XEON.DE vs. XZHY.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while XZHY.DE is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Sustainable and SRI. Both are passively managed. Over the past 3 years, XEON.DE returned 2.96%/yr vs 7.19%/yr for XZHY.DE. At a correlation of -0.02, they often move in opposite directions. XEON.DE charges 0.10%/yr vs 0.25%/yr for XZHY.DE.
Performance
XEON.DE vs. XZHY.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 XZHY.DE's 5.34% 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%
XZHY.DE
- 1D
- 0.00%
- 1M
- 2.86%
- YTD
- 5.34%
- 6M
- 5.70%
- 1Y
- 8.85%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
XEON.DE vs. XZHY.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% | 0.28% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 5.34% | -3.17% | 13.38% | 8.40% | -5.88% |
Correlation
The correlation between XEON.DE and XZHY.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | -0.02 |
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Return for Risk
XEON.DE vs. XZHY.DE — Risk / Return Rank
XEON.DE
XZHY.DE
XEON.DE vs. XZHY.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 High Yield Corporate Bond UCITS ETF 1C (XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.44 | ||
| Sortino ratioReturn per unit of downside risk | +19.50 | ||
| Omega ratioGain probability vs. loss probability | 4.39 | 1.28 | +3.11 |
| Calmar ratioReturn relative to maximum drawdown | 68.74 | 2.86 | +65.88 |
| Martin ratioReturn relative to average drawdown | 317.11 | 9.54 | +307.58 |
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Drawdowns
XEON.DE vs. XZHY.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum XZHY.DE drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for XEON.DE and XZHY.DE.
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Drawdown Indicators
| XEON.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -11.51% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.11% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -11.51% | +11.43% |
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% | -0.95% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -4.47% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.93% | -0.92% |
Volatility
XEON.DE vs. XZHY.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 High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a volatility of 1.36%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.36% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 3.86% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.90% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 7.57% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 7.57% | -7.18% |
XEON.DE vs. XZHY.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than XZHY.DE's 0.25% 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. XZHY.DE - Dividend Comparison
Neither XEON.DE nor XZHY.DE has paid dividends to shareholders.
Frequently Asked Questions
XEON.DE and XZHY.DE have a correlation of -0.11, 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 0.25% for XZHY.DE.
XEON.DE is categorized as Bank Loan, while XZHY.DE is High Yield Bonds. XEON.DE tracks Solactive €STR +8.5 Daily Index, while XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI. Their fees differ too: 0.10% for XEON.DE and 0.25% for XZHY.DE.
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