XEON.DE vs. EFRN.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while EFRN.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, XEON.DE returned 1.94%/yr vs 2.35%/yr for EFRN.DE. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 0.80% return, which is significantly lower than EFRN.DE's 0.87% return.
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
XEON.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.23% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | -0.78% |
Correlation
The correlation between XEON.DE and EFRN.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2018 | 0.13 |
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Return for Risk
XEON.DE vs. EFRN.DE — Risk / Return Rank
XEON.DE
EFRN.DE
XEON.DE vs. EFRN.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 iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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 | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.36 | ||
| Sortino ratioReturn per unit of downside risk | +17.28 | ||
| Omega ratioGain probability vs. loss probability | 4.27 | 1.55 | +2.72 |
| Calmar ratioReturn relative to maximum drawdown | 69.36 | 8.25 | +61.11 |
| Martin ratioReturn relative to average drawdown | 316.53 | 32.61 | +283.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEON.DE | EFRN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.94 | 2.58 | +6.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.54 | 2.35 | +5.20 |
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 | 1.12 | -0.39 |
Drawdowns
XEON.DE vs. EFRN.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum EFRN.DE drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for XEON.DE and EFRN.DE.
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Drawdown Indicators
| XEON.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -5.68% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -0.31% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -0.48% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.71% | -1.13% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -3.25% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.01% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.33% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.08% | -0.07% |
Volatility
XEON.DE vs. EFRN.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) has a volatility of 0.34%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than EFRN.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 | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 0.34% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 0.80% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 0.98% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 0.99% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 1.35% | -0.96% |
XEON.DE vs. EFRN.DE - Expense Ratio Comparison
Both XEON.DE and EFRN.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. EFRN.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while EFRN.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
XEON.DE and EFRN.DE have a correlation of 0.12, 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 EFRN.DE have the same expense ratio: 0.10% per year.
XEON.DE is categorized as Bank Loan, while EFRN.DE is European Corporate Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Xtrackers and iShares.
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