XEON.DE vs. IB01.L
Compare and contrast key facts about Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L).
XEON.DE and IB01.L 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. IB01.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 20, 2019. Both XEON.DE and IB01.L 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 IB01.L.
Key characteristics
| XEON.DE | IB01.L | |
|---|---|---|
| YTD Return | 2.77% | 3.84% |
| 1Y Return | 3.96% | 5.54% |
| 3Y Return (Ann) | 1.91% | 3.26% |
| 5Y Return (Ann) | 0.92% | 2.25% |
| Sharpe Ratio | 18.07 | 15.33 |
| Daily Std Dev | 0.21% | 0.36% |
| Max Drawdown | -3.71% | -0.91% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XEON.DE and IB01.L is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XEON.DE vs. IB01.L - Performance Comparison
In the year-to-date period, XEON.DE achieves a 2.77% return, which is significantly lower than IB01.L's 3.84% 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. IB01.L - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is higher than IB01.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XEON.DE vs. IB01.L - 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 iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L). 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. IB01.L - Dividend Comparison
Neither XEON.DE nor IB01.L has paid dividends to shareholders.
Drawdowns
XEON.DE vs. IB01.L - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, which is greater than IB01.L's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for XEON.DE and IB01.L. For additional features, visit the drawdowns tool.
Volatility
XEON.DE vs. IB01.L - Volatility Comparison
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) has a higher volatility of 1.75% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.07%. This indicates that XEON.DE's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.