XESP.DE vs. XEON.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XESP.DE is a Europe Equities fund tracking the Solactive Spain 40, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 1.94%/yr for XEON.DE. At a 0.05 correlation, their price movements are largely independent. XESP.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
XESP.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 7.33% return, which is significantly higher than XEON.DE's 0.80% return.
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.97%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
XESP.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
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% | -0.49% | -0.47% | -0.26% |
Correlation
The correlation between XESP.DE and XEON.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.05 |
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Return for Risk
XESP.DE vs. XEON.DE — Risk / Return Rank
XESP.DE
XEON.DE
XESP.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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.
| XESP.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.82 | ||
| Sortino ratioReturn per unit of downside risk | -18.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 4.27 | -2.90 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 69.36 | -65.85 |
| Martin ratioReturn relative to average drawdown | 12.31 | 316.53 | -304.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XESP.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 8.94 | -6.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 7.54 | -6.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.74 | -0.18 |
Drawdowns
XESP.DE vs. XEON.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for XESP.DE and XEON.DE.
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Drawdown Indicators
| XESP.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -3.71% | -35.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -0.03% | -10.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -0.08% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -0.71% | -17.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.01% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -0.92% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.01% | +2.90% |
Volatility
XESP.DE vs. XEON.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than XEON.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESP.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.04% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 0.16% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 0.22% | +16.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 0.25% | +16.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 0.39% | +18.39% |
XESP.DE vs. XEON.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
XESP.DE vs. XEON.DE - Dividend Comparison
Neither XESP.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and XEON.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 0.30% for XESP.DE.
XESP.DE is categorized as Europe Equities, while XEON.DE is Bank Loan. XESP.DE tracks Solactive Spain 40, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.30% for XESP.DE and 0.10% for XEON.DE.
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