XEON.DE vs. EGV2.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and EGV2.DE (Amundi Smart Overnight Return UCITS ETF (Dist)) are both Money Market funds - XEON.DE tracks the Solactive €STR +8.5 Daily Index while EGV2.DE tracks the ESTR Compounded Index. Both are passively managed. Over the past 5 years, XEON.DE returned 2.00%/yr vs 2.21%/yr for EGV2.DE. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. EGV2.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 EGV2.DE's 1.31% 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%
EGV2.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.29%
- YTD
- 1.31%
- 1Y
- 2.33%
- 3Y*
- 3.22%
- 5Y*
- 2.21%
- 10Y*
- —
XEON.DE vs. EGV2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.04% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.16% |
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 1.31% | 2.48% | 4.10% | 3.25% | 0.17% | -0.47% | -0.13% |
Correlation
The correlation between XEON.DE and EGV2.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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.16 |
The correlation between XEON.DE and EGV2.DE shifts across timeframes, from -0.01 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEON.DE vs. EGV2.DE — Risk / Return Rank
XEON.DE
EGV2.DE
XEON.DE vs. EGV2.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 Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.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 | EGV2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.05 | ||
| Sortino ratioReturn per unit of downside risk | +18.87 | ||
| Omega ratioGain probability vs. loss probability | 4.51 | 1.47 | +3.04 |
| Calmar ratioReturn relative to maximum drawdown | 69.47 | 7.55 | +61.92 |
| Martin ratioReturn relative to average drawdown | 325.05 | 32.06 | +292.99 |
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Drawdowns
XEON.DE vs. EGV2.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, which is greater than EGV2.DE's maximum drawdown of -0.86%. Use the drawdown chart below to compare losses from any high point for XEON.DE and EGV2.DE.
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Drawdown Indicators
| XEON.DE | EGV2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -0.86% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -0.31% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -0.31% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -0.46% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -3.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.22% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.07% | -0.06% |
Volatility
XEON.DE vs. EGV2.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.05%, while Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.DE) has a volatility of 0.41%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than EGV2.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 | EGV2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.41% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 0.90% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 1.11% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 0.73% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 0.68% | -0.29% |
XEON.DE vs. EGV2.DE - Expense Ratio Comparison
Both XEON.DE and EGV2.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. EGV2.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while EGV2.DE's dividend yield for the trailing twelve months is around 2.93%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 2.93% | 2.97% | 3.91% | 2.50% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEON.DE and EGV2.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 EGV2.DE have the same expense ratio: 0.10% per year.
XEON.DE tracks Solactive €STR +8.5 Daily Index, while EGV2.DE tracks ESTR Compounded Index. They also come from different issuers: Xtrackers and Amundi.
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