AYE2.DE vs. XDWF.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and XDWF.DE (Xtrackers MSCI World Financials UCITS ETF 1C) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while XDWF.DE is a Financials Equities fund tracking the MSCI World Financials. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 12.85%/yr for XDWF.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
AYE2.DE vs. XDWF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than XDWF.DE's 1.15% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
XDWF.DE
- 1D
- 2.02%
- 1M
- 2.66%
- YTD
- 1.15%
- 6M
- 4.89%
- 1Y
- 12.52%
- 3Y*
- 20.89%
- 5Y*
- 12.85%
- 10Y*
- 11.89%
AYE2.DE vs. XDWF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C | 1.15% | 15.35% | 34.08% | 12.42% | -4.87% | 16.93% |
Correlation
The correlation between AYE2.DE and XDWF.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.54 |
The correlation between AYE2.DE and XDWF.DE has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
AYE2.DE vs. XDWF.DE — Risk / Return Rank
AYE2.DE
XDWF.DE
AYE2.DE vs. XDWF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.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.
| AYE2.DE | XDWF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.29 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.15 | 3.98 | +1.17 |
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
| AYE2.DE | XDWF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.93 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.78 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.18 |
Drawdowns
AYE2.DE vs. XDWF.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum XDWF.DE drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and XDWF.DE.
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Drawdown Indicators
| AYE2.DE | XDWF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -42.06% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -9.65% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -19.74% | +16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -19.74% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.06% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.84% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -6.06% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.14% | -2.41% |
Volatility
AYE2.DE vs. XDWF.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) has a volatility of 3.37%. This indicates that AYE2.DE experiences smaller price fluctuations and is considered to be less risky than XDWF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYE2.DE | XDWF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 3.37% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 10.03% | -6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 13.39% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 16.25% | -10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 18.61% | -13.35% |
AYE2.DE vs. XDWF.DE - Expense Ratio Comparison
Both AYE2.DE and XDWF.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AYE2.DE vs. XDWF.DE - Dividend Comparison
Neither AYE2.DE nor XDWF.DE has paid dividends to shareholders.
Frequently Asked Questions
AYE2.DE and XDWF.DE have a correlation of 0.59, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE and XDWF.DE have the same expense ratio: 0.25% per year.
AYE2.DE is categorized as European High Yield Bonds, while XDWF.DE is Financials Equities. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while XDWF.DE tracks MSCI World Financials. They also come from different issuers: iShares and Xtrackers.
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