XDEQ.DE vs. XEON.DE
XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR 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, XDEQ.DE returned 12.38%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. XDEQ.DE charges 0.25%/yr vs 0.10%/yr for XEON.DE.
Performance
XDEQ.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEQ.DE achieves a 9.48% return, which is significantly higher than XEON.DE's 0.80% return. Over the past 10 years, XDEQ.DE has outperformed XEON.DE with an annualized return of 12.38%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
XDEQ.DE
- 1D
- 0.79%
- 1M
- 3.10%
- YTD
- 9.48%
- 6M
- 9.63%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
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%
XDEQ.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
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 XDEQ.DE and XEON.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
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 Oct 1, 2014 | -0.01 |
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Return for Risk
XDEQ.DE vs. XEON.DE — Risk / Return Rank
XDEQ.DE
XEON.DE
XDEQ.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.
| XDEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.16 | ||
| Sortino ratioReturn per unit of downside risk | -18.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 4.27 | -2.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 69.36 | -66.32 |
| Martin ratioReturn relative to average drawdown | 12.17 | 316.53 | -304.36 |
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
| XDEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 8.94 | -7.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 7.54 | -6.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.78 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.74 | +0.06 |
Drawdowns
XDEQ.DE vs. XEON.DE - Drawdown Comparison
The maximum XDEQ.DE drawdown since its inception was -32.16%, 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 XDEQ.DE and XEON.DE.
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Drawdown Indicators
| XDEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.16% | -3.71% | -28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -0.03% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -0.08% | -20.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -0.71% | -19.88% |
Max Drawdown (10Y)Largest decline over 10 years | -32.16% | -3.25% | -28.91% |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -0.92% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.01% | +1.55% |
Volatility
XDEQ.DE vs. XEON.DE - Volatility Comparison
Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) has a higher volatility of 2.36% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XDEQ.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
| XDEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 0.04% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 0.16% | +7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 0.22% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 0.25% | +13.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 0.39% | +14.96% |
XDEQ.DE vs. XEON.DE - Expense Ratio Comparison
XDEQ.DE has a 0.25% 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
XDEQ.DE vs. XEON.DE - Dividend Comparison
Neither XDEQ.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEQ.DE and XEON.DE have a correlation of -0.03, 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 0.25% for XDEQ.DE.
XDEQ.DE is categorized as Global Equities, while XEON.DE is Bank Loan. XDEQ.DE tracks MSCI ACWI NR USD, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.25% for XDEQ.DE and 0.10% for XEON.DE.
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