XGBE.DE vs. XEON.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XGBE.DE is a Corporate Bonds fund tracking the Bloomberg MSCI EUR Corporate and Agency Green Bond Index, 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, XGBE.DE returned -0.79%/yr vs 1.98%/yr for XEON.DE. At a 0.03 correlation, their price movements are largely independent. XGBE.DE charges 0.25%/yr vs 0.10%/yr for XEON.DE.
Performance
XGBE.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 1.11% return, which is significantly higher than XEON.DE's 0.98% return.
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 10Y*
- —
XEON.DE
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 0.97%
- YTD
- 0.98%
- 1Y
- 1.98%
- 3Y*
- 2.96%
- 5Y*
- 1.98%
- 10Y*
- 0.72%
XGBE.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.98% | 2.25% | 3.78% | 3.30% | -0.04% | -0.30% |
Correlation
The correlation between XGBE.DE and XEON.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.03 |
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Return for Risk
XGBE.DE vs. XEON.DE — Risk / Return Rank
XGBE.DE
XEON.DE
XGBE.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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.
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.
| XGBE.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.50 | ||
| Sortino ratioReturn per unit of downside risk | -21.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 4.45 | -3.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 69.56 | -68.88 |
| Martin ratioReturn relative to average drawdown | 2.16 | 323.59 | -321.44 |
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Drawdowns
XGBE.DE vs. XEON.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, 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 XGBE.DE and XEON.DE.
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Drawdown Indicators
| XGBE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -3.71% | -16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -0.03% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -0.08% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -0.66% | -19.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.21% | — |
Current DrawdownCurrent decline from peak | -5.48% | 0.00% | -5.48% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -0.88% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.01% | +0.83% |
Volatility
XGBE.DE vs. XEON.DE - Volatility Comparison
Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) has a higher volatility of 0.62% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that XGBE.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
| XGBE.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.05% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 0.15% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 0.22% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 0.25% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 0.39% | +4.64% |
XGBE.DE vs. XEON.DE - Expense Ratio Comparison
XGBE.DE has a 0.25% expense ratio, which is higher than XEON.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGBE.DE vs. XEON.DE - Dividend Comparison
Neither XGBE.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XGBE.DE and XEON.DE have a correlation of -0.04, 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 XGBE.DE.
XGBE.DE is categorized as Corporate Bonds, while XEON.DE is Bank Loan. XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.25% for XGBE.DE and 0.10% for XEON.DE.
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