XBAG.DE vs. XEON.DE
XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XBAG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, 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, XBAG.DE returned -0.06%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
XBAG.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAG.DE achieves a 0.49% return, which is significantly lower than XEON.DE's 0.80% return. Over the past 10 years, XBAG.DE has underperformed XEON.DE with an annualized return of -0.06%, while XEON.DE has yielded a comparatively higher 0.70% annualized return.
XBAG.DE
- 1D
- 0.04%
- 1M
- 0.60%
- YTD
- 0.49%
- 6M
- -0.07%
- 1Y
- -0.20%
- 3Y*
- 0.24%
- 5Y*
- -1.25%
- 10Y*
- -0.06%
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%
XBAG.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 0.49% | -3.89% | 3.40% | 1.86% | -11.56% | 2.92% | -0.49% | 9.25% | 3.04% | -6.07% |
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 XBAG.DE and XEON.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | -0.03 |
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Return for Risk
XBAG.DE vs. XEON.DE — Risk / Return Rank
XBAG.DE
XEON.DE
XBAG.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.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.
| XBAG.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.99 | ||
| Sortino ratioReturn per unit of downside risk | -21.29 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 4.27 | -3.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 69.36 | -69.44 |
| Martin ratioReturn relative to average drawdown | -0.16 | 316.53 | -316.70 |
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
| XBAG.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 8.94 | -8.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 7.54 | -7.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 1.78 | -1.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.74 | -0.46 |
Drawdowns
XBAG.DE vs. XEON.DE - Drawdown Comparison
The maximum XBAG.DE drawdown since its inception was -16.64%, 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 XBAG.DE and XEON.DE.
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Drawdown Indicators
| XBAG.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -3.71% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -0.03% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -7.49% | -0.08% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -0.71% | -15.10% |
Max Drawdown (10Y)Largest decline over 10 years | -16.64% | -3.25% | -13.39% |
Current DrawdownCurrent decline from peak | -12.21% | -0.01% | -12.20% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -0.92% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.01% | +1.22% |
Volatility
XBAG.DE vs. XEON.DE - Volatility Comparison
Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) has a higher volatility of 0.99% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XBAG.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
| XBAG.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.04% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 0.16% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 0.22% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 0.25% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 0.39% | +5.53% |
XBAG.DE vs. XEON.DE - Expense Ratio Comparison
Both XBAG.DE and XEON.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XBAG.DE vs. XEON.DE - Dividend Comparison
XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 3.00% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% |
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
XBAG.DE and XEON.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XBAG.DE and XEON.DE have the same expense ratio: 0.10% per year.
XBAG.DE is categorized as Global Bonds, while XEON.DE is Bank Loan. XBAG.DE tracks Bloomberg Global Aggregate TR USD, while XEON.DE tracks Solactive €STR +8.5 Daily Index.
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