XHYG.DE vs. EUHI.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both European High Yield Bonds funds - XHYG.DE tracks the Bloomberg Pan Euro HY Euro TR EUR while EUHI.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. Both are passively managed. Over the past 5 years, XHYG.DE returned 2.78%/yr vs 2.83%/yr for EUHI.DE. A 0.66 correlation means they provide meaningful diversification when combined. XHYG.DE charges 0.20%/yr vs 0.50%/yr for EUHI.DE.
Performance
XHYG.DE vs. EUHI.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 EUHI.DE's 1.24% 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%
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 10Y*
- —
XHYG.DE vs. EUHI.DE - 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% | -0.06% |
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | -8.21% | 3.21% | 1.04% | 8.37% | -4.20% | 0.33% |
Correlation
The correlation between XHYG.DE and EUHI.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.66 |
The correlation between XHYG.DE and EUHI.DE shifts across timeframes, from 0.66 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. EUHI.DE — Risk / Return Rank
XHYG.DE
EUHI.DE
XHYG.DE vs. EUHI.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 PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.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 | EUHI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.24 | -0.01 |
| Martin ratioReturn relative to average drawdown | 5.17 | 5.48 | -0.31 |
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 | EUHI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.24 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.62 | -0.12 |
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 | 0.40 | +0.04 |
Drawdowns
XHYG.DE vs. EUHI.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, which is greater than EUHI.DE's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and EUHI.DE.
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Drawdown Indicators
| XHYG.DE | EUHI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -21.68% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.85% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -3.28% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -12.64% | -1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.12% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -2.41% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.64% | +0.03% |
Volatility
XHYG.DE vs. EUHI.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) at 0.67%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier than EUHI.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 | EUHI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.67% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.38% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 2.83% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 4.50% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 6.21% | +0.96% |
XHYG.DE vs. EUHI.DE - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than EUHI.DE's 0.50% expense ratio.
Dividends
XHYG.DE vs. EUHI.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, more than EUHI.DE's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% | 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 EUHI.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for EUHI.DE.
XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while EUHI.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. They also come from different issuers: Xtrackers and PIMCO. Their fees differ too: 0.20% for XHYG.DE and 0.50% for EUHI.DE.
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