XUHY.DE vs. GB1E.DE
XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) are both High Yield Bonds funds - XUHY.DE tracks the Bloomberg US Corporate High Yield TR USD while GB1E.DE tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. Both are passively managed. Over the past 3 years, XUHY.DE returned 5.97%/yr vs 6.25%/yr for GB1E.DE. At a 0.27 correlation, their price movements are largely independent. XUHY.DE charges 0.20%/yr vs 0.30%/yr for GB1E.DE.
Performance
XUHY.DE vs. GB1E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUHY.DE achieves a 2.88% return, which is significantly higher than GB1E.DE's 0.54% return.
XUHY.DE
- 1D
- 0.08%
- 1M
- 1.22%
- YTD
- 2.88%
- 6M
- 2.54%
- 1Y
- 6.21%
- 3Y*
- 5.97%
- 5Y*
- 4.92%
- 10Y*
- —
GB1E.DE
- 1D
- -0.14%
- 1M
- -0.35%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.91%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
XUHY.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.88% | -2.73% | 12.71% | 7.82% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.54% | 5.84% | 5.89% | 6.21% |
Correlation
The correlation between XUHY.DE and GB1E.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 | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.27 |
The correlation between XUHY.DE and GB1E.DE shifts across timeframes, from 0.15 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUHY.DE vs. GB1E.DE — Risk / Return Rank
XUHY.DE
GB1E.DE
XUHY.DE vs. GB1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.
| XUHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.24 | +0.73 |
| Martin ratioReturn relative to average drawdown | 5.40 | 5.22 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XUHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.99 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.37 | -0.82 |
Drawdowns
XUHY.DE vs. GB1E.DE - Drawdown Comparison
The maximum XUHY.DE drawdown since its inception was -22.05%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and GB1E.DE.
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Drawdown Indicators
| XUHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -4.31% | -17.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.10% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.03% | -4.31% | -7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | — | — |
Current DrawdownCurrent decline from peak | -3.13% | -0.53% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -0.56% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.74% | +0.37% |
Volatility
XUHY.DE vs. GB1E.DE - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) have volatilities of 1.13% and 1.09%, 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
| XUHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.09% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.34% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 3.86% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 4.28% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 4.28% | +7.11% |
XUHY.DE vs. GB1E.DE - Expense Ratio Comparison
XUHY.DE has a 0.20% expense ratio, which is lower than GB1E.DE's 0.30% expense ratio.
Dividends
XUHY.DE vs. GB1E.DE - Dividend Comparison
XUHY.DE's dividend yield for the trailing twelve months is around 6.62%, while GB1E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.62% | 6.60% | 7.39% | 6.02% | 6.14% | 9.11% | 5.94% | 4.81% |
Frequently Asked Questions
XUHY.DE and GB1E.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, XUHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for GB1E.DE.
XUHY.DE tracks Bloomberg US Corporate High Yield TR USD, while GB1E.DE tracks Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XUHY.DE and 0.30% for GB1E.DE.
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