XEON.DE vs. XQUD.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while XQUD.DE is a Emerging Markets Bonds fund tracking the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, XEON.DE returned 2.96%/yr vs 3.52%/yr for XQUD.DE. At a correlation of -0.02, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.45%/yr for XQUD.DE.
Performance
XEON.DE vs. XQUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 0.90% return, which is significantly lower than XQUD.DE's 4.71% return.
XEON.DE
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 0.90%
- 6M
- 0.97%
- 1Y
- 1.95%
- 3Y*
- 2.96%
- 5Y*
- 1.97%
- 10Y*
- 0.72%
XQUD.DE
- 1D
- 0.00%
- 1M
- 3.28%
- YTD
- 4.71%
- 6M
- 5.00%
- 1Y
- 9.91%
- 3Y*
- 3.52%
- 5Y*
- —
- 10Y*
- —
XEON.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.90% | 2.25% | 3.78% | 3.30% | 0.26% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 4.71% | -1.36% | 5.23% | 3.70% | -0.19% |
Correlation
The correlation between XEON.DE and XQUD.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 (All Time) Calculated using the full available price history since Jun 28, 2022 | -0.02 |
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Return for Risk
XEON.DE vs. XQUD.DE — Risk / Return Rank
XEON.DE
XQUD.DE
XEON.DE vs. XQUD.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.24 | ||
| Sortino ratioReturn per unit of downside risk | +19.18 | ||
| Omega ratioGain probability vs. loss probability | 4.39 | 1.32 | +3.07 |
| Calmar ratioReturn relative to maximum drawdown | 68.74 | 2.59 | +66.15 |
| Martin ratioReturn relative to average drawdown | 317.11 | 7.90 | +309.21 |
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Drawdowns
XEON.DE vs. XQUD.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum XQUD.DE drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for XEON.DE and XQUD.DE.
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Drawdown Indicators
| XEON.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -12.01% | +8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.84% | +3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -11.40% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -0.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.23% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.39% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -5.49% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.26% | -1.25% |
Volatility
XEON.DE vs. XQUD.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) has a volatility of 1.16%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.16% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 3.78% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.86% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 7.99% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 7.99% | -7.60% |
XEON.DE vs. XQUD.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
XEON.DE vs. XQUD.DE - Dividend Comparison
Neither XEON.DE nor XQUD.DE has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and XQUD.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.
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 0.45% for XQUD.DE.
XEON.DE is categorized as Bank Loan, while XQUD.DE is Emerging Markets Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Their fees differ too: 0.10% for XEON.DE and 0.45% for XQUD.DE.
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