XQUD.DE vs. GHYG

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and iShares US & Intl High Yield Corp Bond ETF (GHYG).

XQUD.DE and GHYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XQUD.DE is a passively managed fund by Xtrackers that tracks the performance of the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. It was launched on Jun 15, 2022. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012. Both XQUD.DE and GHYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XQUD.DE vs. GHYG - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and iShares US & Intl High Yield Corp Bond ETF (GHYG). The values are adjusted to include any dividend payments, if applicable.

XQUD.DE vs. GHYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF	0.63%	-1.36%	5.23%	3.70%	-0.16%
GHYG iShares US & Intl High Yield Corp Bond ETF	0.77%	-1.93%	12.84%	9.90%	2.13%

Different Trading Currencies

XQUD.DE is traded in EUR, while GHYG is traded in USD. To make them comparable, the GHYG values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XQUD.DE achieves a 0.63% return, which is significantly lower than GHYG's 0.77% return.

XQUD.DE

• 1D: 0.47%
• 1M: -1.38%
• YTD: 0.63%
• 6M: 1.11%
• 1Y: -0.35%
• 3Y*: 2.14%
• 5Y*: —
• 10Y*: —

GHYG

• 1D: 0.24%
• 1M: -0.11%
• YTD: 0.77%
• 6M: 1.49%
• 1Y: 0.94%
• 3Y*: 6.24%
• 5Y*: 3.74%
• 10Y*: 4.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XQUD.DE vs. GHYG - Expense Ratio Comparison

XQUD.DE has a 0.45% expense ratio, which is higher than GHYG's 0.40% expense ratio.

XQUD.DE

Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF

GHYG

iShares US & Intl High Yield Corp Bond ETF

Return for Risk

XQUD.DE vs. GHYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XQUD.DE

XQUD.DE Risk / Return Rank: 12
XQUD.DE Sharpe Ratio Rank: 10
XQUD.DE Sortino Ratio Rank: 9
XQUD.DE Omega Ratio Rank: 9
XQUD.DE Calmar Ratio Rank: 15
XQUD.DE Martin Ratio Rank: 15

GHYG

GHYG Risk / Return Rank: 70
GHYG Sharpe Ratio Rank: 72
GHYG Sortino Ratio Rank: 76
GHYG Omega Ratio Rank: 72
GHYG Calmar Ratio Rank: 67
GHYG Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XQUD.DE vs. GHYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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.

	XQUD.DE	GHYG	Difference
Sharpe ratio Return per unit of total volatility	-0.04	0.12	-0.16
Sortino ratio Return per unit of downside risk	-0.00	0.21	-0.22
Omega ratio Gain probability vs. loss probability	1.00	1.03	-0.03
Calmar ratio Return relative to maximum drawdown	0.31	0.11	+0.20
Martin ratio Return relative to average drawdown	0.82	0.34	+0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XQUD.DE vs. GHYG - Sharpe Ratio Comparison

The current XQUD.DE Sharpe Ratio is -0.04, which is lower than the GHYG Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of XQUD.DE and GHYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XQUD.DE	GHYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	0.12	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.57	-0.31

Correlation

The correlation between XQUD.DE and GHYG is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XQUD.DE vs. GHYG - Dividend Comparison

XQUD.DE has not paid dividends to shareholders, while GHYG's dividend yield for the trailing twelve months is around 6.25%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHYG iShares US & Intl High Yield Corp Bond ETF	6.25%	6.03%	6.11%	5.60%	4.64%	4.57%	4.36%	4.61%	5.62%	4.60%	4.61%	4.79%

Drawdowns

XQUD.DE vs. GHYG - Drawdown Comparison

The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum GHYG drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and GHYG.

Drawdown Indicators

	XQUD.DE	GHYG	Difference
Max Drawdown Largest peak-to-trough decline	-12.01%	-27.36%	+15.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	-3.84%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.36%	—
Current Drawdown Current decline from peak	-4.27%	-2.36%	-1.91%
Average Drawdown Average peak-to-trough decline	-5.60%	-3.38%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.02%	+1.09%

Volatility

XQUD.DE vs. GHYG - Volatility Comparison

Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and iShares US & Intl High Yield Corp Bond ETF (GHYG) have volatilities of 1.99% and 1.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XQUD.DE	GHYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.91%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	4.17%	3.83%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.04%	7.86%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.11%	7.36%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	9.08%	-0.97%