XHYG.DE vs. WINC.AS
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while WINC.AS is a Global Equity Income fund actively managed by iShares. XHYG.DE is passively managed, while WINC.AS is actively managed. Over the past year, XHYG.DE returned 3.43% vs 22.75% for WINC.AS. At a 0.48 correlation, their price movements are largely independent. XHYG.DE charges 0.20%/yr vs 0.35%/yr for WINC.AS.
Performance
XHYG.DE vs. WINC.AS - Performance Comparison
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Different Trading Currencies
XHYG.DE is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 WINC.AS's 10.12% 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%
WINC.AS
- 1D
- 0.49%
- 1M
- 3.41%
- YTD
- 10.12%
- 6M
- 10.54%
- 1Y
- 22.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XHYG.DE vs. WINC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.08% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 10.13% | 7.70% | 12.74% |
Correlation
The correlation between XHYG.DE and WINC.AS is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.48 |
The correlation between XHYG.DE and WINC.AS shifts across timeframes, from 0.48 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. WINC.AS — Risk / Return Rank
XHYG.DE
WINC.AS
XHYG.DE vs. WINC.AS - 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 World Equity High Income UCITS ETF USD Inc (WINC.AS). 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 | WINC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 5.25 | -4.03 |
| Martin ratioReturn relative to average drawdown | 5.17 | 18.47 | -13.30 |
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 | WINC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.06 | -1.09 |
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 | 1.21 | -0.76 |
Drawdowns
XHYG.DE vs. WINC.AS - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, which is greater than WINC.AS's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and WINC.AS.
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Drawdown Indicators
| XHYG.DE | WINC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -18.74% | -5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -4.26% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | — | — |
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% | -0.12% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -3.04% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.21% | -0.54% |
Volatility
XHYG.DE vs. WINC.AS - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 1.15%, while iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a volatility of 2.82%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than WINC.AS 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 | WINC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.82% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 8.01% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 10.87% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 14.36% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 14.36% | -7.19% |
XHYG.DE vs. WINC.AS - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.
Dividends
XHYG.DE vs. WINC.AS - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, less than WINC.AS's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.64% | 9.38% | 4.88% | 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 WINC.AS have a correlation of 0.59, 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 0.35% for WINC.AS.
XHYG.DE is categorized as European High Yield Bonds, while WINC.AS is Global Equity Income. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XHYG.DE and 0.35% for WINC.AS.
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