XUTE.DE vs. XEON.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XUTE.DE is a Government Bonds fund tracking the iBoxx USD Treasuries Index (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 5 years, XUTE.DE returned -2.48%/yr vs 1.98%/yr for XEON.DE. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
XUTE.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -0.78% return, which is significantly lower than XEON.DE's 0.98% return.
XUTE.DE
- 1D
- -0.07%
- 1M
- 0.37%
- 6M
- -0.57%
- YTD
- -0.78%
- 1Y
- 1.15%
- 3Y*
- 1.17%
- 5Y*
- -2.48%
- 10Y*
- —
XEON.DE
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 0.97%
- YTD
- 0.98%
- 1Y
- 1.98%
- 3Y*
- 2.96%
- 5Y*
- 1.98%
- 10Y*
- 0.72%
XUTE.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.98% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between XUTE.DE and XEON.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | -0.04 |
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Return for Risk
XUTE.DE vs. XEON.DE — Risk / Return Rank
XUTE.DE
XEON.DE
XUTE.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUTE.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.75 | ||
| Sortino ratioReturn per unit of downside risk | -21.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 4.45 | -3.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 69.56 | -69.24 |
| Martin ratioReturn relative to average drawdown | 0.86 | 323.59 | -322.74 |
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Drawdowns
XUTE.DE vs. XEON.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, 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 XUTE.DE and XEON.DE.
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Drawdown Indicators
| XUTE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -3.71% | -20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -0.03% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -0.08% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -0.66% | -19.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.21% | — |
Current DrawdownCurrent decline from peak | -16.71% | 0.00% | -16.71% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -0.88% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.01% | +1.33% |
Volatility
XUTE.DE vs. XEON.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a higher volatility of 0.95% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.05%. This indicates that XUTE.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
| XUTE.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.05% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 0.15% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 0.22% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 0.25% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 0.39% | +4.70% |
XUTE.DE vs. XEON.DE - Expense Ratio Comparison
Both XUTE.DE and XEON.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. XEON.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.39% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and XEON.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE and XEON.DE have the same expense ratio: 0.10% per year.
XUTE.DE is categorized as Government Bonds, while XEON.DE is Bank Loan. XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while XEON.DE tracks Solactive €STR +8.5 Daily Index.
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