XEON.DE vs. CGB.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both exchange-traded funds - XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index, while CGB.DE is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 10 years, XEON.DE returned 0.73%/yr vs 2.45%/yr for CGB.DE. At a correlation of -0.04, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.20%/yr for CGB.DE.
Performance
XEON.DE vs. CGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 1.04% return, which is significantly lower than CGB.DE's 8.16% return. Over the past 10 years, XEON.DE has underperformed CGB.DE with an annualized return of 0.73%, while CGB.DE has yielded a comparatively higher 2.45% annualized return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.00%
- YTD
- 1.04%
- 1Y
- 1.97%
- 3Y*
- 2.95%
- 5Y*
- 2.00%
- 10Y*
- 0.73%
CGB.DE
- 1D
- 0.35%
- 1M
- 1.57%
- 6M
- 7.02%
- YTD
- 8.16%
- 1Y
- 9.96%
- 3Y*
- 4.67%
- 5Y*
- 3.09%
- 10Y*
- 2.45%
XEON.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.04% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.16% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
Correlation
The correlation between XEON.DE and CGB.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | -0.04 |
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Return for Risk
XEON.DE vs. CGB.DE — Risk / Return Rank
XEON.DE
CGB.DE
XEON.DE vs. CGB.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 Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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.
| XEON.DE | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.45 | ||
| Sortino ratioReturn per unit of downside risk | +19.57 | ||
| Omega ratioGain probability vs. loss probability | 4.51 | 1.29 | +3.21 |
| Calmar ratioReturn relative to maximum drawdown | 69.47 | 3.51 | +65.96 |
| Martin ratioReturn relative to average drawdown | 325.05 | 10.39 | +314.67 |
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Drawdowns
XEON.DE vs. CGB.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum CGB.DE drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for XEON.DE and CGB.DE.
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Drawdown Indicators
| XEON.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -20.06% | +16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.83% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -11.08% | +11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -13.94% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -3.20% | -14.64% | +11.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.79% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -9.26% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.96% | -0.95% |
Volatility
XEON.DE vs. CGB.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.05%, while Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a volatility of 1.78%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than CGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEON.DE | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 1.78% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 4.02% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.84% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 6.74% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 11.06% | -10.67% |
XEON.DE vs. CGB.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than CGB.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEON.DE vs. CGB.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while CGB.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
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% | 0.00% |
Frequently Asked Questions
XEON.DE and CGB.DE have a correlation of -0.08, 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 CGB.DE.
XEON.DE is categorized as Money Market, while CGB.DE is Emerging Markets Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Their fees differ too: 0.10% for XEON.DE and 0.20% for CGB.DE.
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