EUHI.DE vs. XHY1.DE
EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) are both European High Yield Bonds funds - EUHI.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained while XHY1.DE tracks the iBoxx® EUR Liquid High Yield 1-3. Both are passively managed. Over the past 5 years, EUHI.DE returned 2.83%/yr vs 2.77%/yr for XHY1.DE. A 0.51 correlation means they provide meaningful diversification when combined. EUHI.DE charges 0.50%/yr vs 0.25%/yr for XHY1.DE.
Performance
EUHI.DE vs. XHY1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHI.DE achieves a 1.24% return, which is significantly higher than XHY1.DE's 0.57% return.
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 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%
EUHI.DE vs. XHY1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | -8.21% | 3.21% | 1.04% | 8.37% | -4.20% | 0.33% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -3.97% | 2.51% | 1.30% | 5.63% | -2.54% | 0.35% |
Correlation
The correlation between EUHI.DE and XHY1.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.51 |
The correlation between EUHI.DE and XHY1.DE shifts across timeframes, from 0.51 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHI.DE vs. XHY1.DE — Risk / Return Rank
EUHI.DE
XHY1.DE
EUHI.DE vs. XHY1.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 Dist (EUHI.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.
| EUHI.DE | XHY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.26 | -1.02 |
| Martin ratioReturn relative to average drawdown | 5.48 | 10.14 | -4.66 |
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
| EUHI.DE | XHY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.26 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.09 |
Drawdowns
EUHI.DE vs. XHY1.DE - Drawdown Comparison
The maximum EUHI.DE drawdown since its inception was -21.68%, smaller than the maximum XHY1.DE drawdown of -25.91%. Use the drawdown chart below to compare losses from any high point for EUHI.DE and XHY1.DE.
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Drawdown Indicators
| EUHI.DE | XHY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -25.91% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.43% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -2.78% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | -8.53% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.91% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.12% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -1.55% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.32% | +0.32% |
Volatility
EUHI.DE vs. XHY1.DE - Volatility Comparison
PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) has a higher volatility of 0.67% compared to Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) at 0.63%. This indicates that EUHI.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
| EUHI.DE | XHY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.63% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 2.03% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 2.56% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 4.45% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 7.54% | -1.33% |
EUHI.DE vs. XHY1.DE - Expense Ratio Comparison
EUHI.DE has a 0.50% expense ratio, which is higher than XHY1.DE's 0.25% expense ratio.
Dividends
EUHI.DE vs. XHY1.DE - Dividend Comparison
EUHI.DE's dividend yield for the trailing twelve months is around 4.40%, more than XHY1.DE's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% | 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
EUHI.DE and XHY1.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHY1.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHY1.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for EUHI.DE.
EUHI.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3. They also come from different issuers: PIMCO and Xtrackers. Their fees differ too: 0.50% for EUHI.DE and 0.25% for XHY1.DE.
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