XHYG.DE vs. XDEW.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XHYG.DE returned 3.10%/yr vs 11.13%/yr for XDEW.DE. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
XHYG.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYG.DE achieves a 1.39% return, which is significantly lower than XDEW.DE's 14.89% return. Over the past 10 years, XHYG.DE has underperformed XDEW.DE with an annualized return of 3.10%, while XDEW.DE has yielded a comparatively higher 11.13% annualized return.
XHYG.DE
- 1D
- -0.19%
- 1M
- 0.19%
- 6M
- 1.14%
- YTD
- 1.39%
- 1Y
- 3.44%
- 3Y*
- 6.36%
- 5Y*
- 2.81%
- 10Y*
- 3.10%
XDEW.DE
- 1D
- 0.65%
- 1M
- 2.83%
- 6M
- 10.05%
- YTD
- 14.89%
- 1Y
- 23.44%
- 3Y*
- 13.01%
- 5Y*
- 9.59%
- 10Y*
- 11.13%
XHYG.DE vs. XDEW.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 | 1.39% | 4.66% | 6.11% | 11.53% | -9.28% | 2.99% | 1.71% | 9.90% | -3.67% | 4.46% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.89% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XHYG.DE and XDEW.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2015 | 0.50 |
The correlation between XHYG.DE and XDEW.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. XDEW.DE — Risk / Return Rank
XHYG.DE
XDEW.DE
XHYG.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XHYG.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.61 | -3.40 |
| Martin ratioReturn relative to average drawdown | 5.10 | 14.21 | -9.11 |
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Drawdowns
XHYG.DE vs. XDEW.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -23.96%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and XDEW.DE.
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Drawdown Indicators
| XHYG.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -38.79% | +14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -5.06% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -22.70% | +19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -22.70% | +8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -38.79% | +14.83% |
Current DrawdownCurrent decline from peak | -0.31% | -0.27% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -5.33% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.64% | -0.97% |
Volatility
XHYG.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 0.96%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.78%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.78% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 6.93% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 10.66% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 14.91% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 16.80% | -9.75% |
XHYG.DE vs. XDEW.DE - Expense Ratio Comparison
Both XHYG.DE and XDEW.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. XDEW.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.91%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 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 | 4.91% | 4.75% | 5.49% | 3.95% | 3.70% | 5.70% | 2.27% | 3.55% | 5.11% | 3.71% | 1.25% |
Frequently Asked Questions
XHYG.DE and XDEW.DE have a correlation of 0.45, 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 XDEW.DE have the same expense ratio: 0.20% per year.
XHYG.DE is categorized as European High Yield Bonds, while XDEW.DE is S&P 500. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while XDEW.DE tracks S&P 500 Equal Weight Index.
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