X03G.DE vs. XEON.DE
X03G.DE (Xtrackers II Germany Government Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - X03G.DE is a European Government Bonds fund tracking the iBoxx® EUR Germany, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, X03G.DE returned -1.28%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. X03G.DE charges 0.15%/yr vs 0.10%/yr for XEON.DE.
Performance
X03G.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03G.DE achieves a -0.04% return, which is significantly lower than XEON.DE's 0.80% return. Over the past 10 years, X03G.DE has underperformed XEON.DE with an annualized return of -1.28%, while XEON.DE has yielded a comparatively higher 0.70% annualized return.
X03G.DE
- 1D
- 0.11%
- 1M
- -0.00%
- YTD
- -0.04%
- 6M
- -0.24%
- 1Y
- -0.95%
- 3Y*
- 0.86%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
X03G.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03G.DE Xtrackers II Germany Government Bond UCITS ETF | -0.04% | -1.48% | 0.14% | 5.23% | -17.79% | -2.57% | 2.71% | 2.86% | 2.17% | -1.47% |
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% | -0.52% |
Correlation
The correlation between X03G.DE and XEON.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2011 | -0.02 |
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Return for Risk
X03G.DE vs. XEON.DE — Risk / Return Rank
X03G.DE
XEON.DE
X03G.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond UCITS ETF (X03G.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.
| X03G.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.31 | ||
| Sortino ratioReturn per unit of downside risk | -21.73 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 4.27 | -3.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 69.36 | -69.83 |
| Martin ratioReturn relative to average drawdown | -0.99 | 316.53 | -317.52 |
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
| X03G.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 8.94 | -9.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 7.54 | -8.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 1.78 | -2.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.74 | -0.69 |
Drawdowns
X03G.DE vs. XEON.DE - Drawdown Comparison
The maximum X03G.DE drawdown since its inception was -23.87%, 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 X03G.DE and XEON.DE.
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Drawdown Indicators
| X03G.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -3.71% | -20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -0.03% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -0.08% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -0.71% | -20.48% |
Max Drawdown (10Y)Largest decline over 10 years | -23.87% | -3.25% | -20.62% |
Current DrawdownCurrent decline from peak | -19.28% | -0.01% | -19.27% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -0.92% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.01% | +1.37% |
Volatility
X03G.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Germany Government Bond UCITS ETF (X03G.DE) has a higher volatility of 1.43% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that X03G.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
| X03G.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.04% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 0.16% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 0.22% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 0.25% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 0.39% | +4.76% |
X03G.DE vs. XEON.DE - Expense Ratio Comparison
X03G.DE has a 0.15% expense ratio, which is higher than XEON.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
X03G.DE vs. XEON.DE - Dividend Comparison
Neither X03G.DE nor XEON.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X03G.DE Xtrackers II Germany Government Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.33% |
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
X03G.DE and XEON.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for X03G.DE.
X03G.DE is categorized as European Government Bonds, while XEON.DE is Bank Loan. X03G.DE tracks iBoxx® EUR Germany, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.15% for X03G.DE and 0.10% for XEON.DE.
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