XJSE.DE vs. XEON.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XJSE.DE is a Government Bonds fund tracking the FTSE Japanese Government 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 10 years, XJSE.DE returned -7.50%/yr vs 0.72%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. XJSE.DE charges 0.15%/yr vs 0.10%/yr for XEON.DE.
Performance
XJSE.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XJSE.DE achieves a -5.80% return, which is significantly lower than XEON.DE's 0.98% return. Over the past 10 years, XJSE.DE has underperformed XEON.DE with an annualized return of -7.50%, while XEON.DE has yielded a comparatively higher 0.72% annualized return.
XJSE.DE
- 1D
- -0.34%
- 1M
- -0.34%
- 6M
- -5.19%
- YTD
- -5.80%
- 1Y
- -15.95%
- 3Y*
- -11.78%
- 5Y*
- -11.28%
- 10Y*
- -7.50%
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%
XJSE.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.65% | 5.55% | 7.74% | -8.68% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.98% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between XJSE.DE and XEON.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2013 | -0.02 |
The correlation between XJSE.DE and XEON.DE shifts across timeframes, from -0.10 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XJSE.DE vs. XEON.DE — Risk / Return Rank
XJSE.DE
XEON.DE
XJSE.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.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.
| XJSE.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.78 | ||
| Sortino ratioReturn per unit of downside risk | -24.27 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 4.45 | -3.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 69.56 | -70.53 |
| Martin ratioReturn relative to average drawdown | -1.49 | 323.59 | -325.08 |
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Drawdowns
XJSE.DE vs. XEON.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.06%, 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 XJSE.DE and XEON.DE.
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Drawdown Indicators
| XJSE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -3.71% | -51.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -0.03% | -16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -32.72% | -0.08% | -32.64% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | -0.66% | -46.62% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | -3.21% | -51.85% |
Current DrawdownCurrent decline from peak | -54.83% | 0.00% | -54.83% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -0.88% | -19.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 0.01% | +10.01% |
Volatility
XJSE.DE vs. XEON.DE - Volatility Comparison
Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a higher volatility of 1.82% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that XJSE.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
| XJSE.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.05% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 0.15% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 0.22% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 0.25% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 0.39% | +9.53% |
XJSE.DE vs. XEON.DE - Expense Ratio Comparison
XJSE.DE has a 0.15% 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
XJSE.DE vs. XEON.DE - Dividend Comparison
Neither XJSE.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XJSE.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 0.15% for XJSE.DE.
XJSE.DE is categorized as Government Bonds, while XEON.DE is Bank Loan. XJSE.DE tracks FTSE Japanese Government Bond Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.15% for XJSE.DE and 0.10% for XEON.DE.
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