ZPRM.DE vs. XEON.DE
ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both Money Market funds - ZPRM.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged) while XEON.DE tracks the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, ZPRM.DE returned 12.26%/yr vs 1.38%/yr for XEON.DE. At a 0.31 correlation, their price movements are largely independent. ZPRM.DE charges 0.05%/yr vs 0.10%/yr for XEON.DE.
Performance
ZPRM.DE vs. XEON.DE - Performance Comparison
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Different Trading Currencies
ZPRM.DE is traded in USD, while XEON.DE is traded in EUR. To make them comparable, the XEON.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRM.DE achieves a 6.31% return, which is significantly higher than XEON.DE's -1.57% return.
ZPRM.DE
- 1D
- -0.45%
- 1M
- -1.40%
- 6M
- 4.34%
- YTD
- 6.31%
- 1Y
- 15.02%
- 3Y*
- 8.36%
- 5Y*
- 12.26%
- 10Y*
- —
XEON.DE
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -0.35%
- YTD
- -1.57%
- 1Y
- 0.61%
- 3Y*
- 3.60%
- 5Y*
- 1.38%
- 10Y*
- 1.12%
ZPRM.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 6.31% | 23.34% | -6.88% | 29.70% | 13.58% | 1.41% | -0.25% | 13.94% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -1.57% | 15.43% | -2.15% | 6.56% | -5.55% | -8.43% | 9.15% | -0.46% |
Correlation
The correlation between ZPRM.DE and XEON.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.31 |
The correlation between ZPRM.DE and XEON.DE shifts across timeframes, from 0.31 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRM.DE vs. XEON.DE — Risk / Return Rank
ZPRM.DE
XEON.DE
ZPRM.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.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.
| ZPRM.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.02 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 0.12 | +2.97 |
| Martin ratioReturn relative to average drawdown | 12.44 | 0.25 | +12.18 |
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Drawdowns
ZPRM.DE vs. XEON.DE - Drawdown Comparison
The maximum ZPRM.DE drawdown since its inception was -24.15%, smaller than the maximum XEON.DE drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for ZPRM.DE and XEON.DE.
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Drawdown Indicators
| ZPRM.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -40.00% | +15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -4.95% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -7.52% | -8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -19.76% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -1.40% | -20.48% | +19.08% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -21.76% | +17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.40% | -1.19% |
Volatility
ZPRM.DE vs. XEON.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has a higher volatility of 2.14% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 1.23%. This indicates that ZPRM.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
| ZPRM.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 1.23% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 4.54% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 6.26% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 7.61% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 7.25% | +6.41% |
ZPRM.DE vs. XEON.DE - Expense Ratio Comparison
ZPRM.DE has a 0.05% expense ratio, which is lower than XEON.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPRM.DE vs. XEON.DE - Dividend Comparison
Neither ZPRM.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRM.DE and XEON.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRM.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRM.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for XEON.DE.
ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.05% for ZPRM.DE and 0.10% for XEON.DE.
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