DBEU vs. HYLB
DBEU (Xtrackers MSCI Europe Hedged Equity Fund) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both exchange-traded funds - DBEU is a Europe Equities fund tracking the MSCI Europe US Dollar Hedged Index, while HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, DBEU returned 11.88%/yr vs 3.86%/yr for HYLB. Their 0.59 correlation means they have sometimes moved together and sometimes differently. DBEU charges 0.45%/yr vs 0.15%/yr for HYLB.
Performance
DBEU vs. HYLB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBEU achieves a 13.04% return, which is significantly higher than HYLB's 1.76% return.
DBEU
- 1D
- -0.52%
- 1M
- 0.12%
- 6M
- 9.37%
- YTD
- 13.04%
- 1Y
- 25.99%
- 3Y*
- 15.98%
- 5Y*
- 11.88%
- 10Y*
- 11.45%
- ALL TIME*
- 9.85%
HYLB
- 1D
- 0.00%
- 1M
- -0.27%
- 6M
- 1.16%
- YTD
- 1.76%
- 1Y
- 5.27%
- 3Y*
- 8.33%
- 5Y*
- 3.86%
- 10Y*
- —
- ALL TIME*
- 4.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.29M | $2.18M | |
| $41.71M | $36.91M | $41.99M |
DBEU vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 13.04% | 22.18% | 9.17% | 17.43% | -6.25% | 23.99% | -1.42% | 27.32% | -8.49% | 14.60% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.76% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
Correlation
The correlation between DBEU and HYLB is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2016 | 0.59 |
The correlation between DBEU and HYLB has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBEU vs. HYLB — Risk / Return Rank
DBEU
HYLB
DBEU vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Hedged Equity Fund (DBEU) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| DBEU | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.33 | +0.14 |
| Martin ratioReturn relative to average drawdown | 10.08 | 9.81 | +0.26 |
Loading charts...
Drawdowns
DBEU vs. HYLB - Drawdown Comparison
The maximum DBEU drawdown since its inception was -34.50%, which is greater than HYLB's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for DBEU and HYLB.
Loading charts...
Drawdown Indicators
| DBEU | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -22.91% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -2.27% | -7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -4.51% | -10.84% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -15.54% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.41% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -2.40% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.54% | +1.86% |
Volatility
DBEU vs. HYLB - Volatility Comparison
Xtrackers MSCI Europe Hedged Equity Fund (DBEU) has a higher volatility of 3.81% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 0.79%. This indicates that DBEU's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBEU | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 0.79% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 3.08% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 3.75% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 7.47% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 8.12% | +8.12% |
DBEU vs. HYLB - Expense Ratio Comparison
DBEU has a 0.45% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
DBEU vs. HYLB - Dividend Comparison
DBEU's dividend yield for the trailing twelve months is around 1.40%, less than HYLB's 6.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 1.40% | 4.55% | 0.07% | 3.64% | 1.96% | 1.87% | 2.44% | 2.77% | 3.55% | 2.28% | 9.92% | 5.50% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 5.97% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
Frequently Asked Questions
DBEU and HYLB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBEU has higher volatility (3.81%) compared to HYLB (0.79%). In terms of maximum drawdown, DBEU dropped -34.50% vs HYLB's -22.91%.
On 5-year performance, DBEU leads with 11.88% vs 3.86% for HYLB. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBEU has performed better with a 11.88% return vs 3.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.45% for DBEU.
HYLB has the higher dividend yield at 5.97%, compared with 1.40% for DBEU.
DBEU is categorized as Europe Equities, while HYLB is High Yield Bonds. DBEU tracks MSCI Europe US Dollar Hedged Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. Their fees differ too: 0.45% for DBEU and 0.15% for HYLB.
DBEU currently has the higher Sharpe Ratio (1.83 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DBEU and HYLB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer