XMLD.DE vs. XEON.DE
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XMLD.DE is a Technology Equities fund tracking the ROBO Global Artificial Intelligence, 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, XMLD.DE returned 19.02%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. XMLD.DE charges 0.49%/yr vs 0.10%/yr for XEON.DE.
Performance
XMLD.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLD.DE achieves a 42.18% return, which is significantly higher than XEON.DE's 0.80% return.
XMLD.DE
- 1D
- -0.78%
- 1M
- 20.65%
- YTD
- 42.18%
- 6M
- 39.73%
- 1Y
- 73.37%
- 3Y*
- 33.99%
- 5Y*
- 19.02%
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.97%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
XMLD.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 42.18% | 16.99% | 25.17% | 54.28% | -36.45% | 19.09% | 51.75% | 0.00% |
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% | -0.03% |
Correlation
The correlation between XMLD.DE and XEON.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | -0.01 |
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Return for Risk
XMLD.DE vs. XEON.DE — Risk / Return Rank
XMLD.DE
XEON.DE
XMLD.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.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.
| XMLD.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.18 | ||
| Sortino ratioReturn per unit of downside risk | -17.85 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 4.27 | -2.84 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 69.36 | -64.74 |
| Martin ratioReturn relative to average drawdown | 12.52 | 316.53 | -304.01 |
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
| XMLD.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 8.94 | -6.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 7.54 | -6.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.74 | +0.09 |
Drawdowns
XMLD.DE vs. XEON.DE - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.81%, 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 XMLD.DE and XEON.DE.
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Drawdown Indicators
| XMLD.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -3.71% | -39.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -0.03% | -15.77% |
Max Drawdown (3Y)Largest decline over 3 years | -33.67% | -0.08% | -33.59% |
Max Drawdown (5Y)Largest decline over 5 years | -42.81% | -0.71% | -42.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -2.30% | -0.01% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -0.92% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 0.01% | +5.83% |
Volatility
XMLD.DE vs. XEON.DE - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (XMLD.DE) has a higher volatility of 10.34% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XMLD.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
| XMLD.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 0.04% | +10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 0.16% | +19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 0.22% | +26.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.22% | 0.25% | +26.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 0.39% | +28.13% |
XMLD.DE vs. XEON.DE - Expense Ratio Comparison
XMLD.DE has a 0.49% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
XMLD.DE vs. XEON.DE - Dividend Comparison
Neither XMLD.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and XEON.DE have a correlation of -0.01, 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 0.49% for XMLD.DE.
XMLD.DE is categorized as Technology Equities, while XEON.DE is Bank Loan. XMLD.DE tracks ROBO Global Artificial Intelligence, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.49% for XMLD.DE and 0.10% for XEON.DE.
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