SXRR.DE vs. XAT1.DE
SXRR.DE (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) and XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) are both Corporate Bonds funds - SXRR.DE tracks the Bloomberg US Floating Rate Notes 1-5 Year Index (EUR Hedged) while XAT1.DE tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. Both are passively managed. Over the past 5 years, SXRR.DE returned 2.44%/yr vs 0.68%/yr for XAT1.DE. At a 0.11 correlation, their price movements are largely independent. SXRR.DE charges 0.12%/yr vs 0.39%/yr for XAT1.DE.
Performance
SXRR.DE vs. XAT1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRR.DE achieves a 1.42% return, which is significantly higher than XAT1.DE's 0.81% return.
SXRR.DE
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.19%
- YTD
- 1.42%
- 1Y
- 2.61%
- 3Y*
- 3.68%
- 5Y*
- 2.44%
- 10Y*
- —
XAT1.DE
- 1D
- 0.00%
- 1M
- 0.06%
- 6M
- 0.39%
- YTD
- 0.81%
- 1Y
- 4.86%
- 3Y*
- 8.49%
- 5Y*
- 0.68%
- 10Y*
- —
SXRR.DE vs. XAT1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRR.DE iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 1.42% | 2.69% | 4.90% | 4.43% | -0.72% | -0.50% | -0.32% | 1.07% | -1.12% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.81% | 8.65% | 8.27% | 0.01% | -12.09% | 2.57% | 5.81% | 14.57% | -1.46% |
Correlation
The correlation between SXRR.DE and XAT1.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2018 | 0.11 |
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Return for Risk
SXRR.DE vs. XAT1.DE — Risk / Return Rank
SXRR.DE
XAT1.DE
SXRR.DE vs. XAT1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (SXRR.DE) and Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.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.
| SXRR.DE | XAT1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.19 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 11.00 | 1.33 | +9.67 |
| Martin ratioReturn relative to average drawdown | 34.86 | 5.15 | +29.71 |
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Drawdowns
SXRR.DE vs. XAT1.DE - Drawdown Comparison
The maximum SXRR.DE drawdown since its inception was -14.20%, smaller than the maximum XAT1.DE drawdown of -28.81%. Use the drawdown chart below to compare losses from any high point for SXRR.DE and XAT1.DE.
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Drawdown Indicators
| SXRR.DE | XAT1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.20% | -28.81% | +14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.24% | -3.64% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.36% | -4.62% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -2.72% | -27.73% | +25.01% |
Current DrawdownCurrent decline from peak | 0.00% | -0.86% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -6.27% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.94% | -0.87% |
Volatility
SXRR.DE vs. XAT1.DE - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (SXRR.DE) is 0.24%, while Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) has a volatility of 1.34%. This indicates that SXRR.DE experiences smaller price fluctuations and is considered to be less risky than XAT1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRR.DE | XAT1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 1.34% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 4.65% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.40% | 5.13% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 8.19% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 10.30% | -6.50% |
SXRR.DE vs. XAT1.DE - Expense Ratio Comparison
SXRR.DE has a 0.12% expense ratio, which is lower than XAT1.DE's 0.39% expense ratio.
Dividends
SXRR.DE vs. XAT1.DE - Dividend Comparison
SXRR.DE's dividend yield for the trailing twelve months is around 4.72%, less than XAT1.DE's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SXRR.DE iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.72% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 3.00% | 2.06% | 0.36% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 6.06% | 5.95% | 6.41% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.62% | 0.00% |
Frequently Asked Questions
SXRR.DE and XAT1.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRR.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRR.DE is cheaper with a 0.12% expense ratio, compared with 0.39% for XAT1.DE.
SXRR.DE tracks Bloomberg US Floating Rate Notes 1-5 Year Index (EUR Hedged), while XAT1.DE tracks Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SXRR.DE and 0.39% for XAT1.DE.
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