XEOD.DE vs. E0UA.DE
XEOD.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D) and E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) are both Money Market funds - XEOD.DE tracks the €STR + 8.5 bps while E0UA.DE tracks the ICE 0-3 Month Euro Government Bill Index. Both are passively managed. Over the past year, XEOD.DE returned 1.99% vs 1.96% for E0UA.DE. At a correlation of -0.03, they often move in opposite directions. XEOD.DE charges 0.10%/yr vs 0.07%/yr for E0UA.DE.
Performance
XEOD.DE vs. E0UA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XEOD.DE having a 1.11% return and E0UA.DE slightly lower at 1.06%.
XEOD.DE
- 1D
- 0.00%
- 1M
- 0.22%
- 6M
- 1.04%
- YTD
- 1.11%
- 1Y
- 1.99%
- 3Y*
- 2.96%
- 5Y*
- 2.01%
- 10Y*
- 0.73%
E0UA.DE
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.01%
- YTD
- 1.06%
- 1Y
- 1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEOD.DE vs. E0UA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XEOD.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D | 1.11% | 2.22% | 0.26% |
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 1.06% | 2.15% | 0.26% |
Correlation
The correlation between XEOD.DE and E0UA.DE is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2024 | -0.03 |
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Return for Risk
XEOD.DE vs. E0UA.DE — Risk / Return Rank
XEOD.DE
E0UA.DE
XEOD.DE vs. E0UA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D (XEOD.DE) and iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| XEOD.DE | E0UA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +6.83 | ||
| Omega ratioGain probability vs. loss probability | 2.74 | 2.28 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 39.35 | 8.94 | +30.42 |
| Martin ratioReturn relative to average drawdown | 168.16 | 28.78 | +139.38 |
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Drawdowns
XEOD.DE vs. E0UA.DE - Drawdown Comparison
The maximum XEOD.DE drawdown since its inception was -8.62%, which is greater than E0UA.DE's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for XEOD.DE and E0UA.DE.
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Drawdown Indicators
| XEOD.DE | E0UA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.62% | -0.22% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -0.22% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -0.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.03% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -0.03% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.07% | -0.06% |
Volatility
XEOD.DE vs. E0UA.DE - Volatility Comparison
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D (XEOD.DE) has a higher volatility of 0.10% compared to iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) at 0.09%. This indicates that XEOD.DE's price experiences larger fluctuations and is considered to be riskier than E0UA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEOD.DE | E0UA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.09% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 0.41% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 0.60% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.30% | 0.53% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.25% | 0.53% | -0.28% |
XEOD.DE vs. E0UA.DE - Expense Ratio Comparison
XEOD.DE has a 0.10% expense ratio, which is higher than E0UA.DE's 0.07% 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
XEOD.DE vs. E0UA.DE - Dividend Comparison
XEOD.DE's dividend yield for the trailing twelve months is around 1.86%, while E0UA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEOD.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D | 1.86% | 2.33% | 3.69% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.83% | 0.01% |
Frequently Asked Questions
XEOD.DE and E0UA.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for XEOD.DE.
XEOD.DE tracks €STR + 8.5 bps, while E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XEOD.DE and 0.07% for E0UA.DE.
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