XWEQ.DE vs. XEON.DE
XWEQ.DE (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XWEQ.DE is a Global Equities fund tracking the MSCI World Quality Low Carbon SRI Screened Select, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past year, XWEQ.DE returned 23.57% vs 1.95% for XEON.DE. At a correlation of -0.07, they often move in opposite directions. XWEQ.DE charges 0.25%/yr vs 0.10%/yr for XEON.DE.
Performance
XWEQ.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEQ.DE achieves a 9.71% return, which is significantly higher than XEON.DE's 0.80% return.
XWEQ.DE
- 1D
- 0.77%
- 1M
- 2.68%
- YTD
- 9.71%
- 6M
- 11.10%
- 1Y
- 23.57%
- 3Y*
- —
- 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%
XWEQ.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.71% | 4.46% | 25.97% | 0.47% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 1.88% |
Correlation
The correlation between XWEQ.DE and XEON.DE is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | -0.07 |
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Return for Risk
XWEQ.DE vs. XEON.DE — Risk / Return Rank
XWEQ.DE
XEON.DE
XWEQ.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.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.
| XWEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.92 | ||
| Sortino ratioReturn per unit of downside risk | -18.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 4.27 | -2.90 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 69.36 | -66.09 |
| Martin ratioReturn relative to average drawdown | 12.77 | 316.53 | -303.76 |
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
| XWEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 8.94 | -6.92 |
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 | 0.89 | 0.74 | +0.15 |
Drawdowns
XWEQ.DE vs. XEON.DE - Drawdown Comparison
The maximum XWEQ.DE drawdown since its inception was -22.80%, 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 XWEQ.DE and XEON.DE.
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Drawdown Indicators
| XWEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -3.71% | -19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -0.03% | -7.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.08% | — |
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 | -0.73% | -0.01% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -0.92% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.01% | +1.85% |
Volatility
XWEQ.DE vs. XEON.DE - Volatility Comparison
Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) has a higher volatility of 2.76% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that XWEQ.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
| XWEQ.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.04% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 0.16% | +8.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 0.22% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 0.25% | +14.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 0.39% | +14.79% |
XWEQ.DE vs. XEON.DE - Expense Ratio Comparison
XWEQ.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
XWEQ.DE vs. XEON.DE - Dividend Comparison
Neither XWEQ.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEQ.DE and XEON.DE have a correlation of -0.07, 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 XWEQ.DE.
XWEQ.DE is categorized as Global Equities, while XEON.DE is Bank Loan. XWEQ.DE tracks MSCI World Quality Low Carbon SRI Screened Select, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.25% for XWEQ.DE and 0.10% for XEON.DE.
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