XHYG.DE vs. XSX6.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both exchange-traded funds - XHYG.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, XHYG.DE returned 3.16%/yr vs 9.14%/yr for XSX6.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XHYG.DE vs. XSX6.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 XSX6.DE's 7.40% return. Over the past 10 years, XHYG.DE has underperformed XSX6.DE with an annualized return of 3.16%, while XSX6.DE has yielded a comparatively higher 9.14% 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%
XSX6.DE
- 1D
- 0.59%
- 1M
- 0.87%
- YTD
- 7.40%
- 6M
- 10.04%
- 1Y
- 16.19%
- 3Y*
- 13.95%
- 5Y*
- 9.70%
- 10Y*
- 9.14%
XHYG.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 7.40% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
Correlation
The correlation between XHYG.DE and XSX6.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.63 |
The correlation between XHYG.DE and XSX6.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
XHYG.DE vs. XSX6.DE — Risk / Return Rank
XHYG.DE
XSX6.DE
XHYG.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.73 | -0.51 |
| Martin ratioReturn relative to average drawdown | 5.17 | 6.55 | -1.38 |
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 | XSX6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.26 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.66 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.58 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.59 | -0.15 |
Drawdowns
XHYG.DE vs. XSX6.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, smaller than the maximum XSX6.DE drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and XSX6.DE.
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Drawdown Indicators
| XHYG.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -36.05% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -9.46% | +6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -16.37% | +12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -20.84% | +6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | -36.05% | +12.05% |
Current DrawdownCurrent decline from peak | -0.11% | -1.56% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -5.27% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.50% | -1.83% |
Volatility
XHYG.DE vs. XSX6.DE - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) is 1.15%, while Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a volatility of 4.26%. This indicates that XHYG.DE experiences smaller price fluctuations and is considered to be less risky than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 4.26% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 10.73% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 12.95% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 14.44% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 15.61% | -8.44% |
XHYG.DE vs. XSX6.DE - Expense Ratio Comparison
Both XHYG.DE and XSX6.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. XSX6.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, while XSX6.DE has not paid dividends to shareholders.
| 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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYG.DE and XSX6.DE have a correlation of 0.70, 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 XSX6.DE have the same expense ratio: 0.20% per year.
XHYG.DE is categorized as European High Yield Bonds, while XSX6.DE is Europe Equities. XHYG.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while XSX6.DE tracks STOXX® Europe 600.
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