XB4F.DE vs. XEON.DE
XB4F.DE (Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XB4F.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Corporate SRI PAB, 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, XB4F.DE returned 0.83%/yr vs 0.73%/yr for XEON.DE. At a 0.01 correlation, their price movements are largely independent. XB4F.DE charges 0.16%/yr vs 0.10%/yr for XEON.DE.
Performance
XB4F.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4F.DE achieves a 0.35% return, which is significantly lower than XEON.DE's 1.05% return. Over the past 10 years, XB4F.DE has outperformed XEON.DE with an annualized return of 0.83%, while XEON.DE has yielded a comparatively lower 0.73% annualized return.
XB4F.DE
- 1D
- 0.04%
- 1M
- -0.46%
- 6M
- -0.05%
- YTD
- 0.35%
- 1Y
- 1.07%
- 3Y*
- 4.08%
- 5Y*
- -0.19%
- 10Y*
- 0.83%
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%
XB4F.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XB4F.DE Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF | 0.35% | 2.84% | 4.19% | 7.30% | -13.32% | -1.08% | 2.40% | 6.10% | -1.71% | 2.90% |
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 XB4F.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 | -0.01 |
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 Oct 18, 2010 | 0.01 |
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Return for Risk
XB4F.DE vs. XEON.DE — Risk / Return Rank
XB4F.DE
XEON.DE
XB4F.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF (XB4F.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.
| XB4F.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.78 | ||
| Sortino ratioReturn per unit of downside risk | -21.52 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 4.49 | -3.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 69.27 | -68.86 |
| Martin ratioReturn relative to average drawdown | 1.29 | 324.04 | -322.76 |
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Drawdowns
XB4F.DE vs. XEON.DE - Drawdown Comparison
The maximum XB4F.DE drawdown since its inception was -16.97%, 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 XB4F.DE and XEON.DE.
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Drawdown Indicators
| XB4F.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.97% | -3.71% | -13.26% |
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 | -16.97% | -0.64% | -16.33% |
Max Drawdown (10Y)Largest decline over 10 years | -16.97% | -3.20% | -13.77% |
Current DrawdownCurrent decline from peak | -1.58% | -0.00% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -0.88% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.01% | +0.82% |
Volatility
XB4F.DE vs. XEON.DE - Volatility Comparison
Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF (XB4F.DE) has a higher volatility of 0.77% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XB4F.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
| XB4F.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.04% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 0.14% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 0.22% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 0.25% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 0.39% | +4.74% |
XB4F.DE vs. XEON.DE - Expense Ratio Comparison
XB4F.DE has a 0.16% 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
XB4F.DE vs. XEON.DE - Dividend Comparison
XB4F.DE's dividend yield for the trailing twelve months is around 2.63%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XB4F.DE Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF | 2.63% | 2.44% | 2.59% | 1.66% | 1.30% | 2.23% | 0.43% | 0.59% | 0.62% |
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% |
Frequently Asked Questions
XB4F.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, 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 0.16% for XB4F.DE.
XB4F.DE is categorized as European Corporate Bonds, while XEON.DE is Money Market. XB4F.DE tracks Bloomberg MSCI Euro Corporate SRI PAB, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.16% for XB4F.DE and 0.10% for XEON.DE.
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