VECP.DE vs. XEON.DE
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - VECP.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.00, they often move in opposite directions. VECP.DE charges 0.09%/yr vs 0.10%/yr for XEON.DE.
Performance
VECP.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VECP.DE achieves a 0.52% return, which is significantly lower than XEON.DE's 0.80% return.
VECP.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 0.52%
- 6M
- 0.36%
- 1Y
- 1.80%
- 3Y*
- 4.57%
- 5Y*
- 0.20%
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.97%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
VECP.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.52% | 3.00% | 4.33% | 7.73% | -13.11% | -0.93% | 2.85% | 6.02% | -1.10% | 0.23% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.09% |
Correlation
The correlation between VECP.DE and XEON.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | -0.00 |
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Return for Risk
VECP.DE vs. XEON.DE — Risk / Return Rank
VECP.DE
XEON.DE
VECP.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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.
| VECP.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.38 | ||
| Sortino ratioReturn per unit of downside risk | -20.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 4.27 | -3.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 69.36 | -68.68 |
| Martin ratioReturn relative to average drawdown | 2.33 | 316.53 | -314.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VECP.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 8.94 | -8.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 7.54 | -7.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.74 | -0.55 |
Drawdowns
VECP.DE vs. XEON.DE - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, 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 VECP.DE and XEON.DE.
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Drawdown Indicators
| VECP.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -3.71% | -13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -0.03% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -0.08% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -0.71% | -16.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.01% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -0.92% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.01% | +0.76% |
Volatility
VECP.DE vs. XEON.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) has a higher volatility of 1.22% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that VECP.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
| VECP.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.04% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 0.16% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 0.22% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 0.25% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 0.39% | +4.69% |
VECP.DE vs. XEON.DE - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than XEON.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VECP.DE vs. XEON.DE - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.41%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.41% | 3.43% | 3.37% | 3.00% | 1.45% | 0.66% | 0.76% | 0.79% | 0.97% | 0.19% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VECP.DE and XEON.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for XEON.DE.
VECP.DE is categorized as European Corporate Bonds, while XEON.DE is Bank Loan. VECP.DE tracks Bloomberg Euro Corp TR EUR, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.09% for VECP.DE and 0.10% for XEON.DE.
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