XEON.DE vs. IBIT
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, XEON.DE returned 1.93% vs -37.06% for IBIT. At a correlation of -0.01, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.25%/yr for IBIT.
Performance
XEON.DE vs. IBIT - Performance Comparison
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Different Trading Currencies
XEON.DE is traded in EUR, while IBIT is traded in USD. To make them comparable, the IBIT 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 0.80% return, which is significantly higher than IBIT's -22.99% return.
XEON.DE
- 1D
- -0.01%
- 1M
- 0.09%
- YTD
- 0.80%
- 6M
- 0.91%
- 1Y
- 1.93%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
IBIT
- 1D
- 4.49%
- 1M
- -15.55%
- YTD
- -22.99%
- 6M
- -21.37%
- 1Y
- -37.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEON.DE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.66% |
IBIT iShares Bitcoin Trust ETF | -22.99% | -17.52% | 101.23% |
Correlation
The correlation between XEON.DE and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.01 |
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Return for Risk
XEON.DE vs. IBIT — Risk / Return Rank
XEON.DE
IBIT
XEON.DE vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.78 | ||
| Sortino ratioReturn per unit of downside risk | +22.38 | ||
| Omega ratioGain probability vs. loss probability | 4.27 | 0.87 | +3.40 |
| Calmar ratioReturn relative to maximum drawdown | 69.36 | -0.72 | +70.08 |
| Martin ratioReturn relative to average drawdown | 316.53 | -1.25 | +317.79 |
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Drawdowns
XEON.DE vs. IBIT - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum IBIT drawdown of -51.31%. Use the drawdown chart below to compare losses from any high point for XEON.DE and IBIT.
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Drawdown Indicators
| XEON.DE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -51.31% | +47.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -51.31% | +51.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.24% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -46.52% | +46.51% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -16.98% | +16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 29.63% | -29.62% |
Volatility
XEON.DE vs. IBIT - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.33%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than IBIT 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 | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 12.33% | -12.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 34.46% | -34.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 43.87% | -43.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 50.24% | -49.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 50.24% | -49.85% |
XEON.DE vs. IBIT - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEON.DE vs. IBIT - Dividend Comparison
Neither XEON.DE nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and IBIT 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.
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 0.25% for IBIT.
XEON.DE is categorized as Bank Loan, while IBIT is Cryptocurrency. XEON.DE tracks Solactive €STR +8.5 Daily Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XEON.DE and 0.25% for IBIT.
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