XBLC.L vs. HYGU.L
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)) are both exchange-traded funds - XBLC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while HYGU.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index (EUR). Both are passively managed. Over the past 5 years, XBLC.L returned -0.11%/yr vs 5.22%/yr for HYGU.L. At a 0.24 correlation, their price movements are largely independent. XBLC.L charges 0.12%/yr vs 0.55%/yr for HYGU.L.
Performance
XBLC.L vs. HYGU.L - Performance Comparison
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Different Trading Currencies
XBLC.L is traded in EUR, while HYGU.L is traded in USD. To make them comparable, the HYGU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XBLC.L achieves a 0.42% return, which is significantly lower than HYGU.L's 4.81% return.
XBLC.L
- 1D
- -0.02%
- 1M
- -0.55%
- 6M
- 0.03%
- YTD
- 0.42%
- 1Y
- 1.29%
- 3Y*
- 4.22%
- 5Y*
- -0.11%
- 10Y*
- —
HYGU.L
- 1D
- -0.10%
- 1M
- 0.69%
- 6M
- 3.50%
- YTD
- 4.81%
- 1Y
- 6.54%
- 3Y*
- 7.35%
- 5Y*
- 5.22%
- 10Y*
- —
XBLC.L vs. HYGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.42% | 2.95% | 4.36% | 7.50% | -13.29% | -1.05% | 2.52% | 6.28% | -1.53% | 0.03% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 4.81% | -5.49% | 14.37% | 10.15% | -1.38% | 11.48% | -6.26% | 15.37% | 3.80% | -1.26% |
Correlation
The correlation between XBLC.L and HYGU.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.24 |
The correlation between XBLC.L and HYGU.L shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBLC.L vs. HYGU.L — Risk / Return Rank
XBLC.L
HYGU.L
XBLC.L vs. HYGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.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.
| XBLC.L | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.95 | -1.47 |
| Martin ratioReturn relative to average drawdown | 1.62 | 5.05 | -3.43 |
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Drawdowns
XBLC.L vs. HYGU.L - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, smaller than the maximum HYGU.L drawdown of -25.92%. Use the drawdown chart below to compare losses from any high point for XBLC.L and HYGU.L.
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Drawdown Indicators
| XBLC.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -25.92% | +8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.35% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -11.30% | +8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -11.30% | -5.88% |
Current DrawdownCurrent decline from peak | -1.18% | -2.54% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.94% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.29% | -0.50% |
Volatility
XBLC.L vs. HYGU.L - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) is 0.77%, while iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L) has a volatility of 1.24%. This indicates that XBLC.L experiences smaller price fluctuations and is considered to be less risky than HYGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBLC.L | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.24% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.51% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 6.43% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 7.99% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 9.31% | -4.63% |
XBLC.L vs. HYGU.L - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
XBLC.L vs. HYGU.L - Dividend Comparison
Neither XBLC.L nor HYGU.L has paid dividends to shareholders.
Frequently Asked Questions
XBLC.L and HYGU.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.55% for HYGU.L.
XBLC.L is categorized as European Corporate Bonds, while HYGU.L is European High Yield Bonds. XBLC.L tracks Bloomberg Euro Corp TR EUR, while HYGU.L tracks Markit iBoxx Euro Liquid High Yield Index (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.55% for HYGU.L.
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