XHY1.DE vs. AYE2.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) and iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE).

XHY1.DE and AYE2.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHY1.DE is a passively managed fund by Xtrackers that tracks the performance of the iBoxx® EUR Liquid High Yield 1-3. It was launched on Jan 8, 2015. AYE2.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. It was launched on Nov 12, 2019. Both XHY1.DE and AYE2.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XHY1.DE vs. AYE2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) and iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE). The values are adjusted to include any dividend payments, if applicable.

XHY1.DE vs. AYE2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF	-0.35%	4.80%	5.09%	6.88%	-3.97%	0.92%
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc	-1.14%	5.88%	6.36%	10.77%	-10.72%	0.80%

Returns By Period

In the year-to-date period, XHY1.DE achieves a -0.35% return, which is significantly higher than AYE2.DE's -1.14% return.

XHY1.DE

• 1D: -0.15%
• 1M: -0.05%
• YTD: -0.35%
• 6M: 0.65%
• 1Y: 3.92%
• 3Y*: 4.85%
• 5Y*: 2.60%
• 10Y*: 2.63%

AYE2.DE

• 1D: -0.03%
• 1M: -1.04%
• YTD: -1.14%
• 6M: -0.29%
• 1Y: 4.18%
• 3Y*: 6.49%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHY1.DE vs. AYE2.DE - Expense Ratio Comparison

Both XHY1.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%.

XHY1.DE

Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF

AYE2.DE

iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc

Return for Risk

XHY1.DE vs. AYE2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHY1.DE

XHY1.DE Risk / Return Rank: 76
XHY1.DE Sharpe Ratio Rank: 65
XHY1.DE Sortino Ratio Rank: 71
XHY1.DE Omega Ratio Rank: 67
XHY1.DE Calmar Ratio Rank: 84
XHY1.DE Martin Ratio Rank: 91

AYE2.DE

AYE2.DE Risk / Return Rank: 57
AYE2.DE Sharpe Ratio Rank: 58
AYE2.DE Sortino Ratio Rank: 58
AYE2.DE Omega Ratio Rank: 57
AYE2.DE Calmar Ratio Rank: 50
AYE2.DE Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHY1.DE vs. AYE2.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 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.

	XHY1.DE	AYE2.DE	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.10	+0.11
Sortino ratio Return per unit of downside risk	1.89	1.58	+0.32
Omega ratio Gain probability vs. loss probability	1.26	1.22	+0.03
Calmar ratio Return relative to maximum drawdown	3.03	1.54	+1.48
Martin ratio Return relative to average drawdown	13.87	7.19	+6.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHY1.DE vs. AYE2.DE - Sharpe Ratio Comparison

The current XHY1.DE Sharpe Ratio is 1.21, which is comparable to the AYE2.DE Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of XHY1.DE and AYE2.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHY1.DE	AYE2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.10	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.39	-0.09

Correlation

The correlation between XHY1.DE and AYE2.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHY1.DE vs. AYE2.DE - Dividend Comparison

XHY1.DE's dividend yield for the trailing twelve months is around 4.06%, while AYE2.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF	4.06%	3.93%	5.53%	6.87%	4.97%	5.12%	2.95%	1.78%	1.35%	3.10%	3.14%
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XHY1.DE vs. AYE2.DE - Drawdown Comparison

The maximum XHY1.DE drawdown since its inception was -25.91%, 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 XHY1.DE and AYE2.DE.

Drawdown Indicators

	XHY1.DE	AYE2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.91%	-16.48%	-9.43%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-3.10%	+1.48%
Max Drawdown (5Y) Largest decline over 5 years	-8.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.91%	—	—
Current Drawdown Current decline from peak	-0.62%	-1.90%	+1.28%
Average Drawdown Average peak-to-trough decline	-1.57%	-4.07%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.67%	-0.36%

Volatility

XHY1.DE vs. AYE2.DE - Volatility Comparison

The current volatility for Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) is 1.43%, while iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) has a volatility of 2.09%. This indicates that XHY1.DE experiences smaller price fluctuations and is considered to be less risky than AYE2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHY1.DE	AYE2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	2.09%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	2.04%	2.63%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	3.79%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	5.27%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.54%	5.27%	+2.27%