XEON.DE vs. DBMF
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. XEON.DE is passively managed, while DBMF is actively managed. Over the past 5 years, XEON.DE returned 2.01%/yr vs 9.30%/yr for DBMF. At a correlation of -0.02, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.85%/yr for DBMF.
Performance
XEON.DE vs. DBMF - Performance Comparison
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Different Trading Currencies
XEON.DE is traded in EUR, while DBMF is traded in USD. To make them comparable, the DBMF values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEON.DE achieves a 1.07% return, which is significantly lower than DBMF's 14.49% return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.00%
- YTD
- 1.07%
- 1Y
- 1.97%
- 3Y*
- 2.94%
- 5Y*
- 2.01%
- 10Y*
- 0.74%
- ALL TIME*
- 0.67%
DBMF
- 1D
- 0.43%
- 1M
- 0.99%
- 6M
- 10.49%
- YTD
- 14.49%
- 1Y
- 29.09%
- 3Y*
- 8.49%
- 5Y*
- 9.30%
- 10Y*
- —
- ALL TIME*
- 8.92%
XEON.DE vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.07% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.31% |
DBMF iMGP DBi Managed Futures Strategy ETF | 14.49% | 0.34% | 14.32% | -11.67% | 29.14% | 19.83% | -6.59% | 10.33% |
Correlation
The correlation between XEON.DE and DBMF 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | -0.02 |
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Return for Risk
XEON.DE vs. DBMF — Risk / Return Rank
XEON.DE
DBMF
XEON.DE vs. DBMF - 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 iMGP DBi Managed Futures Strategy ETF (DBMF). 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 | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.91 | ||
| Sortino ratioReturn per unit of downside risk | +19.18 | ||
| Omega ratioGain probability vs. loss probability | 4.50 | 1.44 | +3.05 |
| Calmar ratioReturn relative to maximum drawdown | 69.40 | 5.29 | +64.12 |
| Martin ratioReturn relative to average drawdown | 324.72 | 18.51 | +306.21 |
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Drawdowns
XEON.DE vs. DBMF - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum DBMF drawdown of -29.19%. Use the drawdown chart below to compare losses from any high point for XEON.DE and DBMF.
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Drawdown Indicators
| XEON.DE | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -29.19% | +25.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -5.53% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -19.60% | +19.52% |
Max Drawdown (5Y)Largest decline over 5 years | -0.64% | -29.19% | +28.55% |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.62% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -12.80% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.58% | -1.57% |
Volatility
XEON.DE vs. DBMF - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while iMGP DBi Managed Futures Strategy ETF (DBMF) has a volatility of 2.86%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than DBMF 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 | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 2.86% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 10.10% | -9.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 13.16% | -12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 16.00% | -15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 15.26% | -14.87% |
XEON.DE vs. DBMF - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
XEON.DE vs. DBMF - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.11% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
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% |
Frequently Asked Questions
XEON.DE and DBMF 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 0.85% for DBMF.
XEON.DE is categorized as Money Market, while DBMF is Systematic Trend. They also come from different issuers: Xtrackers and iM Global Partners. Their fees differ too: 0.10% for XEON.DE and 0.85% for DBMF.
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