XEON.DE vs. GLDM
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, XEON.DE returned 2.01%/yr vs 17.95%/yr for GLDM. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. GLDM - Performance Comparison
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Different Trading Currencies
XEON.DE is traded in EUR, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEON.DE achieves a 1.07% return, which is significantly higher than GLDM's -4.45% return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.00%
- YTD
- 1.07%
- 1Y
- 1.97%
- 3Y*
- 2.94%
- 5Y*
- 2.01%
- 10Y*
- 0.74%
- ALL TIME*
- 0.67%
GLDM
- 1D
- -0.02%
- 1M
- -4.61%
- 6M
- -11.20%
- YTD
- -4.45%
- 1Y
- 21.72%
- 3Y*
- 25.65%
- 5Y*
- 17.95%
- 10Y*
- —
- ALL TIME*
- 15.56%
XEON.DE vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.07% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.24% |
GLDM SPDR Gold MiniShares Trust | -4.45% | 44.72% | 35.47% | 9.65% | 5.70% | 3.17% | 14.79% | 20.76% | 3.37% |
Correlation
The correlation between XEON.DE and GLDM is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.03 |
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Return for Risk
XEON.DE vs. GLDM — Risk / Return Rank
XEON.DE
GLDM
XEON.DE vs. GLDM - 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 SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.30 | ||
| Sortino ratioReturn per unit of downside risk | +20.88 | ||
| Omega ratioGain probability vs. loss probability | 4.50 | 1.18 | +3.32 |
| Calmar ratioReturn relative to maximum drawdown | 69.40 | 0.92 | +68.49 |
| Martin ratioReturn relative to average drawdown | 324.72 | 2.16 | +322.56 |
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Drawdowns
XEON.DE vs. GLDM - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum GLDM drawdown of -23.80%. Use the drawdown chart below to compare losses from any high point for XEON.DE and GLDM.
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Drawdown Indicators
| XEON.DE | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -23.80% | +20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -23.80% | +23.77% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -23.80% | +23.72% |
Max Drawdown (5Y)Largest decline over 5 years | -0.64% | -23.80% | +23.16% |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -23.08% | +23.08% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -5.51% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 10.10% | -10.09% |
Volatility
XEON.DE vs. GLDM - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.83%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than GLDM 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 | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 5.83% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 22.39% | -22.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 26.15% | -25.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 17.01% | -16.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 15.82% | -15.43% |
XEON.DE vs. GLDM - Expense Ratio Comparison
Both XEON.DE and GLDM 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. GLDM - Dividend Comparison
Neither XEON.DE nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and GLDM have a correlation of 0.03, 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 GLDM have the same expense ratio: 0.10% per year.
XEON.DE is categorized as Money Market, while GLDM is Gold. XEON.DE tracks Solactive €STR +8.5 Daily Index, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and State Street.
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