QDVQ.DE vs. XUHE.DE
QDVQ.DE (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) and XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped while XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). Both are passively managed. Over the past 3 years, QDVQ.DE returned 6.63%/yr vs 6.21%/yr for XUHE.DE. At a 0.21 correlation, their price movements are largely independent. QDVQ.DE charges 0.50%/yr vs 0.25%/yr for XUHE.DE.
Performance
QDVQ.DE vs. XUHE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVQ.DE achieves a 3.93% return, which is significantly higher than XUHE.DE's 1.03% return.
QDVQ.DE
- 1D
- 0.43%
- 1M
- 0.93%
- 6M
- 2.40%
- YTD
- 3.93%
- 1Y
- 7.15%
- 3Y*
- 6.63%
- 5Y*
- 3.08%
- 10Y*
- 5.27%
XUHE.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.79%
- YTD
- 1.03%
- 1Y
- 4.32%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
QDVQ.DE vs. XUHE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 3.93% | 0.03% | 8.76% | 8.81% | -8.88% | 2.42% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.03% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
Correlation
The correlation between QDVQ.DE and XUHE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.21 |
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Return for Risk
QDVQ.DE vs. XUHE.DE — Risk / Return Rank
QDVQ.DE
XUHE.DE
QDVQ.DE vs. XUHE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) and Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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.
| QDVQ.DE | XUHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.43 | +1.10 |
| Martin ratioReturn relative to average drawdown | 8.74 | 6.70 | +2.04 |
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Drawdowns
QDVQ.DE vs. XUHE.DE - Drawdown Comparison
The maximum QDVQ.DE drawdown since its inception was -22.96%, which is greater than XUHE.DE's maximum drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for QDVQ.DE and XUHE.DE.
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Drawdown Indicators
| QDVQ.DE | XUHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -17.56% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.00% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -5.20% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.30% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -5.45% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.64% | +0.18% |
Volatility
QDVQ.DE vs. XUHE.DE - Volatility Comparison
iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) has a higher volatility of 1.67% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) at 1.05%. This indicates that QDVQ.DE's price experiences larger fluctuations and is considered to be riskier than XUHE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVQ.DE | XUHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.05% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.48% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 4.13% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 7.41% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 7.41% | +0.99% |
QDVQ.DE vs. XUHE.DE - Expense Ratio Comparison
QDVQ.DE has a 0.50% expense ratio, which is higher than XUHE.DE's 0.25% expense ratio.
Dividends
QDVQ.DE vs. XUHE.DE - Dividend Comparison
QDVQ.DE's dividend yield for the trailing twelve months is around 5.62%, while XUHE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 5.62% | 5.73% | 5.78% | 5.25% | 4.46% | 3.82% | 4.44% | 4.56% | 4.97% | 4.65% | 2.13% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 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
QDVQ.DE and XUHE.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for QDVQ.DE.
QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped, while XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for QDVQ.DE and 0.25% for XUHE.DE.
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