XHYG.DE vs. XZHE.DE
XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) and XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) are both European High Yield Bonds funds tracking the Bloomberg Pan Euro HY Euro TR EUR, from Xtrackers and DWS respectively. Both are passively managed. Over the past 3 years, XHYG.DE returned 6.42%/yr vs 6.40%/yr for XZHE.DE. Their correlation of 0.86 suggests significant overlap in exposure. XHYG.DE charges 0.20%/yr vs 0.25%/yr for XZHE.DE.
Performance
XHYG.DE vs. XZHE.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 higher than XZHE.DE's 0.54% 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%
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
XHYG.DE vs. XZHE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | 4.10% |
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.54% | 5.48% | 5.98% | 9.94% | 2.99% |
Correlation
The correlation between XHYG.DE and XZHE.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.86 |
The correlation between XHYG.DE and XZHE.DE shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHYG.DE vs. XZHE.DE — Risk / Return Rank
XHYG.DE
XZHE.DE
XHYG.DE vs. XZHE.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 ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.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 | XZHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.92 | +0.30 |
| Martin ratioReturn relative to average drawdown | 5.17 | 3.44 | +1.73 |
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 | XZHE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.81 | +0.17 |
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 | 1.12 | -0.68 |
Drawdowns
XHYG.DE vs. XZHE.DE - Drawdown Comparison
The maximum XHYG.DE drawdown since its inception was -24.00%, which is greater than XZHE.DE's maximum drawdown of -7.83%. Use the drawdown chart below to compare losses from any high point for XHYG.DE and XZHE.DE.
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Drawdown Indicators
| XHYG.DE | XZHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -7.83% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.94% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -3.99% | +0.35% |
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% | -0.55% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -0.99% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.05% | -0.38% |
Volatility
XHYG.DE vs. XZHE.DE - Volatility Comparison
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a higher volatility of 1.15% compared to Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) at 1.07%. This indicates that XHYG.DE's price experiences larger fluctuations and is considered to be riskier than XZHE.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 | XZHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.07% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 4.04% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 4.48% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.65% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 5.65% | +1.52% |
XHYG.DE vs. XZHE.DE - Expense Ratio Comparison
XHYG.DE has a 0.20% expense ratio, which is lower than XZHE.DE's 0.25% expense ratio. Despite the difference, 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. XZHE.DE - Dividend Comparison
XHYG.DE's dividend yield for the trailing twelve months is around 4.93%, while XZHE.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% |
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond 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% |
Frequently Asked Questions
XHYG.DE and XZHE.DE have a correlation of 0.74, 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 0.25% for XZHE.DE.
Both ETFs track Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.20% for XHYG.DE and 0.25% for XZHE.DE.
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