XEON.DE vs. VAGF.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, XEON.DE returned 1.94%/yr vs -1.75%/yr for VAGF.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
XEON.DE vs. VAGF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 0.80% return, which is significantly higher than VAGF.DE's -0.46% 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%
VAGF.DE
- 1D
- 0.47%
- 1M
- 0.64%
- YTD
- -0.46%
- 6M
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 2.14%
- 5Y*
- -1.75%
- 10Y*
- —
XEON.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.28% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 3.03% | 0.83% | 4.52% | -14.84% | -2.98% | 5.07% | 1.00% |
Correlation
The correlation between XEON.DE and VAGF.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | -0.01 |
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Return for Risk
XEON.DE vs. VAGF.DE — Risk / Return Rank
XEON.DE
VAGF.DE
XEON.DE vs. VAGF.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.75 | ||
| Sortino ratioReturn per unit of downside risk | +20.94 | ||
| Omega ratioGain probability vs. loss probability | 4.27 | 1.04 | +3.24 |
| Calmar ratioReturn relative to maximum drawdown | 69.36 | 0.35 | +69.01 |
| Martin ratioReturn relative to average drawdown | 316.53 | 0.86 | +315.68 |
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Drawdowns
XEON.DE vs. VAGF.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum VAGF.DE drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for XEON.DE and VAGF.DE.
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Drawdown Indicators
| XEON.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -19.56% | +15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.82% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -4.43% | +4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -0.69% | -18.80% | +18.11% |
Max Drawdown (10Y)Largest decline over 10 years | -3.24% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -10.70% | +10.69% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -8.98% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.14% | -1.13% |
Volatility
XEON.DE vs. VAGF.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a volatility of 1.56%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.56% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 3.87% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.21% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 5.18% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 4.92% | -4.53% |
XEON.DE vs. VAGF.DE - Expense Ratio Comparison
Both XEON.DE and VAGF.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. VAGF.DE - Dividend Comparison
Neither XEON.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and VAGF.DE have a correlation of -0.09, 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 VAGF.DE have the same expense ratio: 0.10% per year.
XEON.DE is categorized as Bank Loan, while VAGF.DE is Global Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: Xtrackers and Vanguard.
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