XDEP.DE vs. BHMG.L
XDEP.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) is European Corporate Bonds fund tracking the iBoxx® EUR Corporates Yield Plus, while BHMG.L (BH Macro Limited) is a stock. Over the past 5 years, XDEP.DE returned 0.29%/yr vs 5.16%/yr for BHMG.L. At a 0.06 correlation, their price movements are largely independent.
Performance
XDEP.DE vs. BHMG.L - Performance Comparison
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Different Trading Currencies
XDEP.DE is traded in EUR, while BHMG.L is traded in GBp. To make them comparable, the BHMG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEP.DE achieves a 0.60% return, which is significantly lower than BHMG.L's 10.00% return.
XDEP.DE
- 1D
- 0.09%
- 1M
- 0.22%
- YTD
- 0.60%
- 6M
- 0.55%
- 1Y
- 2.53%
- 3Y*
- 5.50%
- 5Y*
- 0.29%
- 10Y*
- —
BHMG.L
- 1D
- 0.49%
- 1M
- 1.32%
- YTD
- 10.00%
- 6M
- 9.71%
- 1Y
- 6.04%
- 3Y*
- 2.59%
- 5Y*
- 5.16%
- 10Y*
- 7.41%
XDEP.DE vs. BHMG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 0.60% | 3.58% | 5.25% | 9.38% | -15.31% | -0.31% | 2.90% | 8.79% | -2.58% | 3.64% |
BHMG.L BH Macro Limited | 10.01% | -6.85% | 15.96% | -16.53% | 13.86% | 13.16% | 27.54% | 17.38% | 16.79% | -9.97% |
Correlation
The correlation between XDEP.DE and BHMG.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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.06 |
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Return for Risk
XDEP.DE vs. BHMG.L — Risk / Return Rank
XDEP.DE
BHMG.L
XDEP.DE vs. BHMG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) and BH Macro Limited (BHMG.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.
| XDEP.DE | BHMG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.74 | -0.04 |
| Martin ratioReturn relative to average drawdown | 2.39 | 1.62 | +0.77 |
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
| XDEP.DE | BHMG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.52 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.27 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.35 | -0.05 |
Drawdowns
XDEP.DE vs. BHMG.L - Drawdown Comparison
The maximum XDEP.DE drawdown since its inception was -19.79%, smaller than the maximum BHMG.L drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for XDEP.DE and BHMG.L.
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Drawdown Indicators
| XDEP.DE | BHMG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -40.47% | +20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -8.15% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -18.80% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -33.32% | +13.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.32% | — |
Current DrawdownCurrent decline from peak | -0.90% | -12.33% | +11.43% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -11.87% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.73% | -2.78% |
Volatility
XDEP.DE vs. BHMG.L - Volatility Comparison
The current volatility for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) is 1.21%, while BH Macro Limited (BHMG.L) has a volatility of 3.22%. This indicates that XDEP.DE experiences smaller price fluctuations and is considered to be less risky than BHMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEP.DE | BHMG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 3.22% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 8.72% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 11.66% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 18.98% | -14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 17.96% | -12.68% |
Dividends
XDEP.DE vs. BHMG.L - Dividend Comparison
XDEP.DE's dividend yield for the trailing twelve months is around 2.88%, while BHMG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 2.88% | 2.73% | 2.26% | 1.68% | 2.51% | 1.53% | 1.85% | 1.40% | 0.72% |
Frequently Asked Questions
XDEP.DE and BHMG.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.
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