SWDA.L vs. XHYA.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, SWDA.L returned 12.61%/yr vs 2.79%/yr for XHYA.DE. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SWDA.L vs. XHYA.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while XHYA.DE is traded in EUR. To make them comparable, the XHYA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWDA.L achieves a 8.84% return, which is significantly higher than XHYA.DE's 0.08% return.
SWDA.L
- 1D
- 1.55%
- 1M
- 1.62%
- YTD
- 8.84%
- 6M
- 9.32%
- 1Y
- 24.97%
- 3Y*
- 17.08%
- 5Y*
- 12.61%
- 10Y*
- 13.92%
XHYA.DE
- 1D
- 0.10%
- 1M
- 0.19%
- YTD
- 0.08%
- 6M
- -0.20%
- 1Y
- 4.75%
- 3Y*
- 6.43%
- 5Y*
- 2.79%
- 10Y*
- —
SWDA.L vs. XHYA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.84% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 5.19% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 0.08% | 9.88% | 1.53% | 8.66% | -3.85% | -4.28% | 7.77% | 4.00% | -2.28% | 5.80% |
Correlation
The correlation between SWDA.L and XHYA.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.46 |
The correlation between SWDA.L and XHYA.DE shifts across timeframes, from 0.35 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWDA.L vs. XHYA.DE — Risk / Return Rank
SWDA.L
XHYA.DE
SWDA.L vs. XHYA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) 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.
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.
| SWDA.L | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.16 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 1.28 | +2.52 |
| Martin ratioReturn relative to average drawdown | 14.90 | 3.97 | +10.93 |
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Drawdowns
SWDA.L vs. XHYA.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than XHYA.DE's maximum drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for SWDA.L and XHYA.DE.
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Drawdown Indicators
| SWDA.L | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -20.02% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -3.71% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -3.71% | -14.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -15.03% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.02% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -4.35% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.19% | +0.48% |
Volatility
SWDA.L vs. XHYA.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 3.28% compared to Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) at 1.29%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier 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
| SWDA.L | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 1.29% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 4.14% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 5.19% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 7.17% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 8.04% | +6.54% |
SWDA.L vs. XHYA.DE - Expense Ratio Comparison
Both SWDA.L and XHYA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWDA.L vs. XHYA.DE - Dividend Comparison
Neither SWDA.L nor XHYA.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and XHYA.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L and XHYA.DE have the same expense ratio: 0.20% per year.
SWDA.L is categorized as Global Equities, while XHYA.DE is European High Yield Bonds. SWDA.L tracks MSCI World Index, while XHYA.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: iShares and Xtrackers.
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