XDGE.DE vs. XEON.DE
XDGE.DE (Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XDGE.DE is a Corporate Bonds fund tracking the Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged), 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, XDGE.DE returned 0.13%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. XDGE.DE charges 0.21%/yr vs 0.10%/yr for XEON.DE.
Performance
XDGE.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDGE.DE achieves a -0.24% return, which is significantly lower than XEON.DE's 0.98% return. Over the past 10 years, XDGE.DE has underperformed XEON.DE with an annualized return of 0.13%, while XEON.DE has yielded a comparatively higher 0.72% annualized return.
XDGE.DE
- 1D
- 0.10%
- 1M
- 0.29%
- 6M
- 0.05%
- YTD
- -0.24%
- 1Y
- 2.22%
- 3Y*
- 2.89%
- 5Y*
- -2.37%
- 10Y*
- 0.13%
XEON.DE
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 0.97%
- YTD
- 0.98%
- 1Y
- 1.98%
- 3Y*
- 2.96%
- 5Y*
- 1.98%
- 10Y*
- 0.72%
XDGE.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | -0.24% | 5.66% | -0.80% | 6.42% | -19.81% | -2.73% | 8.97% | 14.64% | -7.06% | 5.12% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.98% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between XDGE.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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016 | -0.02 |
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Return for Risk
XDGE.DE vs. XEON.DE — Risk / Return Rank
XDGE.DE
XEON.DE
XDGE.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.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.
| XDGE.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.65 | ||
| Sortino ratioReturn per unit of downside risk | -21.36 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 4.45 | -3.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 69.56 | -68.96 |
| Martin ratioReturn relative to average drawdown | 1.47 | 323.59 | -322.12 |
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Drawdowns
XDGE.DE vs. XEON.DE - Drawdown Comparison
The maximum XDGE.DE drawdown since its inception was -27.36%, 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 XDGE.DE and XEON.DE.
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Drawdown Indicators
| XDGE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -3.71% | -23.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -0.03% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -8.34% | -0.08% | -8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -0.66% | -26.32% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -3.21% | -24.15% |
Current DrawdownCurrent decline from peak | -13.43% | 0.00% | -13.43% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -0.88% | -8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.01% | +1.49% |
Volatility
XDGE.DE vs. XEON.DE - Volatility Comparison
Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.DE) has a higher volatility of 1.16% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that XDGE.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
| XDGE.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.05% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 0.15% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 0.22% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 0.25% | +8.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.03% | 0.39% | +7.64% |
XDGE.DE vs. XEON.DE - Expense Ratio Comparison
XDGE.DE has a 0.21% 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
XDGE.DE vs. XEON.DE - Dividend Comparison
XDGE.DE's dividend yield for the trailing twelve months is around 4.58%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | 4.58% | 4.71% | 5.47% | 3.79% | 7.81% | 3.10% | 4.79% | 2.91% | 2.56% | 1.70% |
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% |
Frequently Asked Questions
XDGE.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 0.21% for XDGE.DE.
XDGE.DE is categorized as Corporate Bonds, while XEON.DE is Bank Loan. XDGE.DE tracks Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged), while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.21% for XDGE.DE and 0.10% for XEON.DE.
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