XHY1.DE vs. AHYE.DE
XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both European High Yield Bonds funds - XHY1.DE tracks the iBoxx® EUR Liquid High Yield 1-3 while AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 10 years, XHY1.DE returned 2.58%/yr vs 2.89%/yr for AHYE.DE. A 0.56 correlation means they provide meaningful diversification when combined. XHY1.DE charges 0.25%/yr vs 0.40%/yr for AHYE.DE.
Performance
XHY1.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHY1.DE achieves a 0.57% return, which is significantly higher than AHYE.DE's 0.37% return. Over the past 10 years, XHY1.DE has underperformed AHYE.DE with an annualized return of 2.58%, while AHYE.DE has yielded a comparatively higher 2.89% annualized return.
XHY1.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.57%
- 6M
- 0.97%
- 1Y
- 3.27%
- 3Y*
- 5.12%
- 5Y*
- 2.77%
- 10Y*
- 2.58%
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
XHY1.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -3.97% | 2.51% | 1.30% | 5.63% | -2.54% | 3.45% |
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | 0.94% | 1.40% | 10.27% | -2.45% | 5.05% |
Correlation
The correlation between XHY1.DE and AHYE.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2015 | 0.56 |
The correlation between XHY1.DE and AHYE.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
XHY1.DE vs. AHYE.DE — Risk / Return Rank
XHY1.DE
AHYE.DE
XHY1.DE vs. AHYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.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.
| XHY1.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.01 | +1.25 |
| Martin ratioReturn relative to average drawdown | 10.14 | 4.06 | +6.08 |
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
| XHY1.DE | AHYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.01 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.31 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.43 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.39 | -0.08 |
Drawdowns
XHY1.DE vs. AHYE.DE - Drawdown Comparison
The maximum XHY1.DE drawdown since its inception was -25.91%, which is greater than AHYE.DE's maximum drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for XHY1.DE and AHYE.DE.
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Drawdown Indicators
| XHY1.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -23.41% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -3.22% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -3.22% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -16.89% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -25.91% | -23.41% | -2.50% |
Current DrawdownCurrent decline from peak | -0.12% | -0.32% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -2.86% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.80% | -0.48% |
Volatility
XHY1.DE vs. AHYE.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) is 0.63%, while Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) has a volatility of 0.81%. This indicates that XHY1.DE experiences smaller price fluctuations and is considered to be less risky than AHYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHY1.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.81% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.76% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 3.22% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 5.57% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 6.73% | +0.81% |
XHY1.DE vs. AHYE.DE - Expense Ratio Comparison
XHY1.DE has a 0.25% expense ratio, which is lower than AHYE.DE's 0.40% expense ratio.
Dividends
XHY1.DE vs. AHYE.DE - Dividend Comparison
XHY1.DE's dividend yield for the trailing twelve months is around 4.02%, while AHYE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 4.02% | 3.93% | 5.53% | 6.87% | 4.97% | 5.12% | 2.95% | 1.78% | 1.35% | 3.10% | 3.14% |
Frequently Asked Questions
XHY1.DE and AHYE.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHY1.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHY1.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for AHYE.DE.
XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XHY1.DE and 0.40% for AHYE.DE.
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