PUIP.L vs. XYLD.L
PUIP.L (Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged) and XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) are both Corporate Bonds funds - PUIP.L tracks the Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged while XYLD.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, PUIP.L returned -0.67%/yr vs 1.87%/yr for XYLD.L. At a 0.12 correlation, their price movements are largely independent. PUIP.L charges 0.12%/yr vs 0.16%/yr for XYLD.L.
Performance
PUIP.L vs. XYLD.L - Performance Comparison
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Different Trading Currencies
PUIP.L is traded in GBp, while XYLD.L is traded in USD. To make them comparable, the XYLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PUIP.L achieves a -0.60% return, which is significantly lower than XYLD.L's 0.47% return.
PUIP.L
- 1D
- 0.01%
- 1M
- -1.05%
- 6M
- -0.71%
- YTD
- -0.60%
- 1Y
- 4.01%
- 3Y*
- 4.25%
- 5Y*
- -0.67%
- 10Y*
- —
XYLD.L
- 1D
- -0.93%
- 1M
- -0.93%
- 6M
- 0.21%
- YTD
- 0.47%
- 1Y
- 2.82%
- 3Y*
- 3.98%
- 5Y*
- 1.87%
- 10Y*
- —
PUIP.L vs. XYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | -0.60% | 7.40% | 1.97% | 6.75% | -16.40% | -1.56% | 7.62% | 0.89% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 0.47% | -1.36% | 6.72% | 0.43% | 2.18% | 1.29% | 7.10% | -2.00% |
Correlation
The correlation between PUIP.L and XYLD.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.12 |
The correlation between PUIP.L and XYLD.L shifts across timeframes, from -0.05 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PUIP.L vs. XYLD.L — Risk / Return Rank
PUIP.L
XYLD.L
PUIP.L vs. XYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.L) and Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L). 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.
| PUIP.L | XYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.56 | +0.71 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.57 | +2.24 |
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Drawdowns
PUIP.L vs. XYLD.L - Drawdown Comparison
The maximum PUIP.L drawdown since its inception was -22.48%, which is greater than XYLD.L's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for PUIP.L and XYLD.L.
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Drawdown Indicators
| PUIP.L | XYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -15.49% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -5.01% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.86% | -8.75% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.43% | -15.49% | -6.94% |
Current DrawdownCurrent decline from peak | -4.38% | -4.77% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -5.18% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.79% | -0.79% |
Volatility
PUIP.L vs. XYLD.L - Volatility Comparison
The current volatility for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.L) is 1.09%, while Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) has a volatility of 2.10%. This indicates that PUIP.L experiences smaller price fluctuations and is considered to be less risky than XYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUIP.L | XYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.10% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 4.94% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 6.36% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 8.23% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.99% | 9.30% | -1.31% |
PUIP.L vs. XYLD.L - Expense Ratio Comparison
PUIP.L has a 0.12% expense ratio, which is lower than XYLD.L's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PUIP.L vs. XYLD.L - Dividend Comparison
PUIP.L's dividend yield for the trailing twelve months is around 4.99%, more than XYLD.L's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | 4.99% | 4.72% | 4.73% | 4.00% | 2.99% | 2.31% | 2.85% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.76% | 3.61% | 3.34% | 2.88% | 6.03% | 3.88% | 3.78% |
Frequently Asked Questions
PUIP.L and XYLD.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIP.L is cheaper with a 0.12% expense ratio, compared with 0.16% for XYLD.L.
PUIP.L tracks Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged, while XYLD.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.12% for PUIP.L and 0.16% for XYLD.L.
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