XHYG.DE vs. ARES

Last updated Jun 5, 2026

XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) is European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while ARES (Ares Management Corporation) is a stock. Over the past 10 years, XHYG.DE returned 3.16%/yr vs 29.33%/yr for ARES. At a 0.26 correlation, their price movements are largely independent.

Performance

XHYG.DE vs. ARES - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) and Ares Management Corporation (ARES). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XHYG.DE is traded in EUR, while ARES is traded in USD. To make them comparable, the ARES values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XHYG.DE achieves a 1.00% return, which is significantly higher than ARES's -19.66% return. Over the past 10 years, XHYG.DE has underperformed ARES with an annualized return of 3.16%, while ARES has yielded a comparatively higher 29.33% annualized return.

XHYG.DE

• 1D: 0.08%
• 1M: 0.61%
• YTD: 1.00%
• 6M: 1.35%
• 1Y: 3.43%
• 3Y*: 6.42%
• 5Y*: 2.78%
• 10Y*: 3.16%

ARES

• 1D: -2.94%
• 1M: 3.45%
• YTD: -19.66%
• 6M: -21.33%
• 1Y: -23.74%
• 3Y*: 11.87%
• 5Y*: 22.42%
• 10Y*: 29.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHYG.DE vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D	1.00%	4.63%	6.16%	11.48%	-8.51%	2.12%	1.72%	9.91%	-3.67%	4.46%
ARES Ares Management Corporation	-19.66%	-16.91%	62.76%	74.13%	-7.35%	91.05%	26.05%	114.88%	-1.10%	-2.89%

Correlation

The correlation between XHYG.DE and ARES is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015	0.26

The correlation between XHYG.DE and ARES shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XHYG.DE vs. ARES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHYG.DE

XHYG.DE Risk / Return Rank: 29
XHYG.DE Sharpe Ratio Rank: 28
XHYG.DE Sortino Ratio Rank: 30
XHYG.DE Omega Ratio Rank: 30
XHYG.DE Calmar Ratio Rank: 26
XHYG.DE Martin Ratio Rank: 35

ARES

ARES Risk / Return Rank: 20
ARES Sharpe Ratio Rank: 17
ARES Sortino Ratio Rank: 18
ARES Omega Ratio Rank: 18
ARES Calmar Ratio Rank: 25
ARES Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHYG.DE vs. ARES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) and Ares Management Corporation (ARES). 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.

	XHYG.DE	ARES	Difference
Sharpe ratio: Return per unit of total volatility	0.97	-0.58	+1.55
Sortino ratio: Return per unit of downside risk	1.58	-0.60	+2.19
Omega ratio: Gain probability vs. loss probability	1.20	0.92	+0.27
Calmar ratio: Return relative to maximum drawdown	1.22	-0.49	+1.71
Martin ratio: Return relative to average drawdown	5.17	-0.96	+6.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYG.DE vs. ARES - Sharpe Ratio Comparison

The current XHYG.DE Sharpe Ratio is 0.97, which is higher than the ARES Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of XHYG.DE and ARES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XHYG.DE	ARES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	-0.58	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.61	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.80	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.68	-0.23

Drawdowns

XHYG.DE vs. ARES - Drawdown Comparison

The maximum XHYG.DE drawdown since its inception was -24.00%, smaller than the maximum ARES drawdown of -54.77%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and ARES.

Drawdown Indicators

	XHYG.DE	ARES	Difference
Max Drawdown Largest peak-to-trough decline	-24.00%	-54.77%	+30.77%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-48.35%	+45.54%
Max Drawdown (3Y) Largest decline over 3 years	-3.64%	-54.77%	+51.13%
Max Drawdown (5Y) Largest decline over 5 years	-14.54%	-54.77%	+40.23%
Max Drawdown (10Y) Largest decline over 10 years	-24.00%	-54.77%	+30.77%
Current Drawdown Current decline from peak	-0.11%	-40.35%	+40.24%
Average Drawdown Average peak-to-trough decline	-2.34%	-11.82%	+9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	24.66%	-23.99%

Volatility

XHYG.DE vs. ARES - Volatility Comparison

The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 1.15%, while Ares Management Corporation (ARES) has a volatility of 10.67%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than ARES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHYG.DE	ARES	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	10.67%	-9.52%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	35.23%	-32.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	41.02%	-37.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	36.90%	-31.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.17%	36.73%	-29.56%

Dividends

XHYG.DE vs. ARES - Dividend Comparison

XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, more than ARES's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARES Ares Management Corporation	4.42%	3.29%	2.10%	2.59%	3.57%	2.31%	3.40%	3.59%	7.50%	5.65%	4.32%	6.81%
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D	4.93%	4.75%	5.48%	3.95%	3.70%	5.75%	2.27%	3.54%	5.11%	3.71%	1.25%	0.00%

Frequently Asked Questions

Can I hold both XHYG.DE and ARES in my portfolio?

XHYG.DE and ARES have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.