XHYA.DE vs. XYP1.DE
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 5 years, XHYA.DE returned 2.78%/yr vs 0.86%/yr for XYP1.DE. At a 0.24 correlation, their price movements are largely independent. XHYA.DE charges 0.20%/yr vs 0.15%/yr for XYP1.DE.
Performance
XHYA.DE vs. XYP1.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 XYP1.DE's 0.03% 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*
- —
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
XHYA.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | 0.05% |
Correlation
The correlation between XHYA.DE and XYP1.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.24 |
Over the past year, XHYA.DE and XYP1.DE have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
XHYA.DE vs. XYP1.DE — Risk / Return Rank
XHYA.DE
XYP1.DE
XHYA.DE vs. XYP1.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 Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.55 | +0.56 |
| Martin ratioReturn relative to average drawdown | 4.54 | 1.75 | +2.79 |
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 | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.56 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.49 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.46 | -0.02 |
Drawdowns
XHYA.DE vs. XYP1.DE - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.86%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and XYP1.DE.
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Drawdown Indicators
| XHYA.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.86% | -5.77% | -18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -1.39% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -1.39% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -5.53% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.77% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.61% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -0.93% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.44% | +0.27% |
Volatility
XHYA.DE vs. XYP1.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a higher volatility of 1.08% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that XHYA.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.49% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 1.25% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 1.38% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 1.75% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 2.01% | +4.66% |
XHYA.DE vs. XYP1.DE - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is higher than XYP1.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. XYP1.DE - Dividend Comparison
Neither XHYA.DE nor XYP1.DE has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and XYP1.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.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 XYP1.DE is European Government Bonds. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Their fees differ too: 0.20% for XHYA.DE and 0.15% for XYP1.DE.
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