LQDH vs. XHYA.DE
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - LQDH is a Corporate Bonds fund actively managed by iShares, while XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. LQDH is actively managed, while XHYA.DE is passively managed. Over the past 5 years, LQDH returned 5.25%/yr vs 1.56%/yr for XHYA.DE. At a 0.30 correlation, their price movements are largely independent. LQDH charges 0.25%/yr vs 0.20%/yr for XHYA.DE.
Performance
LQDH vs. XHYA.DE - Performance Comparison
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Different Trading Currencies
LQDH is traded in USD, while XHYA.DE is traded in EUR. To make them comparable, the XHYA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDH achieves a 2.17% return, which is significantly higher than XHYA.DE's -0.94% return.
LQDH
- 1D
- -0.02%
- 1M
- 0.58%
- YTD
- 2.17%
- 6M
- 2.64%
- 1Y
- 7.27%
- 3Y*
- 8.07%
- 5Y*
- 5.25%
- 10Y*
- 4.63%
XHYA.DE
- 1D
- 0.00%
- 1M
- -1.91%
- YTD
- -0.94%
- 6M
- 0.38%
- 1Y
- 4.28%
- 3Y*
- 8.59%
- 5Y*
- 1.56%
- 10Y*
- —
LQDH vs. XHYA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.17% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 5.72% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | -0.94% | 17.91% | 0.08% | 14.38% | -13.86% | -5.14% | 11.98% | 7.39% | -8.17% | 16.33% |
Correlation
The correlation between LQDH and XHYA.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.30 |
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Return for Risk
LQDH vs. XHYA.DE — Risk / Return Rank
LQDH
XHYA.DE
LQDH vs. XHYA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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.
| LQDH | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.09 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.55 | +2.57 |
| Martin ratioReturn relative to average drawdown | 13.21 | 1.59 | +11.62 |
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
| LQDH | XHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 0.52 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.15 | +1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.35 | +0.23 |
Drawdowns
LQDH vs. XHYA.DE - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum XHYA.DE drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for LQDH and XHYA.DE.
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Drawdown Indicators
| LQDH | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -31.56% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -7.49% | +5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -7.53% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -31.53% | +24.45% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -4.07% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -7.91% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.58% | -2.03% |
Volatility
LQDH vs. XHYA.DE - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.47%, while Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a volatility of 1.87%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than XHYA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 1.87% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 6.07% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 7.85% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 10.52% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 10.55% | -4.11% |
LQDH vs. XHYA.DE - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than XHYA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LQDH vs. XHYA.DE - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.96%, while XHYA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.96% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 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
LQDH and XHYA.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for LQDH.
LQDH is categorized as Corporate Bonds, while XHYA.DE is European High Yield Bonds. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for LQDH and 0.20% for XHYA.DE.
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