XEC1.DE vs. EHBA.DE
XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - XEC1.DE tracks the Bloomberg Euro Corporate Bond while EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. Both are passively managed. Over the past 3 years, XEC1.DE returned 4.85%/yr vs 8.32%/yr for EHBA.DE. At a 0.47 correlation, their price movements are largely independent. XEC1.DE charges 0.12%/yr vs 0.39%/yr for EHBA.DE.
Performance
XEC1.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEC1.DE achieves a 1.38% return, which is significantly lower than EHBA.DE's 1.67% return.
XEC1.DE
- 1D
- 0.00%
- 1M
- 0.88%
- 6M
- 1.52%
- YTD
- 1.38%
- 1Y
- 2.08%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
XEC1.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 1.38% | 3.01% | 4.27% | 7.53% | -13.41% | 17.99% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 9.40% | -14.85% | 0.29% |
Correlation
The correlation between XEC1.DE and EHBA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.47 |
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Return for Risk
XEC1.DE vs. EHBA.DE — Risk / Return Rank
XEC1.DE
EHBA.DE
XEC1.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) and Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.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.
| XEC1.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.02 | -0.24 |
| Martin ratioReturn relative to average drawdown | 2.63 | 3.64 | -1.01 |
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Drawdowns
XEC1.DE vs. EHBA.DE - Drawdown Comparison
The maximum XEC1.DE drawdown since its inception was -16.37%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for XEC1.DE and EHBA.DE.
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Drawdown Indicators
| XEC1.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -20.61% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.72% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -3.72% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -5.52% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.05% | -0.26% |
Volatility
XEC1.DE vs. EHBA.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) is 0.54%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.12%. This indicates that XEC1.DE experiences smaller price fluctuations and is considered to be less risky than EHBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEC1.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.12% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.66% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 4.16% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 5.03% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 4.83% | +4.84% |
XEC1.DE vs. EHBA.DE - Expense Ratio Comparison
XEC1.DE has a 0.12% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
XEC1.DE vs. EHBA.DE - Dividend Comparison
XEC1.DE's dividend yield for the trailing twelve months is around 2.68%, while EHBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.68% | 2.50% | 2.68% | 1.77% | 1.08% |
Frequently Asked Questions
XEC1.DE and EHBA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.39% for EHBA.DE.
XEC1.DE tracks Bloomberg Euro Corporate Bond, while EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XEC1.DE and 0.39% for EHBA.DE.
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