DBEZ vs. SHYL
DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both exchange-traded funds - DBEZ is a Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant, while SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 5 years, DBEZ returned 11.78%/yr vs 4.87%/yr for SHYL. A 0.61 correlation means they provide meaningful diversification when combined. DBEZ charges 0.47%/yr vs 0.20%/yr for SHYL.
Performance
DBEZ vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, DBEZ achieves a 9.52% return, which is significantly higher than SHYL's 1.15% return.
DBEZ
- 1D
- -0.83%
- 1M
- 5.81%
- YTD
- 9.52%
- 6M
- 11.46%
- 1Y
- 18.85%
- 3Y*
- 16.73%
- 5Y*
- 11.78%
- 10Y*
- 11.73%
SHYL
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.57%
- 1Y
- 6.04%
- 3Y*
- 8.28%
- 5Y*
- 4.87%
- 10Y*
- —
DBEZ vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 9.52% | 26.14% | 9.51% | 21.78% | -10.13% | 23.52% | 0.36% | 29.94% | -13.68% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.15% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.67% |
Correlation
The correlation between DBEZ and SHYL is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.61 |
The correlation between DBEZ and SHYL has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
DBEZ vs. SHYL — Risk / Return Rank
DBEZ
SHYL
DBEZ vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.
| DBEZ | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.81 | -2.09 |
| Martin ratioReturn relative to average drawdown | 6.67 | 15.01 | -8.34 |
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
| DBEZ | SHYL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.90 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.84 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.72 | -0.13 |
Drawdowns
DBEZ vs. SHYL - Drawdown Comparison
The maximum DBEZ drawdown since its inception was -38.76%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for DBEZ and SHYL.
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Drawdown Indicators
| DBEZ | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -19.26% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -1.59% | -9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.59% | -4.73% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -9.60% | -13.78% |
Max Drawdown (10Y)Largest decline over 10 years | -38.76% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.23% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.54% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 0.40% | +2.43% |
Volatility
DBEZ vs. SHYL - Volatility Comparison
Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) has a higher volatility of 5.60% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.85%. This indicates that DBEZ's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBEZ | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 0.85% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 2.45% | +9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 3.20% | +11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 5.84% | +10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 6.69% | +11.67% |
DBEZ vs. SHYL - Expense Ratio Comparison
DBEZ has a 0.47% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Dividends
DBEZ vs. SHYL - Dividend Comparison
DBEZ's dividend yield for the trailing twelve months is around 3.84%, less than SHYL's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 3.84% | 4.20% | 0.62% | 1.84% | 1.68% | 1.64% | 1.99% | 2.86% | 2.56% | 2.11% | 3.42% | 4.92% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBEZ and SHYL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBEZ has higher volatility (5.60%) compared to SHYL (0.85%). In terms of maximum drawdown, DBEZ dropped -38.76% vs SHYL's -19.26%.
On 5-year performance, DBEZ leads with 11.78% vs 4.87% for SHYL. On fees, SHYL is cheaper at 0.20% per year. On volatility, SHYL has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBEZ has performed better with a 11.78% return vs 4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.47% for DBEZ.
SHYL has the higher dividend yield at 6.94%, compared with 3.84% for DBEZ.
DBEZ is categorized as Europe Equities, while SHYL is High Yield Bonds. DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index. Their fees differ too: 0.47% for DBEZ and 0.20% for SHYL.
SHYL currently has the higher Sharpe Ratio (1.90 vs 1.30), 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.
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