L8I3.DE vs. XEOD.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and XEOD.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D) are both Money Market funds - L8I3.DE tracks the Solactive EUR Overnight Return Index while XEOD.DE tracks the €STR + 8.5 bps. Both are passively managed. Over the past 10 years, L8I3.DE returned 0.67%/yr vs 0.72%/yr for XEOD.DE. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
L8I3.DE vs. XEOD.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 XEOD.DE slightly lower at 1.01%. Over the past 10 years, L8I3.DE has underperformed XEOD.DE with an annualized return of 0.67%, while XEOD.DE has yielded a comparatively higher 0.72% 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%
XEOD.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 0.96%
- YTD
- 1.01%
- 1Y
- 1.96%
- 3Y*
- 2.96%
- 5Y*
- 1.98%
- 10Y*
- 0.72%
L8I3.DE vs. XEOD.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% |
XEOD.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D | 1.01% | 2.22% | 3.75% | 3.32% | -0.03% | -0.58% | -0.58% | -0.49% | -0.49% | -0.54% |
Correlation
The correlation between L8I3.DE and XEOD.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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2008 | 0.39 |
The correlation between L8I3.DE and XEOD.DE shifts across timeframes, from -0.03 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
L8I3.DE vs. XEOD.DE — Risk / Return Rank
L8I3.DE
XEOD.DE
L8I3.DE vs. XEOD.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 1D (XEOD.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 | XEOD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 2.71 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 45.01 | 38.69 | +6.32 |
| Martin ratioReturn relative to average drawdown | 172.38 | 166.31 | +6.08 |
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Drawdowns
L8I3.DE vs. XEOD.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum XEOD.DE drawdown of -8.62%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and XEOD.DE.
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Drawdown Indicators
| L8I3.DE | XEOD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -8.62% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.05% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -0.19% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.78% | -0.66% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -3.59% | -3.23% | -0.36% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -2.23% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
L8I3.DE vs. XEOD.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 1D (XEOD.DE) at 0.05%. This indicates that L8I3.DE's price experiences larger fluctuations and is considered to be riskier than XEOD.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 | XEOD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 0.05% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 0.25% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 0.31% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 0.30% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 0.25% | -0.04% |
L8I3.DE vs. XEOD.DE - Expense Ratio Comparison
Both L8I3.DE and XEOD.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. XEOD.DE - Dividend Comparison
L8I3.DE has not paid dividends to shareholders, while XEOD.DE's dividend yield for the trailing twelve months is around 1.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XEOD.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D | 1.86% | 2.33% | 3.69% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.83% | 0.01% |
Frequently Asked Questions
L8I3.DE and XEOD.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.
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 XEOD.DE have the same expense ratio: 0.10% per year.
L8I3.DE tracks Solactive EUR Overnight Return Index, while XEOD.DE tracks €STR + 8.5 bps. They also come from different issuers: Amundi and Xtrackers.
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