XEON.DE vs. KMLM
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Over the past 5 years, XEON.DE returned 2.01%/yr vs 6.76%/yr for KMLM. At a correlation of -0.01, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.90%/yr for KMLM.
Performance
XEON.DE vs. KMLM - Performance Comparison
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Different Trading Currencies
XEON.DE is traded in EUR, while KMLM is traded in USD. To make them comparable, the KMLM 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 lower than KMLM's 15.99% 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%
KMLM
- 1D
- 1.12%
- 1M
- 5.57%
- 6M
- 12.58%
- YTD
- 15.99%
- 1Y
- 17.10%
- 3Y*
- -0.59%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 8.60%
XEON.DE vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.07% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.02% |
KMLM KFA Mount Lucas Index Strategy ETF | 15.99% | -14.49% | 4.79% | -8.49% | 38.71% | 15.05% | 4.85% |
Correlation
The correlation between XEON.DE and KMLM is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.01 |
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Return for Risk
XEON.DE vs. KMLM — Risk / Return Rank
XEON.DE
KMLM
XEON.DE vs. KMLM - 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 KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.79 | ||
| Sortino ratioReturn per unit of downside risk | +20.17 | ||
| Omega ratioGain probability vs. loss probability | 4.50 | 1.24 | +3.25 |
| Calmar ratioReturn relative to maximum drawdown | 69.40 | 2.34 | +67.06 |
| Martin ratioReturn relative to average drawdown | 324.72 | 6.65 | +318.06 |
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Drawdowns
XEON.DE vs. KMLM - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum KMLM drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for XEON.DE and KMLM.
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Drawdown Indicators
| XEON.DE | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -38.80% | +35.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -7.33% | +7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -29.30% | +29.22% |
Max Drawdown (5Y)Largest decline over 5 years | -0.64% | -38.80% | +38.16% |
Max Drawdown (10Y)Largest decline over 10 years | -3.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -25.14% | +25.14% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -19.01% | +18.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.58% | -2.57% |
Volatility
XEON.DE vs. KMLM - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while KFA Mount Lucas Index Strategy ETF (KMLM) has a volatility of 3.91%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than KMLM 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 | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 3.91% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 11.51% | -11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 12.84% | -12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 18.23% | -17.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 17.92% | -17.53% |
XEON.DE vs. KMLM - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
XEON.DE vs. KMLM - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.46% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEON.DE and KMLM have a correlation of 0.02, 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 0.90% for KMLM.
XEON.DE is categorized as Money Market, while KMLM is Systematic Trend. XEON.DE tracks Solactive €STR +8.5 Daily Index, while KMLM tracks KFA MLM Index. They also come from different issuers: Xtrackers and KraneShares. Their fees differ too: 0.10% for XEON.DE and 0.90% for KMLM.
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