XT01.DE vs. XEON.DE
XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XT01.DE is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index, 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, XT01.DE returned 4.31%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.04, they often move in opposite directions. XT01.DE charges 0.06%/yr vs 0.10%/yr for XEON.DE.
Performance
XT01.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XT01.DE achieves a 2.61% return, which is significantly higher than XEON.DE's 0.80% return.
XT01.DE
- 1D
- -0.08%
- 1M
- 0.98%
- YTD
- 2.61%
- 6M
- 2.04%
- 1Y
- 2.13%
- 3Y*
- 1.88%
- 5Y*
- 4.31%
- 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%
XT01.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 2.61% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.76% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.19% |
Correlation
The correlation between XT01.DE and XEON.DE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.04 |
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Return for Risk
XT01.DE vs. XEON.DE — Risk / Return Rank
XT01.DE
XEON.DE
XT01.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| XT01.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.58 | ||
| Sortino ratioReturn per unit of downside risk | -20.70 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 4.27 | -3.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 69.36 | -68.73 |
| Martin ratioReturn relative to average drawdown | 1.33 | 316.53 | -315.20 |
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
| XT01.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 8.94 | -8.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 7.54 | -6.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.74 | -0.30 |
Drawdowns
XT01.DE vs. XEON.DE - Drawdown Comparison
The maximum XT01.DE drawdown since its inception was -11.68%, 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 XT01.DE and XEON.DE.
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Drawdown Indicators
| XT01.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -3.71% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -0.03% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -11.68% | -0.08% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -0.71% | -10.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.01% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -0.92% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.01% | +1.59% |
Volatility
XT01.DE vs. XEON.DE - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a higher volatility of 1.25% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XT01.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
| XT01.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.04% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 0.16% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 0.22% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 0.25% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 0.39% | +6.87% |
XT01.DE vs. XEON.DE - Expense Ratio Comparison
XT01.DE has a 0.06% 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
XT01.DE vs. XEON.DE - Dividend Comparison
Neither XT01.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XT01.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, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for XEON.DE.
XT01.DE is categorized as Government Bonds, while XEON.DE is Bank Loan. XT01.DE tracks FTSE US Treasury Short Duration Index, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.06% for XT01.DE and 0.10% for XEON.DE.
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