XEON.DE vs. SPFE.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) are both exchange-traded funds - XEON.DE is a Money Market fund tracking the Solactive €STR +8.5 Daily Index, while SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, XEON.DE returned 2.00%/yr vs -1.44%/yr for SPFE.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. SPFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 1.04% return, which is significantly higher than SPFE.DE's -0.24% return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.00%
- YTD
- 1.04%
- 1Y
- 1.97%
- 3Y*
- 2.95%
- 5Y*
- 2.00%
- 10Y*
- 0.73%
SPFE.DE
- 1D
- 0.04%
- 1M
- -0.39%
- 6M
- -0.54%
- YTD
- -0.24%
- 1Y
- 1.32%
- 3Y*
- 2.21%
- 5Y*
- -1.44%
- 10Y*
- —
XEON.DE vs. SPFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 1.04% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.43% |
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.24% | 2.57% | 1.42% | 4.38% | -13.18% | -2.30% | 3.74% | 5.02% | 0.50% |
Correlation
The correlation between XEON.DE and SPFE.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | -0.01 |
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Return for Risk
XEON.DE vs. SPFE.DE — Risk / Return Rank
XEON.DE
SPFE.DE
XEON.DE vs. SPFE.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.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 | SPFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.76 | ||
| Sortino ratioReturn per unit of downside risk | +21.51 | ||
| Omega ratioGain probability vs. loss probability | 4.51 | 1.07 | +3.44 |
| Calmar ratioReturn relative to maximum drawdown | 69.47 | 0.48 | +68.99 |
| Martin ratioReturn relative to average drawdown | 325.05 | 1.25 | +323.81 |
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Drawdowns
XEON.DE vs. SPFE.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum SPFE.DE drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for XEON.DE and SPFE.DE.
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Drawdown Indicators
| XEON.DE | SPFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -17.26% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.74% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -3.93% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -16.63% | +15.98% |
Max Drawdown (10Y)Largest decline over 10 years | -3.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.37% | +8.37% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -6.50% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.06% | -1.05% |
Volatility
XEON.DE vs. SPFE.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.05%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a volatility of 0.90%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than SPFE.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 | SPFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.90% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 2.73% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 3.35% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 4.51% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 4.01% | -3.62% |
XEON.DE vs. SPFE.DE - Expense Ratio Comparison
Both XEON.DE and SPFE.DE 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. SPFE.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while SPFE.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.13% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 1.39% | 0.77% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEON.DE and SPFE.DE have a correlation of -0.06, 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 SPFE.DE have the same expense ratio: 0.10% per year.
XEON.DE is categorized as Money Market, while SPFE.DE is Global Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Xtrackers and State Street.
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