XMKA.DE vs. XEON.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XMKA.DE is a Emerging Markets Equities fund tracking the MSCI EFM Africa Top 50 Capped 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, XMKA.DE returned 3.73%/yr vs 0.72%/yr for XEON.DE. At a 0.01 correlation, their price movements are largely independent. XMKA.DE charges 0.65%/yr vs 0.10%/yr for XEON.DE.
Performance
XMKA.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMKA.DE achieves a 0.44% return, which is significantly lower than XEON.DE's 0.98% return. Over the past 10 years, XMKA.DE has outperformed XEON.DE with an annualized return of 3.73%, while XEON.DE has yielded a comparatively lower 0.72% annualized return.
XMKA.DE
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- -1.39%
- YTD
- 0.44%
- 1Y
- 18.36%
- 3Y*
- 15.85%
- 5Y*
- 6.25%
- 10Y*
- 3.73%
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%
XMKA.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | 0.44% | 36.20% | 10.13% | -6.42% | -6.03% | 12.80% | -15.94% | 13.45% | -15.31% | 10.09% |
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 XMKA.DE and XEON.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 9, 2011 | 0.01 |
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Return for Risk
XMKA.DE vs. XEON.DE — Risk / Return Rank
XMKA.DE
XEON.DE
XMKA.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.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.
| XMKA.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.14 | ||
| Sortino ratioReturn per unit of downside risk | -20.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 4.45 | -3.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 69.56 | -68.44 |
| Martin ratioReturn relative to average drawdown | 2.77 | 323.59 | -320.83 |
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Drawdowns
XMKA.DE vs. XEON.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, 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 XMKA.DE and XEON.DE.
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Drawdown Indicators
| XMKA.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -3.71% | -47.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -0.03% | -16.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -0.08% | -16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -0.66% | -25.92% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -3.21% | -44.00% |
Current DrawdownCurrent decline from peak | -9.25% | 0.00% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -0.88% | -21.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 0.01% | +6.61% |
Volatility
XMKA.DE vs. XEON.DE - Volatility Comparison
Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) has a higher volatility of 6.54% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that XMKA.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
| XMKA.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 0.05% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 0.15% | +16.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 0.22% | +19.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 0.25% | +19.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 0.39% | +21.32% |
XMKA.DE vs. XEON.DE - Expense Ratio Comparison
XMKA.DE has a 0.65% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
XMKA.DE vs. XEON.DE - Dividend Comparison
Neither XMKA.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XMKA.DE and XEON.DE have a correlation of -0.07, 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 0.65% for XMKA.DE.
XMKA.DE is categorized as Emerging Markets Equities, while XEON.DE is Bank Loan. XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.65% for XMKA.DE and 0.10% for XEON.DE.
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