EUHA.DE vs. XHYG.DE
EUHA.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) are both European High Yield Bonds funds - EUHA.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained while XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, EUHA.DE returned 2.85%/yr vs 2.78%/yr for XHYG.DE. A 0.71 correlation means they provide meaningful diversification when combined. EUHA.DE charges 0.50%/yr vs 0.20%/yr for XHYG.DE.
Performance
EUHA.DE vs. XHYG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHA.DE achieves a 1.21% return, which is significantly higher than XHYG.DE's 1.00% return.
EUHA.DE
- 1D
- 0.10%
- 1M
- 1.11%
- YTD
- 1.21%
- 6M
- 1.65%
- 1Y
- 3.44%
- 3Y*
- 6.41%
- 5Y*
- 2.85%
- 10Y*
- —
XHYG.DE
- 1D
- 0.08%
- 1M
- 1.03%
- YTD
- 1.00%
- 6M
- 1.40%
- 1Y
- 3.45%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
EUHA.DE vs. XHYG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.21% | 5.16% | 6.18% | 10.06% | -8.20% | 3.18% | 1.17% | 8.26% | -4.28% | 0.40% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -8.51% | 2.12% | 1.72% | 9.91% | -3.67% | -0.06% |
Correlation
The correlation between EUHA.DE and XHYG.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.71 |
The correlation between EUHA.DE and XHYG.DE shifts across timeframes, from 0.64 (3 years) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHA.DE vs. XHYG.DE — Risk / Return Rank
EUHA.DE
XHYG.DE
EUHA.DE vs. XHYG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.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.
| EUHA.DE | XHYG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.22 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.03 | 5.17 | -0.14 |
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
| EUHA.DE | XHYG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.97 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.51 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.44 | -0.11 |
Drawdowns
EUHA.DE vs. XHYG.DE - Drawdown Comparison
The maximum EUHA.DE drawdown since its inception was -23.36%, roughly equal to the maximum XHYG.DE drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for EUHA.DE and XHYG.DE.
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Drawdown Indicators
| EUHA.DE | XHYG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -24.00% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.81% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.50% | -3.64% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -14.54% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.00% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.11% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.34% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.67% | +0.01% |
Volatility
EUHA.DE vs. XHYG.DE - Volatility Comparison
The current volatility for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) is 0.78%, while Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a volatility of 1.15%. This indicates that EUHA.DE experiences smaller price fluctuations and is considered to be less risky than XHYG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHA.DE | XHYG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.15% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 3.10% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.53% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 5.45% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 7.17% | +0.37% |
EUHA.DE vs. XHYG.DE - Expense Ratio Comparison
EUHA.DE has a 0.50% expense ratio, which is higher than XHYG.DE's 0.20% expense ratio.
Dividends
EUHA.DE vs. XHYG.DE - Dividend Comparison
EUHA.DE has not paid dividends to shareholders, while XHYG.DE's dividend yield for the trailing twelve months is around 4.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
EUHA.DE and XHYG.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for EUHA.DE.
EUHA.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: PIMCO and Xtrackers. Their fees differ too: 0.50% for EUHA.DE and 0.20% for XHYG.DE.
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