IBC2.DE vs. XUHY.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds - IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged) while XUHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IBC2.DE returned 1.62%/yr vs 4.53%/yr for XUHY.DE. At a 0.38 correlation, their price movements are largely independent. IBC2.DE charges 0.55%/yr vs 0.20%/yr for XUHY.DE.
Performance
IBC2.DE vs. XUHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.98% return, which is significantly lower than XUHY.DE's 5.11% return.
IBC2.DE
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 3.60%
- 3Y*
- 6.22%
- 5Y*
- 1.62%
- 10Y*
- —
XUHY.DE
- 1D
- 0.09%
- 1M
- 2.26%
- 6M
- 5.11%
- YTD
- 5.11%
- 1Y
- 9.44%
- 3Y*
- 6.87%
- 5Y*
- 4.53%
- 10Y*
- —
IBC2.DE vs. XUHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 10.03% | -3.66% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 5.11% | -2.75% | 12.70% | 9.43% | -6.44% | 12.44% | -3.26% | 18.71% | 5.55% |
Correlation
The correlation between IBC2.DE and XUHY.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.38 |
Over the past year, the correlation between IBC2.DE and XUHY.DE has dropped to 0.16 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
IBC2.DE vs. XUHY.DE — Risk / Return Rank
IBC2.DE
XUHY.DE
IBC2.DE vs. XUHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBC2.DE | XUHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.05 | -1.87 |
| Martin ratioReturn relative to average drawdown | 5.24 | 9.35 | -4.11 |
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Drawdowns
IBC2.DE vs. XUHY.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, roughly equal to the maximum XUHY.DE drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and XUHY.DE.
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Drawdown Indicators
| IBC2.DE | XUHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -22.06% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.08% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -12.04% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -12.04% | -3.67% |
Current DrawdownCurrent decline from peak | -0.00% | -1.03% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -5.40% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.01% | -0.32% |
Volatility
IBC2.DE vs. XUHY.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.91%, while Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) has a volatility of 1.47%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than XUHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC2.DE | XUHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.47% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 4.28% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 6.18% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 8.47% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 12.71% | -4.50% |
IBC2.DE vs. XUHY.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than XUHY.DE's 0.20% expense ratio.
Dividends
IBC2.DE vs. XUHY.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.19%, less than XUHY.DE's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.48% | 6.60% | 7.39% | 6.02% | 6.13% | 9.09% | 5.94% | 4.80% | 0.00% |
Frequently Asked Questions
IBC2.DE and XUHY.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for IBC2.DE.
IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while XUHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.55% for IBC2.DE and 0.20% for XUHY.DE.
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