XUHE.DE vs. UEEF.DE
XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged) while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, XUHE.DE returned 6.61%/yr vs 6.52%/yr for UEEF.DE. A 0.58 correlation means they provide meaningful diversification when combined. XUHE.DE charges 0.25%/yr vs 0.27%/yr for UEEF.DE.
Performance
XUHE.DE vs. UEEF.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 UEEF.DE's 0.70% return.
XUHE.DE
- 1D
- -0.12%
- 1M
- 0.30%
- 6M
- 1.21%
- YTD
- 1.21%
- 1Y
- 3.98%
- 3Y*
- 6.61%
- 5Y*
- —
- 10Y*
- —
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 10Y*
- —
XUHE.DE vs. UEEF.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% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 0.93% |
Correlation
The correlation between XUHE.DE and UEEF.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.58 |
The correlation between XUHE.DE and UEEF.DE shifts across timeframes, from 0.58 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUHE.DE vs. UEEF.DE — Risk / Return Rank
XUHE.DE
UEEF.DE
XUHE.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.15 | +0.17 |
| Martin ratioReturn relative to average drawdown | 6.17 | 4.84 | +1.32 |
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Drawdowns
XUHE.DE vs. UEEF.DE - Drawdown Comparison
The maximum XUHE.DE drawdown since its inception was -17.56%, roughly equal to the maximum UEEF.DE drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and UEEF.DE.
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Drawdown Indicators
| XUHE.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -17.83% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.77% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -5.10% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.17% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -4.89% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.65% | -0.01% |
Volatility
XUHE.DE vs. UEEF.DE - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) and iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) have volatilities of 1.19% and 1.20%, 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.
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Volatility by Period
| XUHE.DE | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.20% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 3.80% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.53% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 7.11% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 6.78% | +0.65% |
XUHE.DE vs. UEEF.DE - Expense Ratio Comparison
XUHE.DE has a 0.25% expense ratio, which is lower than UEEF.DE's 0.27% 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
XUHE.DE vs. UEEF.DE - Dividend Comparison
Neither XUHE.DE nor UEEF.DE has paid dividends to shareholders.
Frequently Asked Questions
XUHE.DE and UEEF.DE have a correlation of 0.73, 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 0.27% for UEEF.DE.
XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUHE.DE and 0.27% for UEEF.DE.
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