XEON.DE vs. AVWS.DE

Last updated Jun 5, 2026

XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XEON.DE is passively managed, while AVWS.DE is actively managed. Over the past year, XEON.DE returned 1.94% vs 34.17% for AVWS.DE. At a correlation of -0.12, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.39%/yr for AVWS.DE.

Performance

XEON.DE vs. AVWS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEON.DE achieves a 0.80% return, which is significantly lower than AVWS.DE's 18.42% return.

XEON.DE

• 1D: -0.01%
• 1M: 0.12%
• YTD: 0.80%
• 6M: 0.97%
• 1Y: 1.94%
• 3Y*: 2.99%
• 5Y*: 1.94%
• 10Y*: 0.70%

AVWS.DE

• 1D: 0.10%
• 1M: 2.09%
• YTD: 18.42%
• 6M: 17.61%
• 1Y: 34.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XEON.DE vs. AVWS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C	0.80%	2.25%	0.82%
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	18.42%	7.86%	5.81%

Correlation

The correlation between XEON.DE and AVWS.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 (All Time) Calculated using the full available price history since Oct 3, 2024	-0.12

Return for Risk

XEON.DE vs. AVWS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XEON.DE

XEON.DE Risk / Return Rank: 99
XEON.DE Sharpe Ratio Rank: 99
XEON.DE Sortino Ratio Rank: 99
XEON.DE Omega Ratio Rank: 99
XEON.DE Calmar Ratio Rank: 100
XEON.DE Martin Ratio Rank: 100

AVWS.DE

AVWS.DE Risk / Return Rank: 85
AVWS.DE Sharpe Ratio Rank: 82
AVWS.DE Sortino Ratio Rank: 82
AVWS.DE Omega Ratio Rank: 78
AVWS.DE Calmar Ratio Rank: 91
AVWS.DE Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XEON.DE vs. AVWS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.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.

	XEON.DE	AVWS.DE	Difference
Sharpe ratio: Return per unit of total volatility	8.94	2.36	+6.57
Sortino ratio: Return per unit of downside risk	21.24	3.28	+17.96
Omega ratio: Gain probability vs. loss probability	4.27	1.41	+2.86
Calmar ratio: Return relative to maximum drawdown	69.36	5.38	+63.98
Martin ratio: Return relative to average drawdown	316.53	19.94	+296.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEON.DE vs. AVWS.DE - Sharpe Ratio Comparison

The current XEON.DE Sharpe Ratio is 8.94, which is higher than the AVWS.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of XEON.DE and AVWS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XEON.DE	AVWS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.94	2.36	+6.57
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	0.74	1.10	-0.37

Drawdowns

XEON.DE vs. AVWS.DE - Drawdown Comparison

The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum AVWS.DE drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for XEON.DE and AVWS.DE.

Drawdown Indicators

	XEON.DE	AVWS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-3.71%	-25.20%	+21.49%
Max Drawdown (1Y) Largest decline over 1 year	-0.03%	-6.37%	+6.34%
Max Drawdown (3Y) Largest decline over 3 years	-0.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-3.25%	—	—
Current Drawdown Current decline from peak	-0.01%	-0.31%	+0.30%
Average Drawdown Average peak-to-trough decline	-0.92%	-5.10%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.71%	-1.70%

Volatility

XEON.DE vs. AVWS.DE - Volatility Comparison

The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) has a volatility of 3.26%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than AVWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEON.DE	AVWS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.04%	3.26%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	0.16%	9.60%	-9.44%
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	14.50%	-14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.25%	18.25%	-18.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	18.25%	-17.86%

XEON.DE vs. AVWS.DE - Expense Ratio Comparison

XEON.DE has a 0.10% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.

Dividends

XEON.DE vs. AVWS.DE - Dividend Comparison

Neither XEON.DE nor AVWS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XEON.DE and AVWS.DE in my portfolio?

XEON.DE and AVWS.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.

Which ETF is better, XEON.DE or AVWS.DE?

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.

Which ETF is cheaper, XEON.DE or AVWS.DE?

XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for AVWS.DE.

What is the main difference between XEON.DE and AVWS.DE?

XEON.DE is categorized as Bank Loan, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: Xtrackers and Avantis. Their fees differ too: 0.10% for XEON.DE and 0.39% for AVWS.DE.