L8I3.DE vs. DBXT.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and DBXT.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc)) are both Money Market funds - L8I3.DE tracks the Solactive EUR Overnight Return Index while DBXT.DE tracks the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, L8I3.DE returned 0.67%/yr vs 0.73%/yr for DBXT.DE. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
L8I3.DE vs. DBXT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with L8I3.DE having a 1.03% return and DBXT.DE slightly lower at 1.02%. Over the past 10 years, L8I3.DE has underperformed DBXT.DE with an annualized return of 0.67%, while DBXT.DE has yielded a comparatively higher 0.73% annualized return.
L8I3.DE
- 1D
- -0.01%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.00%
- 3Y*
- 2.93%
- 5Y*
- 1.92%
- 10Y*
- 0.67%
DBXT.DE
- 1D
- 0.02%
- 1M
- 0.19%
- 6M
- 0.99%
- YTD
- 1.02%
- 1Y
- 1.99%
- 3Y*
- 2.99%
- 5Y*
- 1.99%
- 10Y*
- 0.73%
L8I3.DE vs. DBXT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.03% | 2.21% | 3.69% | 3.17% | -0.11% | -0.69% | -0.68% | -0.61% | -0.56% | -0.46% |
DBXT.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) | 1.02% | 2.22% | 3.80% | 3.29% | -0.04% | -0.58% | -0.56% | -0.49% | -0.48% | -0.51% |
Correlation
The correlation between L8I3.DE and DBXT.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2008 | 0.29 |
The correlation between L8I3.DE and DBXT.DE shifts across timeframes, from 0.14 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
L8I3.DE vs. DBXT.DE — Risk / Return Rank
L8I3.DE
DBXT.DE
L8I3.DE vs. DBXT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.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.
| L8I3.DE | DBXT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -11.59 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 5.49 | -2.72 |
| Calmar ratioReturn relative to maximum drawdown | 45.01 | 73.33 | -28.33 |
| Martin ratioReturn relative to average drawdown | 172.38 | 349.66 | -177.28 |
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Drawdowns
L8I3.DE vs. DBXT.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum DBXT.DE drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and DBXT.DE.
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Drawdown Indicators
| L8I3.DE | DBXT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -4.63% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.03% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -0.12% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -0.78% | -1.59% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -3.59% | -4.14% | +0.55% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -0.90% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
L8I3.DE vs. DBXT.DE - Volatility Comparison
Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) has a higher volatility of 0.07% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF (Acc) (DBXT.DE) at 0.06%. This indicates that L8I3.DE's price experiences larger fluctuations and is considered to be riskier than DBXT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L8I3.DE | DBXT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 0.06% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 0.14% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 0.19% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 0.87% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 1.13% | -0.92% |
L8I3.DE vs. DBXT.DE - Expense Ratio Comparison
Both L8I3.DE and DBXT.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
L8I3.DE vs. DBXT.DE - Dividend Comparison
Neither L8I3.DE nor DBXT.DE has paid dividends to shareholders.
Frequently Asked Questions
L8I3.DE and DBXT.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
L8I3.DE and DBXT.DE have the same expense ratio: 0.10% per year.
L8I3.DE tracks Solactive EUR Overnight Return Index, while DBXT.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Amundi and Xtrackers.
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