XCHA.DE vs. XEON.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XCHA.DE is a China Equities fund tracking the MSCI China A Onshore NR CNY, 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, XCHA.DE returned 9.08%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. XCHA.DE charges 0.50%/yr vs 0.10%/yr for XEON.DE.
Performance
XCHA.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than XEON.DE's 0.80% return. Over the past 10 years, XCHA.DE has outperformed XEON.DE with an annualized return of 9.08%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
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%
XCHA.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
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 XCHA.DE and XEON.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2012 | -0.02 |
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Return for Risk
XCHA.DE vs. XEON.DE — Risk / Return Rank
XCHA.DE
XEON.DE
XCHA.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.
| XCHA.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.46 | ||
| Sortino ratioReturn per unit of downside risk | -18.98 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 4.27 | -2.86 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 69.36 | -66.98 |
| Martin ratioReturn relative to average drawdown | 4.62 | 316.53 | -311.91 |
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
| XCHA.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 8.94 | -7.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 7.54 | -7.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 1.78 | -1.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.74 | -0.43 |
Drawdowns
XCHA.DE vs. XEON.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, 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 XCHA.DE and XEON.DE.
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Drawdown Indicators
| XCHA.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -3.71% | -48.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -0.03% | -16.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -0.08% | -26.24% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -0.71% | -36.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -3.25% | -35.30% |
Current DrawdownCurrent decline from peak | -1.81% | -0.01% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -0.92% | -21.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 0.01% | +8.47% |
Volatility
XCHA.DE vs. XEON.DE - Volatility Comparison
Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) has a higher volatility of 5.10% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XCHA.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
| XCHA.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 0.04% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 0.16% | +10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 0.22% | +26.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 0.25% | +23.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 0.39% | +22.81% |
XCHA.DE vs. XEON.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
XCHA.DE vs. XEON.DE - Dividend Comparison
Neither XCHA.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XCHA.DE and XEON.DE have a correlation of -0.04, 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 0.50% for XCHA.DE.
XCHA.DE is categorized as China Equities, while XEON.DE is Bank Loan. XCHA.DE tracks MSCI China A Onshore NR CNY, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.50% for XCHA.DE and 0.10% for XEON.DE.
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