IBC2.DE vs. XZHY.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) are both High Yield Bonds funds - IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged) while XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI. Both are passively managed. Over the past 3 years, IBC2.DE returned 6.22%/yr vs 6.65%/yr for XZHY.DE. At a 0.24 correlation, their price movements are largely independent. IBC2.DE charges 0.55%/yr vs 0.25%/yr for XZHY.DE.
Performance
IBC2.DE vs. XZHY.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 XZHY.DE's 4.88% 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*
- —
XZHY.DE
- 1D
- 0.00%
- 1M
- 2.11%
- 6M
- 4.68%
- YTD
- 4.88%
- 1Y
- 8.78%
- 3Y*
- 6.65%
- 5Y*
- —
- 10Y*
- —
IBC2.DE vs. XZHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -0.23% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.88% | -3.17% | 13.38% | 8.40% | -5.88% |
Correlation
The correlation between IBC2.DE and XZHY.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.24 |
The correlation between IBC2.DE and XZHY.DE shifts across timeframes, from 0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC2.DE vs. XZHY.DE — Risk / Return Rank
IBC2.DE
XZHY.DE
IBC2.DE vs. XZHY.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 ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.84 | -1.65 |
| Martin ratioReturn relative to average drawdown | 5.24 | 9.44 | -4.20 |
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Drawdowns
IBC2.DE vs. XZHY.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, which is greater than XZHY.DE's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and XZHY.DE.
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Drawdown Indicators
| IBC2.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -11.51% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.11% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -11.51% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -1.38% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -4.45% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.93% | -0.24% |
Volatility
IBC2.DE vs. XZHY.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.91%, while Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a volatility of 1.42%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.42% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.85% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 5.90% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 7.55% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 7.55% | +0.66% |
IBC2.DE vs. XZHY.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than XZHY.DE's 0.25% expense ratio.
Dividends
IBC2.DE vs. XZHY.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.19%, while XZHY.DE has not paid dividends to shareholders.
| 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% |
XZHY.DE Xtrackers ESG USD 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% |
Frequently Asked Questions
IBC2.DE and XZHY.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for IBC2.DE.
IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.55% for IBC2.DE and 0.25% for XZHY.DE.
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