X03F.DE vs. XEON.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - X03F.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, 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, X03F.DE returned -0.56%/yr vs 0.73%/yr for XEON.DE. At a 0.01 correlation, their price movements are largely independent. X03F.DE charges 0.09%/yr vs 0.10%/yr for XEON.DE.
Performance
X03F.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly lower than XEON.DE's 1.05% return. Over the past 10 years, X03F.DE has underperformed XEON.DE with an annualized return of -0.56%, while XEON.DE has yielded a comparatively higher 0.73% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
XEON.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 1.01%
- YTD
- 1.05%
- 1Y
- 1.97%
- 3Y*
- 2.94%
- 5Y*
- 2.00%
- 10Y*
- 0.73%
X03F.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.05% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between X03F.DE and XEON.DE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.01 |
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Return for Risk
X03F.DE vs. XEON.DE — Risk / Return Rank
X03F.DE
XEON.DE
X03F.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.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.
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.
| X03F.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.10 | ||
| Sortino ratioReturn per unit of downside risk | -21.97 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 4.49 | -3.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 69.27 | -69.24 |
| Martin ratioReturn relative to average drawdown | 0.07 | 324.04 | -323.97 |
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Drawdowns
X03F.DE vs. XEON.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, 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 X03F.DE and XEON.DE.
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Drawdown Indicators
| X03F.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -3.71% | -18.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -0.03% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -0.08% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -0.64% | -20.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -3.20% | -19.27% |
Current DrawdownCurrent decline from peak | -14.42% | -0.00% | -14.42% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.88% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.01% | +1.45% |
Volatility
X03F.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) has a higher volatility of 1.16% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that X03F.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
| X03F.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.04% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 0.14% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 0.22% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 0.25% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 0.39% | +4.87% |
X03F.DE vs. XEON.DE - Expense Ratio Comparison
X03F.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
X03F.DE vs. XEON.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
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% | 0.00% |
Frequently Asked Questions
X03F.DE and XEON.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03F.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for XEON.DE.
X03F.DE is categorized as European Government Bonds, while XEON.DE is Money Market. X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.09% for X03F.DE and 0.10% for XEON.DE.
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