HIGH.L vs. XNKY.DE
HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both exchange-traded funds - HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XNKY.DE is a Japan Equities fund tracking the Nikkei 225®. Both are passively managed. Over the past 5 years, HIGH.L returned 2.71%/yr vs 12.43%/yr for XNKY.DE. At a 0.47 correlation, their price movements are largely independent. HIGH.L charges 0.50%/yr vs 0.09%/yr for XNKY.DE.
Performance
HIGH.L vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HIGH.L achieves a 1.03% return, which is significantly lower than XNKY.DE's 32.35% return.
HIGH.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.03%
- 6M
- 1.37%
- 1Y
- 3.20%
- 3Y*
- 6.34%
- 5Y*
- 2.71%
- 10Y*
- —
XNKY.DE
- 1D
- -1.43%
- 1M
- 10.63%
- YTD
- 32.35%
- 6M
- 30.33%
- 1Y
- 59.90%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
HIGH.L vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 1.03% | 4.81% | 5.78% | 11.51% | -9.32% | 2.82% | 5.24% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 32.35% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 13.56% |
Correlation
The correlation between HIGH.L and XNKY.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 | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.47 |
The correlation between HIGH.L and XNKY.DE has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.
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Return for Risk
HIGH.L vs. XNKY.DE — Risk / Return Rank
HIGH.L
XNKY.DE
HIGH.L vs. XNKY.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 (Acc) (HIGH.L) and Xtrackers Nikkei 225 UCITS ETF (XNKY.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.
| HIGH.L | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 4.59 | -3.48 |
| Martin ratioReturn relative to average drawdown | 4.65 | 13.91 | -9.26 |
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
| HIGH.L | XNKY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.53 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.66 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.74 | -0.37 |
Drawdowns
HIGH.L vs. XNKY.DE - Drawdown Comparison
The maximum HIGH.L drawdown since its inception was -25.42%, which is greater than XNKY.DE's maximum drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for HIGH.L and XNKY.DE.
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Drawdown Indicators
| HIGH.L | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -21.47% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -12.99% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -20.16% | +16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -21.15% | +6.51% |
Current DrawdownCurrent decline from peak | -0.14% | -1.43% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -7.84% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 4.29% | -3.60% |
Volatility
HIGH.L vs. XNKY.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 1.09%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 6.59%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than XNKY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIGH.L | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 6.59% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 18.61% | -15.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 23.59% | -20.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 18.57% | -13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 18.42% | -11.27% |
HIGH.L vs. XNKY.DE - Expense Ratio Comparison
HIGH.L has a 0.50% expense ratio, which is higher than XNKY.DE's 0.09% expense ratio.
Dividends
HIGH.L vs. XNKY.DE - Dividend Comparison
Neither HIGH.L nor XNKY.DE has paid dividends to shareholders.
Frequently Asked Questions
HIGH.L and XNKY.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, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for HIGH.L.
HIGH.L is categorized as European High Yield Bonds, while XNKY.DE is Japan Equities. HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR, while XNKY.DE tracks Nikkei 225®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for HIGH.L and 0.09% for XNKY.DE.
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