XEON.DE vs. EIB3.DE
Compare and contrast key facts about Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE).
XEON.DE and EIB3.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEON.DE is a passively managed fund by Xtrackers that tracks the performance of the Solactive €STR +8.5 Daily Index. It was launched on May 27, 2007. EIB3.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg Euro Government Select 1-3. It was launched on Aug 28, 2019. Both XEON.DE and EIB3.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XEON.DE or EIB3.DE.
Key characteristics
| XEON.DE | EIB3.DE | |
|---|---|---|
| YTD Return | 2.77% | -0.02% |
| 1Y Return | 3.96% | 1.61% |
| 3Y Return (Ann) | 1.91% | -1.49% |
| 5Y Return (Ann) | 0.92% | -1.06% |
| Sharpe Ratio | 18.07 | 0.94 |
| Daily Std Dev | 0.21% | 1.98% |
| Max Drawdown | -3.71% | -7.26% |
| Current Drawdown | 0.00% | -5.52% |
Correlation
The correlation between XEON.DE and EIB3.DE is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XEON.DE vs. EIB3.DE - Performance Comparison
In the year-to-date period, XEON.DE achieves a 2.77% return, which is significantly higher than EIB3.DE's -0.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XEON.DE vs. EIB3.DE - Expense Ratio Comparison
Both XEON.DE and EIB3.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%.
Risk-Adjusted Performance
XEON.DE vs. EIB3.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
Dividends
XEON.DE vs. EIB3.DE - Dividend Comparison
Neither XEON.DE nor EIB3.DE has paid dividends to shareholders.
Drawdowns
XEON.DE vs. EIB3.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum EIB3.DE drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for XEON.DE and EIB3.DE. For additional features, visit the drawdowns tool.
Volatility
XEON.DE vs. EIB3.DE - Volatility Comparison
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) have volatilities of 1.75% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.