XUHE.DE vs. EXUS.DE

Last updated Jul 4, 2026

XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XUHE.DE is a High Yield Bonds fund tracking the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XUHE.DE returned 3.98% vs 25.65% for EXUS.DE. A 0.55 correlation means they provide meaningful diversification when combined. XUHE.DE charges 0.25%/yr vs 0.15%/yr for EXUS.DE.

Performance

XUHE.DE vs. EXUS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUHE.DE achieves a 1.21% return, which is significantly lower than EXUS.DE's 13.41% return.

XUHE.DE

• 1D: -0.12%
• 1M: 0.30%
• 6M: 1.21%
• YTD: 1.21%
• 1Y: 3.98%
• 3Y*: 6.61%
• 5Y*: —
• 10Y*: —

EXUS.DE

• 1D: 0.66%
• 1M: 3.63%
• 6M: 13.12%
• YTD: 13.41%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XUHE.DE vs. EXUS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)	1.21%	7.00%	4.61%
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD	13.41%	17.80%	4.15%

Correlation

The correlation between XUHE.DE and EXUS.DE is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024	0.55

The correlation between XUHE.DE and EXUS.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

Return for Risk

XUHE.DE vs. EXUS.DE — Risk / Return Rank

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

XUHE.DE

XUHE.DE Risk / Return Rank: 33
XUHE.DE Sharpe Ratio Rank: 30
XUHE.DE Sortino Ratio Rank: 31
XUHE.DE Omega Ratio Rank: 31
XUHE.DE Calmar Ratio Rank: 30
XUHE.DE Martin Ratio Rank: 45

EXUS.DE

EXUS.DE Risk / Return Rank: 77
EXUS.DE Sharpe Ratio Rank: 78
EXUS.DE Sortino Ratio Rank: 80
EXUS.DE Omega Ratio Rank: 78
EXUS.DE Calmar Ratio Rank: 72
EXUS.DE Martin Ratio Rank: 77

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.

XUHE.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.

	XUHE.DE	EXUS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.03	-1.07
Sortino ratio: Return per unit of downside risk	1.46	2.91	-1.45
Omega ratio: Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.32	2.94	-1.62
Martin ratio: Return relative to average drawdown	6.17	11.77	-5.61

XUHE.DE vs. EXUS.DE - Sharpe Ratio Comparison

The current XUHE.DE Sharpe Ratio is 0.96, which is lower than the EXUS.DE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XUHE.DE and EXUS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XUHE.DE vs. EXUS.DE - Drawdown Comparison

The maximum XUHE.DE drawdown since its inception was -17.56%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and EXUS.DE.

Drawdown Indicators

	XUHE.DE	EXUS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.56%	-16.21%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-8.67%	+5.67%
Max Drawdown (3Y) Largest decline over 3 years	-5.20%	—	—
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-5.49%	-1.75%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	2.17%	-1.53%

Volatility

XUHE.DE vs. EXUS.DE - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) is 1.19%, while Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a volatility of 3.18%. This indicates that XUHE.DE experiences smaller price fluctuations and is considered to be less risky than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUHE.DE	EXUS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	3.18%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	3.49%	10.31%	-6.82%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	12.59%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.43%	13.36%	-5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.43%	13.36%	-5.93%

XUHE.DE vs. EXUS.DE - Expense Ratio Comparison

XUHE.DE has a 0.25% expense ratio, which is higher than EXUS.DE's 0.15% 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

XUHE.DE vs. EXUS.DE - Dividend Comparison

Neither XUHE.DE nor EXUS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XUHE.DE and EXUS.DE in my portfolio?

XUHE.DE and EXUS.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUHE.DE or EXUS.DE?

On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUHE.DE or EXUS.DE?

EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XUHE.DE.

What is the main difference between XUHE.DE and EXUS.DE?

XUHE.DE is categorized as High Yield Bonds, while EXUS.DE is Global Equities. XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.25% for XUHE.DE and 0.15% for EXUS.DE.