XHYA.DE vs. FWIA.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, XHYA.DE returned 3.39% vs 26.39% for FWIA.DE. A 0.56 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.15%/yr for FWIA.DE.
Performance
XHYA.DE vs. FWIA.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 lower than FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XHYA.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.11% | 4.47% | 6.15% | 7.16% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between XHYA.DE and FWIA.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 (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.57 |
The correlation between XHYA.DE and FWIA.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
XHYA.DE vs. FWIA.DE — Risk / Return Rank
XHYA.DE
FWIA.DE
XHYA.DE vs. FWIA.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 Invesco FTSE All-World UCITS ETF Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 4.08 | -2.97 |
| Martin ratioReturn relative to average drawdown | 4.54 | 16.52 | -11.98 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.36 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.40 | -0.96 |
Drawdowns
XHYA.DE vs. FWIA.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and FWIA.DE.
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Drawdown Indicators
| XHYA.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -20.96% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -6.49% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.62% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.44% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.60% | -0.89% |
Volatility
XHYA.DE vs. FWIA.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 1.08%, while Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a volatility of 2.96%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 2.96% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 8.09% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 11.22% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 13.18% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 13.18% | -6.51% |
XHYA.DE vs. FWIA.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is higher than FWIA.DE's 0.15% 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. FWIA.DE - Dividend Comparison
Neither XHYA.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and FWIA.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, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for XHYA.DE.
XHYA.DE is categorized as European High Yield Bonds, while FWIA.DE is Global Equities. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while FWIA.DE tracks FTSE All-World. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XHYA.DE and 0.15% for FWIA.DE.
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