XHYG.DE vs. IS3N.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, XHYG.DE returned 3.16%/yr vs 10.00%/yr for IS3N.DE. At a 0.46 correlation, their price movements are largely independent. XHYG.DE charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
XHYG.DE vs. IS3N.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 IS3N.DE's 25.82% return. Over the past 10 years, XHYG.DE has underperformed IS3N.DE with an annualized return of 3.16%, while IS3N.DE has yielded a comparatively higher 10.00% 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%
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
XHYG.DE vs. IS3N.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% | 4.46% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between XHYG.DE and IS3N.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.46 |
The correlation between XHYG.DE and IS3N.DE has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
XHYG.DE vs. IS3N.DE — Risk / Return Rank
XHYG.DE
IS3N.DE
XHYG.DE vs. IS3N.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.49 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 4.42 | -3.20 |
| Martin ratioReturn relative to average drawdown | 5.17 | 16.00 | -10.83 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.69 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.53 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.55 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.44 | 0.00 |
Drawdowns
XHYG.DE vs. IS3N.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and IS3N.DE.
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Drawdown Indicators
| XHYG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -35.06% | +11.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -10.52% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -19.17% | +15.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -22.01% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | -32.51% | +8.51% |
Current DrawdownCurrent decline from peak | -0.11% | -2.49% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -9.30% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.91% | -2.24% |
Volatility
XHYG.DE vs. IS3N.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 1.15%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 7.16% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 14.69% | -11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 17.32% | -13.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 16.19% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 18.04% | -10.87% |
XHYG.DE vs. IS3N.DE - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is higher than IS3N.DE's 0.18% 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
XHYG.DE vs. IS3N.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 IS3N.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for XHYG.DE.
XHYG.DE is categorized as European High Yield Bonds, while IS3N.DE is Emerging Markets Equities. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XHYG.DE and 0.18% for IS3N.DE.
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