XHYA.DE vs. AHYE.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both European High Yield Bonds funds - XHYA.DE tracks the iBoxx® EUR Liquid High Yield while AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.78%/yr vs 1.77%/yr for AHYE.DE. A 0.76 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.40%/yr for AHYE.DE.
Performance
XHYA.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.11% return, which is significantly higher than AHYE.DE's 0.37% return.
XHYA.DE
- 1D
- -0.22%
- 1M
- 0.41%
- YTD
- 1.11%
- 6M
- 1.27%
- 1Y
- 3.39%
- 3Y*
- 6.38%
- 5Y*
- 2.78%
- 10Y*
- —
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%
XHYA.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.11% | 4.47% | 6.15% | 10.88% | -8.84% | 2.96% | 2.02% | 9.71% | -3.59% | 3.97% |
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% | 4.46% |
Correlation
The correlation between XHYA.DE and AHYE.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.76 |
The correlation between XHYA.DE and AHYE.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
XHYA.DE vs. AHYE.DE — Risk / Return Rank
XHYA.DE
AHYE.DE
XHYA.DE vs. AHYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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.
| XHYA.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.01 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.54 | 4.06 | +0.47 |
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
| XHYA.DE | AHYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.01 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.31 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Drawdowns
XHYA.DE vs. AHYE.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, roughly equal to the maximum AHYE.DE drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and AHYE.DE.
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Drawdown Indicators
| XHYA.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -23.41% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.22% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -3.22% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -16.89% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.41% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.32% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.86% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.80% | -0.09% |
Volatility
XHYA.DE vs. AHYE.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a higher volatility of 1.08% compared to Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) at 0.81%. This indicates that XHYA.DE's price experiences larger fluctuations and is considered to be riskier 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
| XHYA.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.81% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.76% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.22% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 5.57% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 6.73% | -0.06% |
XHYA.DE vs. AHYE.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is lower than AHYE.DE's 0.40% expense ratio.
Dividends
XHYA.DE vs. AHYE.DE - Dividend Comparison
Neither XHYA.DE nor AHYE.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and AHYE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for AHYE.DE.
XHYA.DE tracks iBoxx® EUR Liquid High Yield, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.20% for XHYA.DE and 0.40% for AHYE.DE.
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