XUHE.DE vs. UDHY.DE
XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds - XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged) while UDHY.DE tracks the ICE BofAML US High Yield Constrained. Both are passively managed. Over the past 3 years, XUHE.DE returned 6.61%/yr vs 5.72%/yr for UDHY.DE. At a 0.15 correlation, their price movements are largely independent. XUHE.DE charges 0.25%/yr vs 0.20%/yr for UDHY.DE.
Performance
XUHE.DE vs. UDHY.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 higher than UDHY.DE's 1.13% return.
XUHE.DE
- 1D
- -0.12%
- 1M
- 0.30%
- 6M
- 1.21%
- YTD
- 1.21%
- 1Y
- 3.98%
- 3Y*
- 6.61%
- 5Y*
- —
- 10Y*
- —
UDHY.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 0.92%
- YTD
- 1.13%
- 1Y
- 4.75%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
XUHE.DE vs. UDHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.21% | 7.00% | 5.04% | 10.87% | -8.56% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.13% | -3.31% | 14.00% | 9.01% | -3.77% |
Correlation
The correlation between XUHE.DE and UDHY.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.15 |
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Return for Risk
XUHE.DE vs. UDHY.DE — Risk / Return Rank
XUHE.DE
UDHY.DE
XUHE.DE vs. UDHY.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.26 | +1.06 |
| Martin ratioReturn relative to average drawdown | 6.17 | 0.38 | +5.78 |
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Drawdowns
XUHE.DE vs. UDHY.DE - Drawdown Comparison
The maximum XUHE.DE drawdown since its inception was -17.56%, roughly equal to the maximum UDHY.DE drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and UDHY.DE.
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Drawdown Indicators
| XUHE.DE | UDHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -18.01% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -18.01% | +15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -18.01% | +12.81% |
Current DrawdownCurrent decline from peak | -0.12% | -13.03% | +12.91% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.86% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 12.42% | -11.78% |
Volatility
XUHE.DE vs. UDHY.DE - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) is 1.19%, while iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) has a volatility of 1.53%. This indicates that XUHE.DE experiences smaller price fluctuations and is considered to be less risky than UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.53% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 4.85% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 22.23% | -18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 13.04% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 13.04% | -5.61% |
XUHE.DE vs. UDHY.DE - Expense Ratio Comparison
XUHE.DE has a 0.25% expense ratio, which is higher than UDHY.DE's 0.20% 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. UDHY.DE - Dividend Comparison
XUHE.DE has not paid dividends to shareholders, while UDHY.DE's dividend yield for the trailing twelve months is around 5.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 5.34% | 8.01% | 7.25% | 6.34% | 1.63% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUHE.DE and UDHY.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XUHE.DE.
XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while UDHY.DE tracks ICE BofAML US High Yield Constrained. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUHE.DE and 0.20% for UDHY.DE.
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