XEON.DE vs. DXS1.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and DXS1.DE (Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)) are both Money Market funds from Xtrackers - XEON.DE tracks the Solactive €STR +8.5 Daily Index while DXS1.DE tracks the Solactive SONIA Daily Index. Both are passively managed. Over the past 10 years, XEON.DE returned 0.73%/yr vs 1.65%/yr for DXS1.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. DXS1.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 DXS1.DE's 4.82% return. Over the past 10 years, XEON.DE has underperformed DXS1.DE with an annualized return of 0.73%, while DXS1.DE has yielded a comparatively higher 1.65% 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%
DXS1.DE
- 1D
- 0.72%
- 1M
- 2.12%
- 6M
- 4.07%
- YTD
- 4.82%
- 1Y
- 6.12%
- 3Y*
- 4.93%
- 5Y*
- 3.63%
- 10Y*
- 1.65%
XEON.DE vs. DXS1.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% |
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 4.82% | -0.80% | 10.14% | 6.73% | -4.26% | 7.63% | -5.68% | 6.58% | -1.34% | -3.51% |
Correlation
The correlation between XEON.DE and DXS1.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.03 |
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Return for Risk
XEON.DE vs. DXS1.DE — Risk / Return Rank
XEON.DE
DXS1.DE
XEON.DE vs. DXS1.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 GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.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 | DXS1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.64 | ||
| Sortino ratioReturn per unit of downside risk | +19.95 | ||
| Omega ratioGain probability vs. loss probability | 4.51 | 1.28 | +3.23 |
| Calmar ratioReturn relative to maximum drawdown | 69.47 | 3.72 | +65.74 |
| Martin ratioReturn relative to average drawdown | 325.05 | 9.80 | +315.25 |
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Drawdowns
XEON.DE vs. DXS1.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum DXS1.DE drawdown of -30.55%. Use the drawdown chart below to compare losses from any high point for XEON.DE and DXS1.DE.
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Drawdown Indicators
| XEON.DE | DXS1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -30.55% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -1.64% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -4.61% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -7.36% | +6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -3.20% | -16.67% | +13.47% |
Current DrawdownCurrent decline from peak | 0.00% | -1.83% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -12.78% | +11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.62% | -0.61% |
Volatility
XEON.DE vs. DXS1.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.05%, while Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) has a volatility of 1.00%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than DXS1.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 | DXS1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 1.00% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 2.78% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 4.02% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 5.38% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 8.97% | -8.58% |
XEON.DE vs. DXS1.DE - Expense Ratio Comparison
Both XEON.DE and DXS1.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XEON.DE vs. DXS1.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while DXS1.DE's dividend yield for the trailing twelve months is around 4.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) | 4.03% | 4.75% | 4.91% | 4.04% | 0.35% | 0.02% | 0.57% | 0.95% | 0.63% | 0.20% | 1.28% | 0.79% |
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% | 0.00% |
Frequently Asked Questions
XEON.DE and DXS1.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE and DXS1.DE have the same expense ratio: 0.10% per year.
XEON.DE tracks Solactive €STR +8.5 Daily Index, while DXS1.DE tracks Solactive SONIA Daily Index.
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