XDWF.DE vs. AYE2.DE
XDWF.DE (Xtrackers MSCI World Financials UCITS ETF 1C) and AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) are both exchange-traded funds - XDWF.DE is a Financials Equities fund tracking the MSCI World Financials, while AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. Both are passively managed. Over the past 5 years, XDWF.DE returned 13.68%/yr vs 2.33%/yr for AYE2.DE. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
XDWF.DE vs. AYE2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDWF.DE achieves a 3.62% return, which is significantly higher than AYE2.DE's 0.86% return.
XDWF.DE
- 1D
- 2.37%
- 1M
- 5.45%
- YTD
- 3.62%
- 6M
- 6.03%
- 1Y
- 16.86%
- 3Y*
- 21.28%
- 5Y*
- 13.68%
- 10Y*
- 12.65%
AYE2.DE
- 1D
- 0.68%
- 1M
- 0.68%
- YTD
- 0.86%
- 6M
- 1.55%
- 1Y
- 3.88%
- 3Y*
- 6.76%
- 5Y*
- 2.33%
- 10Y*
- —
XDWF.DE vs. AYE2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C | 3.62% | 15.37% | 34.09% | 12.42% | -4.89% | 17.20% |
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.86% | 5.80% | 6.36% | 10.90% | -10.69% | 0.96% |
Correlation
The correlation between XDWF.DE and AYE2.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.48 |
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Return for Risk
XDWF.DE vs. AYE2.DE — Risk / Return Rank
XDWF.DE
AYE2.DE
XDWF.DE vs. AYE2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) and iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.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.
| XDWF.DE | AYE2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.04 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.04 | 4.24 | +0.80 |
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Drawdowns
XDWF.DE vs. AYE2.DE - Drawdown Comparison
The maximum XDWF.DE drawdown since its inception was -50.63%, which is greater than AYE2.DE's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for XDWF.DE and AYE2.DE.
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Drawdown Indicators
| XDWF.DE | AYE2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.63% | -16.48% | -34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -3.73% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -3.73% | -16.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -16.48% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -3.93% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 0.91% | +2.43% |
Volatility
XDWF.DE vs. AYE2.DE - Volatility Comparison
Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) has a higher volatility of 3.76% compared to iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) at 1.44%. This indicates that XDWF.DE's price experiences larger fluctuations and is considered to be riskier than AYE2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWF.DE | AYE2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 1.44% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 4.52% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 5.67% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 5.78% | +10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 5.69% | +13.71% |
XDWF.DE vs. AYE2.DE - Expense Ratio Comparison
Both XDWF.DE and AYE2.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XDWF.DE vs. AYE2.DE - Dividend Comparison
Neither XDWF.DE nor AYE2.DE has paid dividends to shareholders.
Frequently Asked Questions
XDWF.DE and AYE2.DE have a correlation of 0.43, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDWF.DE and AYE2.DE have the same expense ratio: 0.25% per year.
XDWF.DE is categorized as Financials Equities, while AYE2.DE is European High Yield Bonds. XDWF.DE tracks MSCI World Financials, while AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. They also come from different issuers: Xtrackers and iShares.
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