XGVC.DE vs. XEON.DE
XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XGVC.DE is a Global Bonds fund tracking the FTSE ESG Select World Government Bond Developed Markets, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 3 years, XGVC.DE returned -0.19%/yr vs 2.99%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. XGVC.DE charges 0.20%/yr vs 0.10%/yr for XEON.DE.
Performance
XGVC.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVC.DE achieves a 0.30% return, which is significantly lower than XEON.DE's 0.80% return.
XGVC.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.30%
- 6M
- -0.16%
- 1Y
- -1.01%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
XGVC.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.30% | -4.28% | 1.61% | 2.49% | -5.86% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | 0.26% |
Correlation
The correlation between XGVC.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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | -0.02 |
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Return for Risk
XGVC.DE vs. XEON.DE — Risk / Return Rank
XGVC.DE
XEON.DE
XGVC.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.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.
| XGVC.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.27 | ||
| Sortino ratioReturn per unit of downside risk | -21.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 4.27 | -3.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 69.36 | -69.86 |
| Martin ratioReturn relative to average drawdown | -0.95 | 316.53 | -317.48 |
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
| XGVC.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 8.94 | -9.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.74 | -0.98 |
Drawdowns
XGVC.DE vs. XEON.DE - Drawdown Comparison
The maximum XGVC.DE drawdown since its inception was -15.47%, 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 XGVC.DE and XEON.DE.
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Drawdown Indicators
| XGVC.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.47% | -3.71% | -11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.03% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -0.08% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -12.39% | -0.01% | -12.38% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -0.92% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.01% | +1.41% |
Volatility
XGVC.DE vs. XEON.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a higher volatility of 1.54% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XGVC.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
| XGVC.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.04% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 0.16% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 0.22% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 0.25% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 0.39% | +5.83% |
XGVC.DE vs. XEON.DE - Expense Ratio Comparison
XGVC.DE has a 0.20% 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
XGVC.DE vs. XEON.DE - Dividend Comparison
Neither XGVC.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XGVC.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 0.20% for XGVC.DE.
XGVC.DE is categorized as Global Bonds, while XEON.DE is Bank Loan. XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.20% for XGVC.DE and 0.10% for XEON.DE.
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