XSX7.DE vs. XEON.DE
XSX7.DE (Xtrackers Stoxx Europe 600 UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XSX7.DE is a Europe Equities fund tracking the STOXX® Europe 600, 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, XSX7.DE returned 14.05%/yr vs 2.99%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. XSX7.DE charges 0.07%/yr vs 0.10%/yr for XEON.DE.
Performance
XSX7.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSX7.DE achieves a 7.42% return, which is significantly higher than XEON.DE's 0.80% return.
XSX7.DE
- 1D
- 0.51%
- 1M
- 0.85%
- YTD
- 7.42%
- 6M
- 10.03%
- 1Y
- 16.27%
- 3Y*
- 14.05%
- 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%
XSX7.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XSX7.DE Xtrackers Stoxx Europe 600 UCITS ETF | 7.42% | 21.04% | 8.43% | 12.54% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 2.81% |
Correlation
The correlation between XSX7.DE and XEON.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2023 | -0.02 |
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Return for Risk
XSX7.DE vs. XEON.DE — Risk / Return Rank
XSX7.DE
XEON.DE
XSX7.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF (XSX7.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.
| XSX7.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.65 | ||
| Sortino ratioReturn per unit of downside risk | -19.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 4.27 | -3.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 69.36 | -67.62 |
| Martin ratioReturn relative to average drawdown | 6.53 | 316.53 | -310.00 |
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
| XSX7.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 8.94 | -7.65 |
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 | 1.20 | 0.74 | +0.46 |
Drawdowns
XSX7.DE vs. XEON.DE - Drawdown Comparison
The maximum XSX7.DE drawdown since its inception was -16.32%, 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 XSX7.DE and XEON.DE.
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Drawdown Indicators
| XSX7.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.32% | -3.71% | -12.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -0.03% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.32% | -0.08% | -16.24% |
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 | -1.65% | -0.01% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -1.96% | -0.92% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.01% | +2.48% |
Volatility
XSX7.DE vs. XEON.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF (XSX7.DE) has a higher volatility of 4.24% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XSX7.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
| XSX7.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 0.04% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 0.16% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 0.22% | +12.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 0.25% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 0.39% | +12.41% |
XSX7.DE vs. XEON.DE - Expense Ratio Comparison
XSX7.DE has a 0.07% expense ratio, which is lower than XEON.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSX7.DE vs. XEON.DE - Dividend Comparison
XSX7.DE's dividend yield for the trailing twelve months is around 2.59%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
XSX7.DE Xtrackers Stoxx Europe 600 UCITS ETF | 2.59% | 2.67% | 3.32% | 2.25% |
Frequently Asked Questions
XSX7.DE and XEON.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSX7.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX7.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for XEON.DE.
XSX7.DE is categorized as Europe Equities, while XEON.DE is Bank Loan. XSX7.DE tracks STOXX® Europe 600, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.07% for XSX7.DE and 0.10% for XEON.DE.
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