XHYA.DE vs. XDEW.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.88%/yr vs 9.59%/yr for XDEW.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XHYA.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.88% return, which is significantly lower than XDEW.DE's 14.89% return.
XHYA.DE
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.37%
- YTD
- 1.88%
- 1Y
- 3.70%
- 3Y*
- 6.46%
- 5Y*
- 2.88%
- 10Y*
- —
XDEW.DE
- 1D
- 0.65%
- 1M
- 2.83%
- 6M
- 10.05%
- YTD
- 14.89%
- 1Y
- 23.44%
- 3Y*
- 13.01%
- 5Y*
- 9.59%
- 10Y*
- 11.13%
XHYA.DE vs. XDEW.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 | 1.88% | 4.45% | 6.15% | 10.88% | -8.84% | 2.99% | 2.01% | 9.70% | -3.64% | 4.00% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.89% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 1.16% |
Correlation
The correlation between XHYA.DE and XDEW.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.52 |
The correlation between XHYA.DE and XDEW.DE has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
XHYA.DE vs. XDEW.DE — Risk / Return Rank
XHYA.DE
XDEW.DE
XHYA.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XHYA.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 4.61 | -3.32 |
| Martin ratioReturn relative to average drawdown | 5.28 | 14.21 | -8.93 |
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Drawdowns
XHYA.DE vs. XDEW.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.83%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and XDEW.DE.
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Drawdown Indicators
| XHYA.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.83% | -38.79% | +14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -5.06% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -22.70% | +18.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.49% | -22.70% | +8.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.27% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -5.33% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.64% | -0.94% |
Volatility
XHYA.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 0.68%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.78%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.78% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 6.93% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 10.66% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 14.91% | -9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 16.80% | -10.28% |
XHYA.DE vs. XDEW.DE - Expense Ratio Comparison
Both XHYA.DE and XDEW.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XHYA.DE vs. XDEW.DE - Dividend Comparison
Neither XHYA.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and XDEW.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE and XDEW.DE have the same expense ratio: 0.20% per year.
XHYA.DE is categorized as European High Yield Bonds, while XDEW.DE is S&P 500. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while XDEW.DE tracks S&P 500 Equal Weight Index.
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