XUEE.DE vs. XEON.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XUEE.DE is a Emerging Markets Bonds fund tracking the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), 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, XUEE.DE returned 7.16%/yr vs 2.99%/yr for XEON.DE. At a 0.01 correlation, their price movements are largely independent. XUEE.DE charges 0.40%/yr vs 0.10%/yr for XEON.DE.
Performance
XUEE.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.11% return, which is significantly higher than XEON.DE's 0.80% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- -0.23%
- YTD
- 1.11%
- 6M
- 1.45%
- 1Y
- 8.89%
- 3Y*
- 7.16%
- 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%
XUEE.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.11% |
Correlation
The correlation between XUEE.DE and XEON.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.01 |
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Return for Risk
XUEE.DE vs. XEON.DE — Risk / Return Rank
XUEE.DE
XEON.DE
XUEE.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 EUR Hedged (XUEE.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.
| XUEE.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.22 | ||
| Sortino ratioReturn per unit of downside risk | -18.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 4.27 | -2.95 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 69.36 | -67.33 |
| Martin ratioReturn relative to average drawdown | 7.91 | 316.53 | -308.63 |
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
| XUEE.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 8.94 | -7.22 |
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 | -0.07 | 0.74 | -0.81 |
Drawdowns
XUEE.DE vs. XEON.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, 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 XUEE.DE and XEON.DE.
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Drawdown Indicators
| XUEE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -3.71% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -0.03% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -0.08% | -8.49% |
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 | -4.52% | -0.01% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -0.92% | -14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.01% | +1.10% |
Volatility
XUEE.DE vs. XEON.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) has a higher volatility of 1.82% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XUEE.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
| XUEE.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.04% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 0.16% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 0.22% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 0.25% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 0.39% | +8.75% |
XUEE.DE vs. XEON.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
XUEE.DE vs. XEON.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
XUEE.DE and XEON.DE have a correlation of 0.05, 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 0.40% for XUEE.DE.
XUEE.DE is categorized as Emerging Markets Bonds, while XEON.DE is Bank Loan. XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.40% for XUEE.DE and 0.10% for XEON.DE.
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