XHYG.DE vs. XHYG.L
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and XHYG.L (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) are both European High Yield Bonds funds from Xtrackers tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, XHYG.DE returned 2.78%/yr vs 2.77%/yr for XHYG.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XHYG.DE vs. XHYG.L - 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 higher than XHYG.L's 0.93% 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%
XHYG.L
- 1D
- 0.10%
- 1M
- 0.47%
- YTD
- 0.93%
- 6M
- 1.50%
- 1Y
- 3.46%
- 3Y*
- 6.39%
- 5Y*
- 2.77%
- 10Y*
- —
XHYG.DE vs. XHYG.L - 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% | -0.22% |
XHYG.L Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 0.93% | 4.77% | 6.00% | 11.49% | -9.23% | 3.13% | 1.63% | 5.80% | -8.11% | 0.29% |
Correlation
The correlation between XHYG.DE and XHYG.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.91 |
The correlation between XHYG.DE and XHYG.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
XHYG.DE vs. XHYG.L — Risk / Return Rank
XHYG.DE
XHYG.L
XHYG.DE vs. XHYG.L - 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 EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.L). 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 | XHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.13 | +0.09 |
| Martin ratioReturn relative to average drawdown | 5.17 | 4.86 | +0.31 |
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 | XHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.00 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.52 | -0.02 |
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 | 0.24 | +0.20 |
Drawdowns
XHYG.DE vs. XHYG.L - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, smaller than the maximum XHYG.L drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and XHYG.L.
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Drawdown Indicators
| XHYG.DE | XHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -26.33% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.91% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -3.76% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -14.50% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.05% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -4.00% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.68% | -0.01% |
Volatility
XHYG.DE vs. XHYG.L - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.L) at 0.84%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier than XHYG.L 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 | XHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.84% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.87% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.30% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.29% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 7.10% | +0.07% |
XHYG.DE vs. XHYG.L - Expense Ratio Comparison
Both XHYG.DE and XHYG.L 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. XHYG.L - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, which matches XHYG.L's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XHYG.L Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.49% | 3.95% | 3.70% | 5.71% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYG.DE and XHYG.L have a correlation of 0.88, 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 XHYG.L have the same expense ratio: 0.20% per year.
Both ETFs track Bloomberg Pan Euro HY Euro TR EUR.
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