XHYA.DE vs. CEMU.AS
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.70%/yr vs 10.62%/yr for CEMU.AS. A 0.67 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.12%/yr for CEMU.AS.
Performance
XHYA.DE vs. CEMU.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.14% return, which is significantly lower than CEMU.AS's 8.68% return.
XHYA.DE
- 1D
- 0.22%
- 1M
- 0.47%
- YTD
- 1.14%
- 6M
- 1.52%
- 1Y
- 3.26%
- 3Y*
- 6.15%
- 5Y*
- 2.70%
- 10Y*
- —
CEMU.AS
- 1D
- 0.60%
- 1M
- 3.80%
- YTD
- 8.68%
- 6M
- 10.52%
- 1Y
- 17.45%
- 3Y*
- 16.12%
- 5Y*
- 10.62%
- 10Y*
- 10.03%
XHYA.DE vs. CEMU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.14% | 4.45% | 6.15% | 10.88% | -8.84% | 2.99% | 2.01% | 9.70% | -3.64% | 4.00% |
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.68% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | -0.54% | 25.09% | -11.82% | 8.42% |
Correlation
The correlation between XHYA.DE and CEMU.AS is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.67 |
The correlation between XHYA.DE and CEMU.AS has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XHYA.DE vs. CEMU.AS — Risk / Return Rank
XHYA.DE
CEMU.AS
XHYA.DE vs. CEMU.AS - 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 iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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 | CEMU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.74 | -0.59 |
| Martin ratioReturn relative to average drawdown | 4.71 | 6.36 | -1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XHYA.DE | CEMU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.23 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.65 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.50 | -0.05 |
Drawdowns
XHYA.DE vs. CEMU.AS - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.83%, smaller than the maximum CEMU.AS drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and CEMU.AS.
Loading charts...
Drawdown Indicators
| XHYA.DE | CEMU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.83% | -38.38% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -10.17% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -15.40% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.49% | -24.51% | +10.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.38% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.56% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -6.24% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.79% | -2.09% |
Volatility
XHYA.DE vs. CEMU.AS - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 1.09%, while iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a volatility of 4.60%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than CEMU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHYA.DE | CEMU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 4.60% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 11.95% | -8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 14.49% | -10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 16.16% | -10.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 17.08% | -10.53% |
XHYA.DE vs. CEMU.AS - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is higher than CEMU.AS's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XHYA.DE vs. CEMU.AS - Dividend Comparison
Neither XHYA.DE nor CEMU.AS has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and CEMU.AS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.20% for XHYA.DE.
XHYA.DE is categorized as European High Yield Bonds, while CEMU.AS is Europe Equities. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while CEMU.AS tracks MSCI EMU NR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XHYA.DE and 0.12% for CEMU.AS.
Find the right allocation for XHYA.DE and CEMU.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer