XHYA.DE vs. EUNW.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both European High Yield Bonds funds tracking the iBoxx® EUR Liquid High Yield, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.78%/yr vs 2.68%/yr for EUNW.DE. Their correlation of 0.82 suggests significant overlap in exposure. XHYA.DE charges 0.20%/yr vs 0.50%/yr for EUNW.DE.
Performance
XHYA.DE vs. EUNW.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 EUNW.DE's 0.85% 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*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
XHYA.DE vs. EUNW.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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 3.88% |
Correlation
The correlation between XHYA.DE and EUNW.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.82 |
The correlation between XHYA.DE and EUNW.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
XHYA.DE vs. EUNW.DE — Risk / Return Rank
XHYA.DE
EUNW.DE
XHYA.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.12 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.54 | 4.73 | -0.19 |
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 | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.96 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.50 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.47 | -0.03 |
Drawdowns
XHYA.DE vs. EUNW.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and EUNW.DE.
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Drawdown Indicators
| XHYA.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -25.47% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -2.83% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -3.80% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -14.79% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.10% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.31% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.67% | +0.04% |
Volatility
XHYA.DE vs. EUNW.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a higher volatility of 1.08% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that XHYA.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.79% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.86% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.30% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 5.25% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 6.58% | +0.09% |
XHYA.DE vs. EUNW.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
XHYA.DE vs. EUNW.DE - Dividend Comparison
XHYA.DE has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYA.DE and EUNW.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 0.50% for EUNW.DE.
Both ETFs track iBoxx® EUR Liquid High Yield. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XHYA.DE and 0.50% for EUNW.DE.
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