XEON.DE vs. XUHY.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, XEON.DE returned 1.97%/yr vs 4.80%/yr for XUHY.DE. At a correlation of -0.04, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.20%/yr for XUHY.DE.
Performance
XEON.DE vs. XUHY.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 XUHY.DE's 5.11% 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%
XUHY.DE
- 1D
- -0.44%
- 1M
- 2.45%
- YTD
- 5.11%
- 6M
- 5.59%
- 1Y
- 9.24%
- 3Y*
- 7.51%
- 5Y*
- 4.80%
- 10Y*
- —
XEON.DE vs. XUHY.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 | 0.90% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.43% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 5.11% | -2.75% | 12.70% | 9.43% | -6.44% | 12.44% | -3.26% | 18.71% | -14.02% |
Correlation
The correlation between XEON.DE and XUHY.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | -0.04 |
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Return for Risk
XEON.DE vs. XUHY.DE — Risk / Return Rank
XEON.DE
XUHY.DE
XEON.DE vs. XUHY.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 USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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 | XUHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.46 | ||
| Sortino ratioReturn per unit of downside risk | +19.51 | ||
| Omega ratioGain probability vs. loss probability | 4.39 | 1.27 | +3.12 |
| Calmar ratioReturn relative to maximum drawdown | 68.74 | 2.99 | +65.75 |
| Martin ratioReturn relative to average drawdown | 317.11 | 9.18 | +307.93 |
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Drawdowns
XEON.DE vs. XUHY.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum XUHY.DE drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for XEON.DE and XUHY.DE.
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Drawdown Indicators
| XEON.DE | XUHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -22.06% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.08% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -12.04% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -0.68% | -12.04% | +11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -3.23% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.03% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -5.41% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.00% | -0.99% |
Volatility
XEON.DE vs. XUHY.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) has a volatility of 1.45%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than XUHY.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 | XUHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.45% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 4.36% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 6.19% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 8.48% | -8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 12.73% | -12.34% |
XEON.DE vs. XUHY.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than XUHY.DE's 0.20% 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. XUHY.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while XUHY.DE's dividend yield for the trailing twelve months is around 6.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.48% | 6.60% | 7.39% | 6.02% | 6.13% | 9.09% | 5.94% | 4.80% |
Frequently Asked Questions
XEON.DE and XUHY.DE have a correlation of -0.05, 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 0.20% for XUHY.DE.
XEON.DE is categorized as Bank Loan, while XUHY.DE is High Yield Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while XUHY.DE tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.10% for XEON.DE and 0.20% for XUHY.DE.
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