EUNW.DE vs. XZHE.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while XZHE.DE tracks the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 3 years, EUNW.DE returned 6.32%/yr vs 6.40%/yr for XZHE.DE. Their correlation of 0.85 suggests significant overlap in exposure. EUNW.DE charges 0.50%/yr vs 0.25%/yr for XZHE.DE.
Performance
EUNW.DE vs. XZHE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly higher than XZHE.DE's 0.54% return.
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
EUNW.DE vs. XZHE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | 4.09% |
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.54% | 5.48% | 5.98% | 9.94% | 2.99% |
Correlation
The correlation between EUNW.DE and XZHE.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.85 |
The correlation between EUNW.DE and XZHE.DE shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. XZHE.DE — Risk / Return Rank
EUNW.DE
XZHE.DE
EUNW.DE vs. XZHE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.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.
| EUNW.DE | XZHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.92 | +0.20 |
| Martin ratioReturn relative to average drawdown | 4.73 | 3.44 | +1.28 |
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
| EUNW.DE | XZHE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.81 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.12 | -0.65 |
Drawdowns
EUNW.DE vs. XZHE.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than XZHE.DE's maximum drawdown of -7.83%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and XZHE.DE.
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Drawdown Indicators
| EUNW.DE | XZHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -7.83% | -17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.94% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -3.99% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.55% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -0.99% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.05% | -0.38% |
Volatility
EUNW.DE vs. XZHE.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) has a volatility of 1.07%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than XZHE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | XZHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.07% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.04% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 4.48% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 5.65% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 5.65% | +0.93% |
EUNW.DE vs. XZHE.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than XZHE.DE's 0.25% expense ratio.
Dividends
EUNW.DE vs. XZHE.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while XZHE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and XZHE.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while XZHE.DE tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: iShares and DWS. Their fees differ too: 0.50% for EUNW.DE and 0.25% for XZHE.DE.
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