UDHY.DE vs. XUHY.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds - UDHY.DE tracks the ICE BofAML US High Yield Constrained while XUHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, UDHY.DE returned 3.98%/yr vs 5.97%/yr for XUHY.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
UDHY.DE vs. XUHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than XUHY.DE's 2.88% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
XUHY.DE
- 1D
- 0.08%
- 1M
- 1.22%
- YTD
- 2.88%
- 6M
- 2.54%
- 1Y
- 6.21%
- 3Y*
- 5.97%
- 5Y*
- 4.92%
- 10Y*
- —
UDHY.DE vs. XUHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.88% | -2.73% | 12.71% | 9.45% | -3.72% |
Correlation
The correlation between UDHY.DE and XUHY.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.85 |
The correlation between UDHY.DE and XUHY.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
UDHY.DE vs. XUHY.DE — Risk / Return Rank
UDHY.DE
XUHY.DE
UDHY.DE vs. XUHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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.
| UDHY.DE | XUHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.97 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.19 | 5.40 | -5.21 |
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
| UDHY.DE | XUHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.97 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.55 | -0.21 |
Drawdowns
UDHY.DE vs. XUHY.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum XUHY.DE drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and XUHY.DE.
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Drawdown Indicators
| UDHY.DE | XUHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -22.05% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -3.03% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -12.03% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.03% | — |
Current DrawdownCurrent decline from peak | -7.76% | -3.13% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -3.86% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.11% | +1.56% |
Volatility
UDHY.DE vs. XUHY.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 0.99%, while Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) has a volatility of 1.13%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than XUHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDHY.DE | XUHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.13% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 4.08% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 6.13% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 8.51% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 11.39% | -3.35% |
UDHY.DE vs. XUHY.DE - Expense Ratio Comparison
Both UDHY.DE and XUHY.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
UDHY.DE vs. XUHY.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, less than XUHY.DE's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% | 0.00% | 0.00% | 0.00% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.62% | 6.60% | 7.39% | 6.02% | 6.14% | 9.11% | 5.94% | 4.81% |
Frequently Asked Questions
UDHY.DE and XUHY.DE have a correlation of 0.84, 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.
UDHY.DE and XUHY.DE have the same expense ratio: 0.20% per year.
UDHY.DE tracks ICE BofAML US High Yield Constrained, while XUHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Xtrackers.
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