BNDW vs. XUHY.DE
BNDW (Vanguard Total World Bond ETF) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both exchange-traded funds - BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index, while XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, BNDW returned 0.18%/yr vs 3.72%/yr for XUHY.DE. At a 0.26 correlation, their price movements are largely independent. BNDW charges 0.05%/yr vs 0.20%/yr for XUHY.DE.
Performance
BNDW vs. XUHY.DE - Performance Comparison
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Different Trading Currencies
BNDW is traded in USD, while XUHY.DE is traded in EUR. To make them comparable, the XUHY.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNDW achieves a 0.76% return, which is significantly lower than XUHY.DE's 1.48% return.
BNDW
- 1D
- 0.03%
- 1M
- 0.68%
- YTD
- 0.76%
- 6M
- 1.04%
- 1Y
- 3.18%
- 3Y*
- 4.25%
- 5Y*
- 0.18%
- 10Y*
- —
XUHY.DE
- 1D
- -0.47%
- 1M
- 0.15%
- YTD
- 1.48%
- 6M
- 2.00%
- 1Y
- 7.28%
- 3Y*
- 8.59%
- 5Y*
- 3.72%
- 10Y*
- —
BNDW vs. XUHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 0.76% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 1.48% | 9.79% | 6.26% | 12.89% | -11.60% | 3.57% | 6.19% | 16.20% | -4.38% |
Correlation
The correlation between BNDW and XUHY.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.26 |
The correlation between BNDW and XUHY.DE shifts across timeframes, from 0.26 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BNDW vs. XUHY.DE — Risk / Return Rank
BNDW
XUHY.DE
BNDW vs. XUHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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.
| BNDW | XUHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.52 | -1.33 |
| Martin ratioReturn relative to average drawdown | 3.24 | 10.71 | -7.47 |
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Drawdowns
BNDW vs. XUHY.DE - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, smaller than the maximum XUHY.DE drawdown of -27.71%. Use the drawdown chart below to compare losses from any high point for BNDW and XUHY.DE.
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Drawdown Indicators
| BNDW | XUHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -27.71% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.88% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -7.18% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -16.48% | -0.45% |
Current DrawdownCurrent decline from peak | -1.20% | -0.47% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -6.91% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.68% | +0.31% |
Volatility
BNDW vs. XUHY.DE - Volatility Comparison
The current volatility for Vanguard Total World Bond ETF (BNDW) is 1.29%, while Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) has a volatility of 1.54%. This indicates that BNDW experiences smaller price fluctuations and is considered to be less risky than XUHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDW | XUHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.54% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 4.08% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 5.60% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 8.18% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 12.48% | -7.58% |
BNDW vs. XUHY.DE - Expense Ratio Comparison
BNDW has a 0.05% expense ratio, which is lower than XUHY.DE's 0.20% 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
BNDW vs. XUHY.DE - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.20%, less than XUHY.DE's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.20% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.60% | 6.60% | 7.39% | 6.02% | 6.13% | 9.09% | 5.94% | 4.80% | 0.00% |
Frequently Asked Questions
BNDW and XUHY.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.20% for XUHY.DE.
BNDW is categorized as Global Bonds, while XUHY.DE is High Yield Bonds. BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index, while XUHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for BNDW and 0.20% for XUHY.DE.
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