EH1Y.DE vs. XHY1.DE
EH1Y.DE (iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist) and XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) are both European High Yield Bonds funds - EH1Y.DE tracks the ICE BofAML Euro High Yield Constrained while XHY1.DE tracks the iBoxx® EUR Liquid High Yield 1-3. Both are passively managed. Over the past 3 years, EH1Y.DE returned 7.57%/yr vs 5.12%/yr for XHY1.DE. A 0.68 correlation means they provide meaningful diversification when combined. EH1Y.DE charges 0.20%/yr vs 0.25%/yr for XHY1.DE.
Performance
EH1Y.DE vs. XHY1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EH1Y.DE achieves a 1.34% return, which is significantly higher than XHY1.DE's 0.57% return.
EH1Y.DE
- 1D
- 0.08%
- 1M
- 0.67%
- YTD
- 1.34%
- 6M
- 1.60%
- 1Y
- 4.08%
- 3Y*
- 7.57%
- 5Y*
- —
- 10Y*
- —
XHY1.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.57%
- 6M
- 0.97%
- 1Y
- 3.27%
- 3Y*
- 5.12%
- 5Y*
- 2.77%
- 10Y*
- 2.58%
EH1Y.DE vs. XHY1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 1.34% | 5.28% | 7.65% | 12.37% | -5.31% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -0.83% |
Correlation
The correlation between EH1Y.DE and XHY1.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.68 |
The correlation between EH1Y.DE and XHY1.DE shifts across timeframes, from 0.52 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EH1Y.DE vs. XHY1.DE — Risk / Return Rank
EH1Y.DE
XHY1.DE
EH1Y.DE vs. XHY1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) and Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.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.
| EH1Y.DE | XHY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.26 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.93 | 10.14 | -5.22 |
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
| EH1Y.DE | XHY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.26 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.31 | +0.61 |
Drawdowns
EH1Y.DE vs. XHY1.DE - Drawdown Comparison
The maximum EH1Y.DE drawdown since its inception was -10.62%, smaller than the maximum XHY1.DE drawdown of -25.91%. Use the drawdown chart below to compare losses from any high point for EH1Y.DE and XHY1.DE.
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Drawdown Indicators
| EH1Y.DE | XHY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.62% | -25.91% | +15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -1.43% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -2.78% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.91% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.12% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -1.55% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.32% | +0.47% |
Volatility
EH1Y.DE vs. XHY1.DE - Volatility Comparison
iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) has a higher volatility of 1.09% compared to Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) at 0.63%. This indicates that EH1Y.DE's price experiences larger fluctuations and is considered to be riskier than XHY1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EH1Y.DE | XHY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.63% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.03% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 2.56% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 4.45% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 7.54% | -2.20% |
EH1Y.DE vs. XHY1.DE - Expense Ratio Comparison
EH1Y.DE has a 0.20% expense ratio, which is lower than XHY1.DE's 0.25% 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
EH1Y.DE vs. XHY1.DE - Dividend Comparison
EH1Y.DE's dividend yield for the trailing twelve months is around 6.78%, more than XHY1.DE's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 6.78% | 5.47% | 5.71% | 5.03% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 4.02% | 3.93% | 5.53% | 6.87% | 4.97% | 5.12% | 2.95% | 1.78% | 1.35% | 3.10% | 3.14% |
Frequently Asked Questions
EH1Y.DE and XHY1.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EH1Y.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EH1Y.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XHY1.DE.
EH1Y.DE tracks ICE BofAML Euro High Yield Constrained, while XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for EH1Y.DE and 0.25% for XHY1.DE.
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