XEON.DE vs. EM1C.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while EM1C.DE is a Emerging Markets Bonds fund tracking the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, XEON.DE returned 1.97%/yr vs 2.56%/yr for EM1C.DE. At a 0.00 correlation, their price movements are largely independent. XEON.DE charges 0.10%/yr vs 0.30%/yr for EM1C.DE.
Performance
XEON.DE vs. EM1C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 0.90% return, which is significantly lower than EM1C.DE's 4.70% return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 0.90%
- 6M
- 0.97%
- 1Y
- 1.95%
- 3Y*
- 2.96%
- 5Y*
- 1.97%
- 10Y*
- 0.72%
EM1C.DE
- 1D
- 0.31%
- 1M
- 2.78%
- YTD
- 4.70%
- 6M
- 5.14%
- 1Y
- 10.45%
- 3Y*
- 4.89%
- 5Y*
- 2.56%
- 10Y*
- —
XEON.DE vs. EM1C.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 | 0.90% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.39% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.70% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | -4.26% | -10.33% |
Correlation
The correlation between XEON.DE and EM1C.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017 | 0.00 |
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Return for Risk
XEON.DE vs. EM1C.DE — Risk / Return Rank
XEON.DE
EM1C.DE
XEON.DE vs. EM1C.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 VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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 | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.90 | ||
| Sortino ratioReturn per unit of downside risk | +18.58 | ||
| Omega ratioGain probability vs. loss probability | 4.39 | 1.39 | +3.00 |
| Calmar ratioReturn relative to maximum drawdown | 68.74 | 3.04 | +65.70 |
| Martin ratioReturn relative to average drawdown | 317.11 | 10.21 | +306.90 |
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Drawdowns
XEON.DE vs. EM1C.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum EM1C.DE drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for XEON.DE and EM1C.DE.
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Drawdown Indicators
| XEON.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -23.47% | +19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.43% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -7.21% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -0.68% | -8.70% | +8.02% |
Max Drawdown (10Y)Largest decline over 10 years | -3.23% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -2.75% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -13.90% | +13.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.02% | -1.01% |
Volatility
XEON.DE vs. EM1C.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a volatility of 1.32%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than EM1C.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 | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.32% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 4.27% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.09% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 7.05% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 10.13% | -9.74% |
XEON.DE vs. EM1C.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than EM1C.DE's 0.30% expense ratio.
Dividends
XEON.DE vs. EM1C.DE - Dividend Comparison
Neither XEON.DE nor EM1C.DE has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and EM1C.DE have a correlation of -0.09, 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 0.30% for EM1C.DE.
XEON.DE is categorized as Bank Loan, while EM1C.DE is Emerging Markets Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.10% for XEON.DE and 0.30% for EM1C.DE.
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