EXSA.DE vs. HYGW
EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both exchange-traded funds - EXSA.DE is a Europe Equities fund tracking the STOXX® Europe 600, while HYGW is a High Yield Bonds fund tracking the Cboe HYG BuyWrite Index. Both are passively managed. Over the past 3 years, EXSA.DE returned 13.94%/yr vs 2.94%/yr for HYGW. At a 0.06 correlation, their price movements are largely independent. EXSA.DE charges 0.20%/yr vs 0.69%/yr for HYGW.
Performance
EXSA.DE vs. HYGW - Performance Comparison
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Different Trading Currencies
EXSA.DE is traded in EUR, while HYGW is traded in USD. To make them comparable, the HYGW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXSA.DE achieves a 7.58% return, which is significantly higher than HYGW's 3.46% return.
EXSA.DE
- 1D
- 0.61%
- 1M
- 0.91%
- YTD
- 7.58%
- 6M
- 10.05%
- 1Y
- 16.11%
- 3Y*
- 13.94%
- 5Y*
- 9.65%
- 10Y*
- 9.18%
HYGW
- 1D
- 0.38%
- 1M
- 2.08%
- YTD
- 3.46%
- 6M
- 3.08%
- 1Y
- 5.56%
- 3Y*
- 2.94%
- 5Y*
- —
- 10Y*
- —
EXSA.DE vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 7.58% | 20.49% | 8.50% | 15.46% | -0.97% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 3.46% | -6.41% | 14.05% | 4.09% | -7.22% |
Correlation
The correlation between EXSA.DE and HYGW is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.06 |
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Return for Risk
EXSA.DE vs. HYGW — Risk / Return Rank
EXSA.DE
HYGW
EXSA.DE vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.
| EXSA.DE | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.69 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.32 | 4.63 | +1.69 |
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
| EXSA.DE | HYGW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.91 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.22 | +0.16 |
Drawdowns
EXSA.DE vs. HYGW - Drawdown Comparison
The maximum EXSA.DE drawdown since its inception was -58.34%, which is greater than HYGW's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for EXSA.DE and HYGW.
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Drawdown Indicators
| EXSA.DE | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -11.79% | -46.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -3.31% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -11.79% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -4.53% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -4.45% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.20% | +1.37% |
Volatility
EXSA.DE vs. HYGW - Volatility Comparison
iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a higher volatility of 4.33% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 1.09%. This indicates that EXSA.DE's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSA.DE | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 1.09% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 4.08% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 6.17% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 7.69% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 7.69% | +8.09% |
EXSA.DE vs. HYGW - Expense Ratio Comparison
EXSA.DE has a 0.20% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Dividends
EXSA.DE vs. HYGW - Dividend Comparison
EXSA.DE's dividend yield for the trailing twelve months is around 2.36%, less than HYGW's 11.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.36% | 2.54% | 2.79% | 2.68% | 2.76% | 2.23% | 1.85% | 2.87% | 3.03% | 4.42% | 3.42% | 2.97% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 11.59% | 12.53% | 12.30% | 15.98% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXSA.DE and HYGW have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSA.DE is cheaper with a 0.20% expense ratio, compared with 0.69% for HYGW.
EXSA.DE is categorized as Europe Equities, while HYGW is High Yield Bonds. EXSA.DE tracks STOXX® Europe 600, while HYGW tracks Cboe HYG BuyWrite Index. Their fees differ too: 0.20% for EXSA.DE and 0.69% for HYGW.
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