XHYG.DE vs. XESC.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and XESC.DE (Xtrackers EURO STOXX 50 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 XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, XHYG.DE returned 3.43%/yr vs 11.87%/yr for XESC.DE. A 0.64 correlation means they provide meaningful diversification when combined. XHYG.DE charges 0.20%/yr vs 0.09%/yr for XESC.DE.
Performance
XHYG.DE vs. XESC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYG.DE achieves a 1.52% return, which is significantly lower than XESC.DE's 9.31% return. Over the past 10 years, XHYG.DE has underperformed XESC.DE with an annualized return of 3.43%, while XESC.DE has yielded a comparatively higher 11.87% annualized return.
XHYG.DE
- 1D
- 0.13%
- 1M
- 1.08%
- YTD
- 1.52%
- 6M
- 1.90%
- 1Y
- 4.02%
- 3Y*
- 6.59%
- 5Y*
- 2.84%
- 10Y*
- 3.43%
XESC.DE
- 1D
- 0.00%
- 1M
- 2.56%
- YTD
- 9.31%
- 6M
- 10.20%
- 1Y
- 21.31%
- 3Y*
- 16.40%
- 5Y*
- 11.78%
- 10Y*
- 11.87%
XHYG.DE vs. XESC.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 | 1.52% | 4.66% | 6.11% | 11.53% | -9.28% | 2.99% | 1.71% | 9.90% | -3.67% | 4.46% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 9.31% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between XHYG.DE and XESC.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2015 | 0.64 |
The correlation between XHYG.DE and XESC.DE has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
XHYG.DE vs. XESC.DE — Risk / Return Rank
XHYG.DE
XESC.DE
XHYG.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.96 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.98 | 6.81 | -0.84 |
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Drawdowns
XHYG.DE vs. XESC.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -23.96%, smaller than the maximum XESC.DE drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and XESC.DE.
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Drawdown Indicators
| XHYG.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -46.74% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.88% | +8.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -16.53% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -23.33% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -38.51% | +14.55% |
Current DrawdownCurrent decline from peak | -0.19% | -1.71% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -9.06% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.13% | -2.46% |
Volatility
XHYG.DE vs. XESC.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 1.15%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 3.52%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 3.52% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 13.23% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 16.03% | -12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 17.56% | -12.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 17.98% | -10.91% |
XHYG.DE vs. XESC.DE - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is higher than XESC.DE's 0.09% 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. XESC.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.91%, while XESC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XESC.DE Xtrackers EURO STOXX 50 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 XESC.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for XHYG.DE.
XHYG.DE is categorized as European High Yield Bonds, while XESC.DE is Europe Equities. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for XHYG.DE and 0.09% for XESC.DE.
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