XHYA.DE vs. XDWD.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and XDWD.DE (Xtrackers MSCI World 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 XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.78%/yr vs 12.89%/yr for XDWD.DE. A 0.56 correlation means they provide meaningful diversification when combined. XHYA.DE charges 0.20%/yr vs 0.19%/yr for XDWD.DE.
Performance
XHYA.DE vs. XDWD.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 XDWD.DE's 10.91% 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*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 3.63%
- YTD
- 10.91%
- 6M
- 10.96%
- 1Y
- 23.80%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XHYA.DE vs. XDWD.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% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -13.67% | 32.74% | 5.48% | 31.27% | -4.94% | 2.88% |
Correlation
The correlation between XHYA.DE and XDWD.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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.56 |
The correlation between XHYA.DE and XDWD.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. XDWD.DE — Risk / Return Rank
XHYA.DE
XDWD.DE
XHYA.DE vs. XDWD.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 MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.63 | -2.52 |
| Martin ratioReturn relative to average drawdown | 4.54 | 14.44 | -9.90 |
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 | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.14 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.90 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.78 | -0.34 |
Drawdowns
XHYA.DE vs. XDWD.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and XDWD.DE.
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Drawdown Indicators
| XHYA.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -33.55% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -6.54% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -21.64% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -21.64% | +7.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.33% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.55% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.65% | -0.94% |
Volatility
XHYA.DE vs. XDWD.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 1.08%, while Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) has a volatility of 2.60%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 2.60% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 7.77% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 11.12% | -7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 14.13% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 15.16% | -8.49% |
XHYA.DE vs. XDWD.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is higher than XDWD.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. XDWD.DE - Dividend Comparison
Neither XHYA.DE nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and XDWD.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, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.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 XDWD.DE is Global Equities. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while XDWD.DE tracks MSCI World. Their fees differ too: 0.20% for XHYA.DE and 0.19% for XDWD.DE.
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