XHYG.DE vs. HYG
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Both are passively managed. Over the past 10 years, XHYG.DE returned 3.16%/yr vs 4.66%/yr for HYG. At a 0.23 correlation, their price movements are largely independent. XHYG.DE charges 0.20%/yr vs 0.49%/yr for HYG.
Performance
XHYG.DE vs. HYG - Performance Comparison
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Different Trading Currencies
XHYG.DE is traded in EUR, while HYG is traded in USD. To make them comparable, the HYG 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 lower than HYG's 2.99% return. Over the past 10 years, XHYG.DE has underperformed HYG with an annualized return of 3.16%, while HYG has yielded a comparatively higher 4.66% 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%
HYG
- 1D
- 0.30%
- 1M
- 1.56%
- YTD
- 2.99%
- 6M
- 2.39%
- 1Y
- 5.50%
- 3Y*
- 5.68%
- 5Y*
- 4.84%
- 10Y*
- 4.66%
XHYG.DE vs. HYG - 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2.99% | -4.29% | 15.09% | 8.19% | -5.46% | 11.52% | -4.14% | 16.67% | 2.58% | -6.96% |
Correlation
The correlation between XHYG.DE and HYG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.23 |
The correlation between XHYG.DE and HYG shifts across timeframes, from 0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. HYG — Risk / Return Rank
XHYG.DE
HYG
XHYG.DE vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.54 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.17 | 5.14 | +0.04 |
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 | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.92 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.57 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.48 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.05 |
Drawdowns
XHYG.DE vs. HYG - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, smaller than the maximum HYG drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and HYG.
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Drawdown Indicators
| XHYG.DE | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -31.22% | +7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.58% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -12.22% | +8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -12.22% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | -21.61% | -2.39% |
Current DrawdownCurrent decline from peak | -0.11% | -3.48% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -5.45% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.07% | -0.40% |
Volatility
XHYG.DE vs. HYG - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.85%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier than HYG 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 | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.85% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 4.15% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 6.00% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 8.59% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 9.78% | -2.61% |
XHYG.DE vs. HYG - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than HYG's 0.49% expense ratio.
Dividends
XHYG.DE vs. HYG - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, less than HYG's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.94% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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
XHYG.DE and HYG have a correlation of 0.10, 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 0.49% for HYG.
XHYG.DE is categorized as European High Yield Bonds, while HYG is High Yield Bonds. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while HYG tracks Markit iBoxx USD Liquid High Yield Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XHYG.DE and 0.49% for HYG.
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