XUHE.DE vs. IBC9.DE
XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged) while IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped. Both are passively managed. Over the past 3 years, XUHE.DE returned 6.61%/yr vs 6.73%/yr for IBC9.DE. At a 0.32 correlation, their price movements are largely independent. XUHE.DE charges 0.25%/yr vs 0.50%/yr for IBC9.DE.
Performance
XUHE.DE vs. IBC9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUHE.DE achieves a 1.21% return, which is significantly lower than IBC9.DE's 3.47% return.
XUHE.DE
- 1D
- -0.12%
- 1M
- 0.30%
- 6M
- 1.21%
- YTD
- 1.21%
- 1Y
- 3.98%
- 3Y*
- 6.61%
- 5Y*
- —
- 10Y*
- —
IBC9.DE
- 1D
- -0.13%
- 1M
- 1.44%
- 6M
- 3.26%
- YTD
- 3.47%
- 1Y
- 6.26%
- 3Y*
- 6.73%
- 5Y*
- 3.79%
- 10Y*
- 4.18%
XUHE.DE vs. IBC9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.21% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.47% | 1.08% | 9.31% | 9.25% | -6.54% | 2.23% |
Correlation
The correlation between XUHE.DE and IBC9.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.32 |
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Return for Risk
XUHE.DE vs. IBC9.DE — Risk / Return Rank
XUHE.DE
IBC9.DE
XUHE.DE vs. IBC9.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 iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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 | IBC9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.81 | -1.49 |
| Martin ratioReturn relative to average drawdown | 6.17 | 9.16 | -3.00 |
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Drawdowns
XUHE.DE vs. IBC9.DE - Drawdown Comparison
The maximum XUHE.DE drawdown since its inception was -17.56%, smaller than the maximum IBC9.DE drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and IBC9.DE.
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Drawdown Indicators
| XUHE.DE | IBC9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -27.22% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.22% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -6.79% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.35% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -7.56% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.68% | -0.04% |
Volatility
XUHE.DE vs. IBC9.DE - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) has a higher volatility of 1.19% compared to iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) at 1.02%. This indicates that XUHE.DE's price experiences larger fluctuations and is considered to be riskier than IBC9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUHE.DE | IBC9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.02% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 2.93% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.01% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 5.68% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 7.85% | -0.42% |
XUHE.DE vs. IBC9.DE - Expense Ratio Comparison
XUHE.DE has a 0.25% expense ratio, which is lower than IBC9.DE's 0.50% expense ratio.
Dividends
XUHE.DE vs. IBC9.DE - Dividend Comparison
XUHE.DE has not paid dividends to shareholders, while IBC9.DE's dividend yield for the trailing twelve months is around 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 7.00% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 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
XUHE.DE and IBC9.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBC9.DE.
XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUHE.DE and 0.50% for IBC9.DE.
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