XDED.DE vs. XEON.DE
XDED.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 2D) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XDED.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 3 years, XDED.DE returned 12.11%/yr vs 2.99%/yr for XEON.DE. At a correlation of -0.08, they often move in opposite directions. XDED.DE charges 0.20%/yr vs 0.10%/yr for XEON.DE.
Performance
XDED.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDED.DE achieves a 10.41% return, which is significantly higher than XEON.DE's 0.80% return.
XDED.DE
- 1D
- 0.26%
- 1M
- 3.92%
- YTD
- 10.41%
- 6M
- 10.28%
- 1Y
- 18.11%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
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%
XDED.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 10.41% | -0.44% | 18.53% | 10.75% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 2.81% |
Correlation
The correlation between XDED.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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023 | -0.08 |
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Return for Risk
XDED.DE vs. XEON.DE — Risk / Return Rank
XDED.DE
XEON.DE
XDED.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.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.
| XDED.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.29 | ||
| Sortino ratioReturn per unit of downside risk | -18.91 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 4.27 | -2.97 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 69.36 | -65.90 |
| Martin ratioReturn relative to average drawdown | 10.28 | 316.53 | -306.25 |
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
| XDED.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 8.94 | -7.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.74 | +0.16 |
Drawdowns
XDED.DE vs. XEON.DE - Drawdown Comparison
The maximum XDED.DE drawdown since its inception was -22.63%, 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 XDED.DE and XEON.DE.
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Drawdown Indicators
| XDED.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.63% | -3.71% | -18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -0.03% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -0.08% | -22.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -0.92% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.01% | +1.71% |
Volatility
XDED.DE vs. XEON.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.DE) has a higher volatility of 2.08% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XDED.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
| XDED.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 0.04% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 0.16% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 0.22% | +10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 0.25% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 0.39% | +13.00% |
XDED.DE vs. XEON.DE - Expense Ratio Comparison
XDED.DE has a 0.20% 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
XDED.DE vs. XEON.DE - Dividend Comparison
XDED.DE's dividend yield for the trailing twelve months is around 1.25%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 1.25% | 1.35% | 1.61% | 0.83% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDED.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 0.20% for XDED.DE.
XDED.DE is categorized as S&P 500, while XEON.DE is Bank Loan. XDED.DE tracks S&P 500 Equal Weight Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.20% for XDED.DE and 0.10% for XEON.DE.
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