XHYG.DE vs. EH1Y.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and EH1Y.DE (iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist) are both European High Yield Bonds funds - XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR while EH1Y.DE tracks the ICE BofAML Euro High Yield Constrained. Both are passively managed. Over the past 3 years, XHYG.DE returned 6.42%/yr vs 7.57%/yr for EH1Y.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XHYG.DE vs. EH1Y.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYG.DE achieves a 1.00% return, which is significantly lower than EH1Y.DE's 1.34% 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%
EH1Y.DE
- 1D
- 0.08%
- 1M
- 0.67%
- YTD
- 1.34%
- 6M
- 1.60%
- 1Y
- 4.08%
- 3Y*
- 7.57%
- 5Y*
- —
- 10Y*
- —
XHYG.DE vs. EH1Y.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | -4.28% |
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 1.34% | 5.28% | 7.65% | 12.37% | -5.31% |
Correlation
The correlation between XHYG.DE and EH1Y.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.84 |
The correlation between XHYG.DE and EH1Y.DE shifts across timeframes, from 0.74 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. EH1Y.DE — Risk / Return Rank
XHYG.DE
EH1Y.DE
XHYG.DE vs. EH1Y.DE - 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 iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.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.
| XHYG.DE | EH1Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.17 | +0.05 |
| Martin ratioReturn relative to average drawdown | 5.17 | 4.93 | +0.25 |
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
| XHYG.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.08 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.92 | -0.48 |
Drawdowns
XHYG.DE vs. EH1Y.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, which is greater than EH1Y.DE's maximum drawdown of -10.62%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and EH1Y.DE.
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Drawdown Indicators
| XHYG.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -10.62% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.31% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -3.71% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.32% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -1.71% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.79% | -0.12% |
Volatility
XHYG.DE vs. EH1Y.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) at 1.09%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier than EH1Y.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYG.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.09% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 3.13% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.56% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.34% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 5.34% | +1.83% |
XHYG.DE vs. EH1Y.DE - Expense Ratio Comparison
Both XHYG.DE and EH1Y.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
XHYG.DE vs. EH1Y.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, less than EH1Y.DE's 6.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 6.78% | 5.47% | 5.71% | 5.03% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
XHYG.DE and EH1Y.DE have a correlation of 0.74, 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.
XHYG.DE and EH1Y.DE have the same expense ratio: 0.20% per year.
XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while EH1Y.DE tracks ICE BofAML Euro High Yield Constrained. They also come from different issuers: Xtrackers and iShares.
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