L8I3.DE vs. DXS1.DE

Last updated Jul 4, 2026

L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and DXS1.DE (Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)) are both Money Market funds - L8I3.DE tracks the Solactive EUR Overnight Return Index while DXS1.DE tracks the Solactive SONIA Daily Index. Both are passively managed. Over the past 10 years, L8I3.DE returned 0.67%/yr vs 1.72%/yr for DXS1.DE. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.

Performance

L8I3.DE vs. DXS1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) and Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, L8I3.DE achieves a 1.03% return, which is significantly lower than DXS1.DE's 3.66% return. Over the past 10 years, L8I3.DE has underperformed DXS1.DE with an annualized return of 0.67%, while DXS1.DE has yielded a comparatively higher 1.72% 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%

DXS1.DE

• 1D: -0.04%
• 1M: 1.20%
• 6M: 3.49%
• YTD: 3.66%
• 1Y: 4.44%
• 3Y*: 4.57%
• 5Y*: 3.44%
• 10Y*: 1.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

L8I3.DE vs. DXS1.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%
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)	3.66%	-0.80%	10.14%	6.73%	-4.26%	7.63%	-5.68%	6.58%	-1.34%	-3.51%

Correlation

The correlation between L8I3.DE and DXS1.DE is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Mar 14, 2008	0.00

Return for Risk

L8I3.DE vs. DXS1.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

L8I3.DE

L8I3.DE Risk / Return Rank: 99
L8I3.DE Sharpe Ratio Rank: 99
L8I3.DE Sortino Ratio Rank: 99
L8I3.DE Omega Ratio Rank: 99
L8I3.DE Calmar Ratio Rank: 99
L8I3.DE Martin Ratio Rank: 99

DXS1.DE

DXS1.DE Risk / Return Rank: 43
DXS1.DE Sharpe Ratio Rank: 35
DXS1.DE Sortino Ratio Rank: 32
DXS1.DE Omega Ratio Rank: 33
DXS1.DE Calmar Ratio Rank: 67
DXS1.DE Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

L8I3.DE vs. DXS1.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 GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.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	DXS1.DE	Difference
Sharpe ratio: Return per unit of total volatility	6.17	1.10	+5.07
Sortino ratio: Return per unit of downside risk	13.15	1.53	+11.61
Omega ratio: Gain probability vs. loss probability	2.77	1.20	+1.57
Calmar ratio: Return relative to maximum drawdown	45.01	2.70	+42.30
Martin ratio: Return relative to average drawdown	172.38	6.84	+165.54

L8I3.DE vs. DXS1.DE - Sharpe Ratio Comparison

The current L8I3.DE Sharpe Ratio is 6.17, which is higher than the DXS1.DE Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of L8I3.DE and DXS1.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

L8I3.DE vs. DXS1.DE - Drawdown Comparison

The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum DXS1.DE drawdown of -30.55%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and DXS1.DE.

Drawdown Indicators

	L8I3.DE	DXS1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-3.92%	-30.55%	+26.63%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-1.64%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-0.07%	-4.61%	+4.54%
Max Drawdown (5Y) Largest decline over 5 years	-0.78%	-7.36%	+6.58%
Max Drawdown (10Y) Largest decline over 10 years	-3.59%	-16.71%	+13.12%
Current Drawdown Current decline from peak	-0.01%	-2.91%	+2.90%
Average Drawdown Average peak-to-trough decline	-0.89%	-12.80%	+11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.65%	-0.64%

Volatility

L8I3.DE vs. DXS1.DE - Volatility Comparison

The current volatility for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) is 0.07%, while Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) has a volatility of 0.81%. This indicates that L8I3.DE experiences smaller price fluctuations and is considered to be less risky than DXS1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	L8I3.DE	DXS1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	0.81%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	0.21%	2.72%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	4.06%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	5.38%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.21%	9.01%	-8.80%

L8I3.DE vs. DXS1.DE - Expense Ratio Comparison

Both L8I3.DE and DXS1.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. DXS1.DE - Dividend Comparison

L8I3.DE has not paid dividends to shareholders, while DXS1.DE's dividend yield for the trailing twelve months is around 4.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)	4.08%	4.75%	4.91%	4.04%	0.35%	0.02%	0.57%	0.95%	0.63%	0.20%	1.28%	0.79%
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc)	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

Can I hold both L8I3.DE and DXS1.DE in my portfolio?

L8I3.DE and DXS1.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, L8I3.DE or DXS1.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, L8I3.DE or DXS1.DE?

L8I3.DE and DXS1.DE have the same expense ratio: 0.10% per year.

What is the main difference between L8I3.DE and DXS1.DE?

L8I3.DE tracks Solactive EUR Overnight Return Index, while DXS1.DE tracks Solactive SONIA Daily Index. They also come from different issuers: Amundi and Xtrackers.