AHYE.DE vs. XHYG.DE
AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) and XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) are both European High Yield Bonds funds - AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates while XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 10 years, AHYE.DE returned 2.89%/yr vs 3.16%/yr for XHYG.DE. A 0.76 correlation means they provide meaningful diversification when combined. AHYE.DE charges 0.40%/yr vs 0.20%/yr for XHYG.DE.
Performance
AHYE.DE vs. XHYG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYE.DE achieves a 0.37% return, which is significantly lower than XHYG.DE's 1.00% return. Over the past 10 years, AHYE.DE has underperformed XHYG.DE with an annualized return of 2.89%, while XHYG.DE has yielded a comparatively higher 3.16% annualized return.
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
XHYG.DE
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 1.00%
- 6M
- 1.35%
- 1Y
- 3.43%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
AHYE.DE vs. XHYG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | 0.94% | 1.40% | 10.27% | -2.45% | 5.05% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -8.51% | 2.12% | 1.72% | 9.91% | -3.67% | 4.46% |
Correlation
The correlation between AHYE.DE and XHYG.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.76 |
The correlation between AHYE.DE and XHYG.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
AHYE.DE vs. XHYG.DE — Risk / Return Rank
AHYE.DE
XHYG.DE
AHYE.DE vs. XHYG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.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.
| AHYE.DE | XHYG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.22 | -0.22 |
| Martin ratioReturn relative to average drawdown | 4.06 | 5.17 | -1.11 |
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
| AHYE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.97 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.51 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.45 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Drawdowns
AHYE.DE vs. XHYG.DE - Drawdown Comparison
The maximum AHYE.DE drawdown since its inception was -23.41%, roughly equal to the maximum XHYG.DE drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for AHYE.DE and XHYG.DE.
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Drawdown Indicators
| AHYE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.41% | -24.00% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.81% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -3.64% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.89% | -14.54% | -2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.41% | -24.00% | +0.59% |
Current DrawdownCurrent decline from peak | -0.32% | -0.11% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.34% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.67% | +0.13% |
Volatility
AHYE.DE vs. XHYG.DE - Volatility Comparison
The current volatility for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) is 0.81%, while Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a volatility of 1.15%. This indicates that AHYE.DE experiences smaller price fluctuations and is considered to be less risky than XHYG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.15% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.10% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.53% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 5.45% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 7.17% | -0.44% |
AHYE.DE vs. XHYG.DE - Expense Ratio Comparison
AHYE.DE has a 0.40% expense ratio, which is higher than XHYG.DE's 0.20% expense ratio.
Dividends
AHYE.DE vs. XHYG.DE - Dividend Comparison
AHYE.DE has not paid dividends to shareholders, while XHYG.DE's dividend yield for the trailing twelve months is around 4.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
AHYE.DE and XHYG.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for AHYE.DE.
AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates, while XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.40% for AHYE.DE and 0.20% for XHYG.DE.
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