XUHY.DE vs. IFED

Last updated Jun 5, 2026

XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, XUHY.DE returned 5.97%/yr vs 13.42%/yr for IFED. At a 0.38 correlation, their price movements are largely independent. XUHY.DE charges 0.20%/yr vs 0.45%/yr for IFED.

Performance

XUHY.DE vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUHY.DE is traded in EUR, while IFED is traded in USD. To make them comparable, the IFED values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUHY.DE achieves a 2.88% return, which is significantly higher than IFED's -2.04% 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*: —

IFED

• 1D: -0.18%
• 1M: 6.15%
• YTD: -2.04%
• 6M: -3.22%
• 1Y: 1.05%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

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

XUHY.DE vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	2.88%	-2.73%	12.71%	9.45%	-6.31%	4.40%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-2.04%	1.37%	31.16%	17.16%	4.64%	12.72%

Correlation

The correlation between XUHY.DE and IFED is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.38

Return for Risk

XUHY.DE vs. IFED — Risk / Return Rank

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

XUHY.DE

XUHY.DE Risk / Return Rank: 31
XUHY.DE Sharpe Ratio Rank: 28
XUHY.DE Sortino Ratio Rank: 27
XUHY.DE Omega Ratio Rank: 26
XUHY.DE Calmar Ratio Rank: 40
XUHY.DE Martin Ratio Rank: 36

IFED

IFED Risk / Return Rank: 11
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 11
IFED Martin Ratio Rank: 10

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.

XUHY.DE vs. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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	IFED	Difference
Sharpe ratio: Return per unit of total volatility	0.97	0.06	+0.91
Sortino ratio: Return per unit of downside risk	1.43	0.21	+1.22
Omega ratio: Gain probability vs. loss probability	1.18	1.03	+0.15
Calmar ratio: Return relative to maximum drawdown	1.97	0.07	+1.89
Martin ratio: Return relative to average drawdown	5.40	0.18	+5.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUHY.DE vs. IFED - Sharpe Ratio Comparison

The current XUHY.DE Sharpe Ratio is 0.97, which is higher than the IFED Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of XUHY.DE and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XUHY.DE	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.06	+0.91
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	0.68	-0.13

Drawdowns

XUHY.DE vs. IFED - Drawdown Comparison

The maximum XUHY.DE drawdown since its inception was -22.05%, smaller than the maximum IFED drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and IFED.

Drawdown Indicators

	XUHY.DE	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-26.13%	+4.08%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-14.44%	+11.41%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-26.13%	+14.10%
Max Drawdown (5Y) Largest decline over 5 years	-12.03%	—	—
Current Drawdown Current decline from peak	-3.13%	-9.05%	+5.92%
Average Drawdown Average peak-to-trough decline	-3.86%	-6.25%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	6.01%	-4.90%

Volatility

XUHY.DE vs. IFED - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) is 1.13%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 4.48%. This indicates that XUHY.DE experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUHY.DE	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	4.48%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	4.08%	13.06%	-8.98%
Volatility (1Y) Calculated over the trailing 1-year period	6.13%	16.67%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.51%	19.54%	-11.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	19.54%	-8.15%

XUHY.DE vs. IFED - Expense Ratio Comparison

XUHY.DE has a 0.20% expense ratio, which is lower than IFED's 0.45% expense ratio.

Dividends

XUHY.DE vs. IFED - Dividend Comparison

XUHY.DE's dividend yield for the trailing twelve months is around 6.62%, while IFED has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IFED ETRACS IFED Invest with the Fed TR Index ETN	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

Can I hold both XUHY.DE and IFED in my portfolio?

XUHY.DE and IFED have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUHY.DE or IFED?

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.

Which ETF is cheaper, XUHY.DE or IFED?

XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for IFED.

What is the main difference between XUHY.DE and IFED?

XUHY.DE is categorized as High Yield Bonds, while IFED is Leveraged Equities. XUHY.DE tracks Bloomberg US Corporate High Yield TR USD, while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.20% for XUHY.DE and 0.45% for IFED.