IS3K.DE vs. XZHY.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) are both High Yield Bonds funds - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI. Both are passively managed. Over the past 3 years, IS3K.DE returned 4.06%/yr vs 5.47%/yr for XZHY.DE. Their correlation of 0.90 suggests significant overlap in exposure. IS3K.DE charges 0.45%/yr vs 0.25%/yr for XZHY.DE.
Performance
IS3K.DE vs. XZHY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IS3K.DE having a 2.62% return and XZHY.DE slightly lower at 2.61%.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
XZHY.DE
- 1D
- -0.10%
- 1M
- 1.04%
- YTD
- 2.61%
- 6M
- 1.91%
- 1Y
- 5.11%
- 3Y*
- 5.47%
- 5Y*
- —
- 10Y*
- —
IS3K.DE vs. XZHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | -3.54% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 2.61% | -3.17% | 13.38% | 8.40% | -5.92% |
Correlation
The correlation between IS3K.DE and XZHY.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.90 |
The correlation between IS3K.DE and XZHY.DE has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
IS3K.DE vs. XZHY.DE — Risk / Return Rank
IS3K.DE
XZHY.DE
IS3K.DE vs. XZHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IS3K.DE | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.59 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.43 | 4.98 | -1.55 |
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
| IS3K.DE | XZHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.85 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.47 | +0.09 |
Drawdowns
IS3K.DE vs. XZHY.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, 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 IS3K.DE and XZHY.DE.
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Drawdown Indicators
| IS3K.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -11.51% | -6.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.11% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -11.51% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -3.51% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.50% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.99% | +0.17% |
Volatility
IS3K.DE vs. XZHY.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a volatility of 1.29%. This indicates that IS3K.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
| IS3K.DE | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.29% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 3.85% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.83% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.58% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 7.58% | +0.27% |
IS3K.DE vs. XZHY.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than XZHY.DE's 0.25% expense ratio.
Dividends
IS3K.DE vs. XZHY.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, while XZHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3K.DE and XZHY.DE have a correlation of 0.89, 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 0.45% for IS3K.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, 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: 0.45% for IS3K.DE and 0.25% for XZHY.DE.
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