XUEB.DE vs. XEON.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XUEB.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, 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, XUEB.DE returned 2.85%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.02, they often move in opposite directions. XUEB.DE charges 0.25%/yr vs 0.10%/yr for XEON.DE.
Performance
XUEB.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than XEON.DE's 0.80% return.
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.42%
- YTD
- 3.66%
- 6M
- 3.08%
- 1Y
- 10.76%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 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%
XUEB.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.35% |
Correlation
The correlation between XUEB.DE and XEON.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | -0.02 |
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Return for Risk
XUEB.DE vs. XEON.DE — Risk / Return Rank
XUEB.DE
XEON.DE
XUEB.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| XUEB.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.19 | ||
| Sortino ratioReturn per unit of downside risk | -18.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 4.27 | -2.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 69.36 | -65.53 |
| Martin ratioReturn relative to average drawdown | 10.83 | 316.53 | -305.70 |
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
| XUEB.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 8.94 | -7.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 7.54 | -7.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.74 | -0.49 |
Drawdowns
XUEB.DE vs. XEON.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, 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 XUEB.DE and XEON.DE.
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Drawdown Indicators
| XUEB.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -3.71% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -0.03% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -0.08% | -13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -0.71% | -16.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.01% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -0.92% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.01% | +0.95% |
Volatility
XUEB.DE vs. XEON.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a higher volatility of 1.29% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XUEB.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
| XUEB.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.04% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 0.16% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 0.22% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 0.25% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 0.39% | +8.17% |
XUEB.DE vs. XEON.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% 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
XUEB.DE vs. XEON.DE - Dividend Comparison
Neither XUEB.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XUEB.DE and XEON.DE have a correlation of -0.09, 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 0.25% for XUEB.DE.
XUEB.DE is categorized as Emerging Markets Bonds, while XEON.DE is Bank Loan. XUEB.DE tracks JPM EMBI Global Diversified TR USD, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.25% for XUEB.DE and 0.10% for XEON.DE.
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