XHYA.DE vs. VWCE.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.70%/yr vs 11.93%/yr for VWCE.DE. A 0.60 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.19%/yr for VWCE.DE.
Performance
XHYA.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.14% return, which is significantly lower than VWCE.DE's 11.26% 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*
- —
VWCE.DE
- 1D
- 0.15%
- 1M
- 2.31%
- YTD
- 11.26%
- 6M
- 11.96%
- 1Y
- 24.29%
- 3Y*
- 17.30%
- 5Y*
- 11.93%
- 10Y*
- —
XHYA.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.14% | 4.45% | 6.15% | 10.88% | -8.84% | 2.99% | 2.01% | 2.21% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between XHYA.DE and VWCE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.60 |
The correlation between XHYA.DE and VWCE.DE has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
XHYA.DE vs. VWCE.DE — Risk / Return Rank
XHYA.DE
VWCE.DE
XHYA.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.68 | -2.53 |
| Martin ratioReturn relative to average drawdown | 4.71 | 15.26 | -10.56 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.11 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.86 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.32 |
Drawdowns
XHYA.DE vs. VWCE.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.83%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and VWCE.DE.
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Drawdown Indicators
| XHYA.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.83% | -33.43% | +9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -6.55% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -21.07% | +16.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.49% | -21.07% | +6.58% |
Current DrawdownCurrent decline from peak | -0.19% | -1.87% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.69% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.58% | -0.88% |
Volatility
XHYA.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 1.09%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.29%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 3.29% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 8.24% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 11.42% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 13.76% | -8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 16.15% | -9.60% |
XHYA.DE vs. VWCE.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is higher than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither XHYA.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and VWCE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XHYA.DE.
XHYA.DE is categorized as European High Yield Bonds, while VWCE.DE is Global Equities. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.20% for XHYA.DE and 0.19% for VWCE.DE.
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