VTIP vs. XEON.DE
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, VTIP returned 3.08%/yr vs 1.16%/yr for XEON.DE. At a 0.23 correlation, their price movements are largely independent. VTIP charges 0.03%/yr vs 0.10%/yr for XEON.DE.
Performance
VTIP vs. XEON.DE - Performance Comparison
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Different Trading Currencies
VTIP is traded in USD, while XEON.DE is traded in EUR. To make them comparable, the XEON.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VTIP achieves a 1.84% return, which is significantly higher than XEON.DE's -1.60% return. Over the past 10 years, VTIP has outperformed XEON.DE with an annualized return of 3.08%, while XEON.DE has yielded a comparatively lower 1.16% annualized return.
VTIP
- 1D
- -0.07%
- 1M
- 0.31%
- 6M
- 1.84%
- YTD
- 1.84%
- 1Y
- 3.37%
- 3Y*
- 5.12%
- 5Y*
- 3.21%
- 10Y*
- 3.08%
- ALL TIME*
- 2.22%
XEON.DE
- 1D
- 0.00%
- 1M
- -0.13%
- 6M
- -0.80%
- YTD
- -1.60%
- 1Y
- 0.33%
- 3Y*
- 3.90%
- 5Y*
- 1.39%
- 10Y*
- 1.16%
- ALL TIME*
- -0.69%
VTIP vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.84% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -1.60% | 15.43% | -2.15% | 6.56% | -5.55% | -8.43% | 9.15% | -2.59% | -5.15% | 13.55% |
Correlation
The correlation between VTIP and XEON.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.23 |
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Return for Risk
VTIP vs. XEON.DE — Risk / Return Rank
VTIP
XEON.DE
VTIP vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) 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.
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.
| VTIP | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.01 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 0.07 | +4.68 |
| Martin ratioReturn relative to average drawdown | 15.14 | 0.14 | +15.01 |
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Drawdowns
VTIP vs. XEON.DE - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum XEON.DE drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VTIP and XEON.DE.
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Drawdown Indicators
| VTIP | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -40.00% | +33.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.71% | -4.95% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -7.52% | +6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -19.76% | +14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | -25.15% | +18.88% |
Current DrawdownCurrent decline from peak | -0.22% | -20.50% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -21.76% | +20.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.42% | -2.20% |
Volatility
VTIP vs. XEON.DE - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.44%, while Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) has a volatility of 1.22%. This indicates that VTIP experiences smaller price fluctuations and is considered to be less risky 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
| VTIP | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.22% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 4.48% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 6.26% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 7.61% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 7.25% | -4.51% |
VTIP vs. XEON.DE - Expense Ratio Comparison
VTIP has a 0.03% 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
VTIP vs. XEON.DE - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 4.15%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.15% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
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% | 0.00% |
Frequently Asked Questions
VTIP and XEON.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.10% for XEON.DE.
VTIP is categorized as Inflation-Protected Bonds, while XEON.DE is Money Market. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.03% for VTIP and 0.10% for XEON.DE.
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