XHY1.DE vs. XEON.DE
XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XHY1.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield 1-3, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, XHY1.DE returned 2.58%/yr vs 0.70%/yr for XEON.DE. At a 0.08 correlation, their price movements are largely independent. XHY1.DE charges 0.25%/yr vs 0.10%/yr for XEON.DE.
Performance
XHY1.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHY1.DE achieves a 0.57% return, which is significantly lower than XEON.DE's 0.80% return. Over the past 10 years, XHY1.DE has outperformed XEON.DE with an annualized return of 2.58%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
XHY1.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.57%
- 6M
- 0.97%
- 1Y
- 3.27%
- 3Y*
- 5.12%
- 5Y*
- 2.77%
- 10Y*
- 2.58%
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%
XHY1.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -3.97% | 2.51% | 1.30% | 5.63% | -2.54% | 3.45% |
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% | -0.52% |
Correlation
The correlation between XHY1.DE and XEON.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2015 | 0.08 |
The correlation between XHY1.DE and XEON.DE shifts across timeframes, from -0.01 (3 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XHY1.DE vs. XEON.DE — Risk / Return Rank
XHY1.DE
XEON.DE
XHY1.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.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.
| XHY1.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.67 | ||
| Sortino ratioReturn per unit of downside risk | -19.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 4.27 | -3.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 69.36 | -67.10 |
| Martin ratioReturn relative to average drawdown | 10.14 | 316.53 | -306.39 |
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
| XHY1.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 8.94 | -7.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 7.54 | -6.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 1.78 | -1.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.74 | -0.43 |
Drawdowns
XHY1.DE vs. XEON.DE - Drawdown Comparison
The maximum XHY1.DE drawdown since its inception was -25.91%, 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 XHY1.DE and XEON.DE.
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Drawdown Indicators
| XHY1.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -3.71% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -0.03% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -0.08% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -0.71% | -7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -25.91% | -3.25% | -22.66% |
Current DrawdownCurrent decline from peak | -0.12% | -0.01% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.92% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.01% | +0.31% |
Volatility
XHY1.DE vs. XEON.DE - Volatility Comparison
Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) has a higher volatility of 0.63% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XHY1.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
| XHY1.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.04% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 0.16% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 0.22% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 0.25% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 0.39% | +7.15% |
XHY1.DE vs. XEON.DE - Expense Ratio Comparison
XHY1.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
XHY1.DE vs. XEON.DE - Dividend Comparison
XHY1.DE's dividend yield for the trailing twelve months is around 4.02%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 4.02% | 3.93% | 5.53% | 6.87% | 4.97% | 5.12% | 2.95% | 1.78% | 1.35% | 3.10% | 3.14% |
Frequently Asked Questions
XHY1.DE and XEON.DE have a correlation of 0.10, 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 XHY1.DE.
XHY1.DE is categorized as European High Yield Bonds, while XEON.DE is Bank Loan. XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.25% for XHY1.DE and 0.10% for XEON.DE.
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