XZBU.DE vs. XEON.DE
XZBU.DE (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - XZBU.DE is a Corporate Bonds fund tracking the Bloomberg US Corp Bond 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, XZBU.DE returned 0.68%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.04, they often move in opposite directions. XZBU.DE charges 0.16%/yr vs 0.10%/yr for XEON.DE.
Performance
XZBU.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZBU.DE achieves a 1.33% return, which is significantly higher than XEON.DE's 0.80% return.
XZBU.DE
- 1D
- 0.15%
- 1M
- 1.09%
- YTD
- 1.33%
- 6M
- 0.54%
- 1Y
- 3.92%
- 3Y*
- 2.09%
- 5Y*
- 0.68%
- 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%
XZBU.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 1.33% | -3.98% | 6.63% | 5.34% | -13.42% | 6.21% | -1.19% |
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 XZBU.DE and XEON.DE is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
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
XZBU.DE vs. XEON.DE — Risk / Return Rank
XZBU.DE
XEON.DE
XZBU.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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.
| XZBU.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.39 | ||
| Sortino ratioReturn per unit of downside risk | -20.41 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 4.27 | -3.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 69.36 | -68.45 |
| Martin ratioReturn relative to average drawdown | 2.28 | 316.53 | -314.25 |
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
| XZBU.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 8.94 | -8.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 7.54 | -7.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.74 | -0.75 |
Drawdowns
XZBU.DE vs. XEON.DE - Drawdown Comparison
The maximum XZBU.DE drawdown since its inception was -17.79%, 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 XZBU.DE and XEON.DE.
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Drawdown Indicators
| XZBU.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -3.71% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -0.03% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -0.08% | -12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -0.71% | -17.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -6.99% | -0.01% | -6.98% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -0.92% | -7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.01% | +1.47% |
Volatility
XZBU.DE vs. XEON.DE - Volatility Comparison
Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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 XZBU.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
| XZBU.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 | 4.28% | 0.16% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 0.22% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 0.25% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 0.39% | +8.56% |
XZBU.DE vs. XEON.DE - Expense Ratio Comparison
XZBU.DE has a 0.16% 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
XZBU.DE vs. XEON.DE - Dividend Comparison
Neither XZBU.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
XZBU.DE and XEON.DE have a correlation of -0.13, 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 0.16% for XZBU.DE.
XZBU.DE is categorized as Corporate Bonds, while XEON.DE is Bank Loan. XZBU.DE tracks Bloomberg US Corp Bond TR USD, while XEON.DE tracks Solactive €STR +8.5 Daily Index. Their fees differ too: 0.16% for XZBU.DE and 0.10% for XEON.DE.
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