DB1.DE vs. BHYIX

Last updated Jun 4, 2026

DB1.DE (Deutsche Börse AG) is a stock, while BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares) is High Yield Bonds fund managed by BlackRock. Over the past 10 years, DB1.DE returned 14.19%/yr vs 5.66%/yr for BHYIX. At a 0.07 correlation, their price movements are largely independent.

Performance

DB1.DE vs. BHYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deutsche Börse AG (DB1.DE) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DB1.DE is traded in EUR, while BHYIX is traded in USD. To make them comparable, the BHYIX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DB1.DE achieves a 9.57% return, which is significantly higher than BHYIX's 2.90% return. Over the past 10 years, DB1.DE has outperformed BHYIX with an annualized return of 14.19%, while BHYIX has yielded a comparatively lower 5.66% annualized return.

DB1.DE

• 1D: -0.50%
• 1M: -6.31%
• YTD: 9.57%
• 6M: 9.42%
• 1Y: -12.84%
• 3Y*: 15.32%
• 5Y*: 14.43%
• 10Y*: 14.19%

BHYIX

• 1D: 0.26%
• 1M: 1.20%
• YTD: 2.90%
• 6M: 2.78%
• 1Y: 5.66%
• 3Y*: 6.34%
• 5Y*: 5.36%
• 10Y*: 5.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DB1.DE vs. BHYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DB1.DE Deutsche Börse AG	9.57%	2.03%	21.82%	18.03%	11.90%	7.98%	1.28%	36.60%	10.78%	29.96%
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares	2.90%	-3.77%	15.71%	9.80%	-5.74%	13.43%	-2.86%	17.95%	1.75%	-5.07%

Correlation

The correlation between DB1.DE and BHYIX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	0.07

Return for Risk

DB1.DE vs. BHYIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DB1.DE

DB1.DE Risk / Return Rank: 20
DB1.DE Sharpe Ratio Rank: 16
DB1.DE Sortino Ratio Rank: 15
DB1.DE Omega Ratio Rank: 16
DB1.DE Calmar Ratio Rank: 25
DB1.DE Martin Ratio Rank: 27

BHYIX

BHYIX Risk / Return Rank: 82
BHYIX Sharpe Ratio Rank: 70
BHYIX Sortino Ratio Rank: 90
BHYIX Omega Ratio Rank: 85
BHYIX Calmar Ratio Rank: 75
BHYIX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DB1.DE vs. BHYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Börse AG (DB1.DE) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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.

	DB1.DE	BHYIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.02	-1.61
Sortino ratio: Return per unit of downside risk	-0.73	1.44	-2.17
Omega ratio: Gain probability vs. loss probability	0.92	1.19	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.44	1.69	-2.14
Martin ratio: Return relative to average drawdown	-0.72	5.36	-6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB1.DE vs. BHYIX - Sharpe Ratio Comparison

The current DB1.DE Sharpe Ratio is -0.58, which is lower than the BHYIX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of DB1.DE and BHYIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DB1.DE	BHYIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	1.02	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.68	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.68	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.74	-0.27

Drawdowns

DB1.DE vs. BHYIX - Drawdown Comparison

The maximum DB1.DE drawdown since its inception was -76.94%, which is greater than BHYIX's maximum drawdown of -35.30%. Use the drawdown chart below to compare losses from any high point for DB1.DE and BHYIX.

Drawdown Indicators

	DB1.DE	BHYIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.94%	-35.30%	-41.64%
Max Drawdown (1Y) Largest decline over 1 year	-28.77%	-3.81%	-24.96%
Max Drawdown (3Y) Largest decline over 3 years	-29.61%	-12.41%	-17.20%
Max Drawdown (5Y) Largest decline over 5 years	-29.61%	-12.41%	-17.20%
Max Drawdown (10Y) Largest decline over 10 years	-36.97%	-22.81%	-14.16%
Current Drawdown Current decline from peak	-15.14%	-2.68%	-12.46%
Average Drawdown Average peak-to-trough decline	-22.03%	-4.94%	-17.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.69%	1.20%	+16.49%

Volatility

DB1.DE vs. BHYIX - Volatility Comparison

Deutsche Börse AG (DB1.DE) has a higher volatility of 7.42% compared to BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) at 1.10%. This indicates that DB1.DE's price experiences larger fluctuations and is considered to be riskier than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DB1.DE	BHYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	1.10%	+6.32%
Volatility (6M) Calculated over the trailing 6-month period	17.28%	4.34%	+12.94%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	6.34%	+15.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	7.94%	+11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	8.32%	+13.49%

Dividends

DB1.DE vs. BHYIX - Dividend Comparison

DB1.DE's dividend yield for the trailing twelve months is around 1.74%, less than BHYIX's 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares	7.05%	7.05%	7.46%	6.15%	4.91%	4.73%	5.12%	5.70%	6.33%	5.82%	5.96%	6.33%
DB1.DE Deutsche Börse AG	1.74%	1.79%	1.71%	1.93%	1.98%	2.04%	2.08%	1.93%	2.33%	2.43%	2.94%	2.58%

Frequently Asked Questions

Can I hold both DB1.DE and BHYIX in my portfolio?

DB1.DE and BHYIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.