEON.DE
IS3V.DE (iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - IS3V.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond (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 5 years, IS3V.DE returned -3.15%/yr vs 2.00%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. IS3V.DE charges 0.20%/yr vs 0.10%/yr for XEON.DE.
Performance
IS3V.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3V.DE achieves a 0.22% return, which is significantly lower than XEON.DE's 1.05% return.
IS3V.DE
- 1D
- 0.22%
- 1M
- -0.66%
- 6M
- -0.22%
- YTD
- 0.22%
- 1Y
- 1.56%
- 3Y*
- 0.74%
- 5Y*
- -3.15%
- 10Y*
- —
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%
IS3V.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3V.DE iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc | 0.22% | 2.48% | -2.21% | 1.80% | -19.24% | 4.95% | 5.21% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.05% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.40% |
Correlation
The correlation between IS3V.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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | -0.02 |
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Return for Risk
IS3V.DE vs. XEON.DE — Risk / Return Rank
IS3V.DE
XEON.DE
IS3V.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.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.
| IS3V.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.81 | ||
| Sortino ratioReturn per unit of downside risk | -21.56 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 4.49 | -3.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 69.27 | -68.75 |
| Martin ratioReturn relative to average drawdown | 1.12 | 324.04 | -322.93 |
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Drawdowns
IS3V.DE vs. XEON.DE - Drawdown Comparison
The maximum IS3V.DE drawdown since its inception was -24.46%, 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 IS3V.DE and XEON.DE.
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Drawdown Indicators
| IS3V.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -3.71% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -0.03% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -0.08% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -0.64% | -23.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.20% | — |
Current DrawdownCurrent decline from peak | -18.75% | -0.00% | -18.75% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -0.88% | -12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.01% | +1.38% |
Volatility
IS3V.DE vs. XEON.DE - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) has a higher volatility of 1.23% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that IS3V.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
| IS3V.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.04% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 0.14% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 0.22% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 0.25% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 0.39% | +6.94% |
IS3V.DE vs. XEON.DE - Expense Ratio Comparison
IS3V.DE has a 0.20% expense ratio, which is higher than XEON.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3V.DE vs. XEON.DE - Dividend Comparison
Neither IS3V.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3V.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 0.20% for IS3V.DE.
IS3V.DE is categorized as Inflation-Protected Bonds, while XEON.DE is Money Market. IS3V.DE tracks Bloomberg World Government Inflation-Linked Bond (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: 0.20% for IS3V.DE and 0.10% for XEON.DE.
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