XUHY.DE vs. WINC.AS

Last updated Jul 21, 2026

XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while WINC.AS is a Global Equity Income fund actively managed by iShares. XUHY.DE is passively managed, while WINC.AS is actively managed. Over the past year, XUHY.DE returned 8.36% vs 23.57% for WINC.AS. At a 0.38 correlation, their price movements are largely independent. XUHY.DE charges 0.20%/yr vs 0.35%/yr for WINC.AS.

Performance

XUHY.DE vs. WINC.AS - 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 iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUHY.DE is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 4.93% return, which is significantly lower than WINC.AS's 12.38% return.

XUHY.DE

• 1D: 0.27%
• 1M: 0.36%
• 6M: 3.72%
• YTD: 4.93%
• 1Y: 8.36%
• 3Y*: 7.32%
• 5Y*: 4.48%
• 10Y*: —
• ALL TIME*: 3.22%

WINC.AS

• 1D: 0.00%
• 1M: 1.07%
• 6M: 11.65%
• YTD: 12.38%
• 1Y: 23.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.12%

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

XUHY.DE vs. WINC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	4.93%	-2.75%	9.19%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	12.38%	7.13%	12.49%

Correlation

The correlation between XUHY.DE and WINC.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.38

Return for Risk

XUHY.DE vs. WINC.AS — 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: 61
XUHY.DE Sharpe Ratio Rank: 56
XUHY.DE Sortino Ratio Rank: 57
XUHY.DE Omega Ratio Rank: 53
XUHY.DE Calmar Ratio Rank: 72
XUHY.DE Martin Ratio Rank: 64

WINC.AS

WINC.AS Risk / Return Rank: 83
WINC.AS Sharpe Ratio Rank: 82
WINC.AS Sortino Ratio Rank: 86
WINC.AS Omega Ratio Rank: 80
WINC.AS Calmar Ratio Rank: 81
WINC.AS Martin Ratio Rank: 86

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. WINC.AS - 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 iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). 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.

	XUHY.DE	WINC.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.09	-0.68
Sortino ratio: Return per unit of downside risk	2.07	3.00	-0.93
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	2.70	5.46	-2.76
Martin ratio: Return relative to average drawdown	8.31	19.58	-11.27

XUHY.DE vs. WINC.AS - Sharpe Ratio Comparison

The current XUHY.DE Sharpe Ratio is 1.41, which is lower than the WINC.AS Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XUHY.DE and WINC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XUHY.DE vs. WINC.AS - Drawdown Comparison

The maximum XUHY.DE drawdown since its inception was -22.06%, which is greater than WINC.AS's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and WINC.AS.

Drawdown Indicators

	XUHY.DE	WINC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-18.74%	-3.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-4.26%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.04%	—	—
Current Drawdown Current decline from peak	-1.20%	-0.99%	-0.21%
Average Drawdown Average peak-to-trough decline	-5.37%	-2.67%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	1.19%	-0.19%

Volatility

XUHY.DE vs. WINC.AS - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) is 1.27%, while iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a volatility of 2.81%. This indicates that XUHY.DE experiences smaller price fluctuations and is considered to be less risky than WINC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUHY.DE	WINC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	2.81%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	3.93%	8.57%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	5.91%	11.16%	-5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	13.31%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	13.31%	-0.62%

XUHY.DE vs. WINC.AS - Expense Ratio Comparison

XUHY.DE has a 0.20% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.

Dividends

XUHY.DE vs. WINC.AS - Dividend Comparison

XUHY.DE's dividend yield for the trailing twelve months is around 6.49%, less than WINC.AS's 9.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	9.88%	9.38%	4.88%	0.00%	0.00%	0.00%	0.00%	0.00%
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	6.49%	6.60%	7.39%	6.02%	6.13%	9.09%	5.94%	4.80%

Frequently Asked Questions

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

XUHY.DE and WINC.AS have a correlation of 0.29, 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 WINC.AS?

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 WINC.AS?

XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for WINC.AS.

What is the main difference between XUHY.DE and WINC.AS?

XUHY.DE is categorized as High Yield Bonds, while WINC.AS is Global Equity Income. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XUHY.DE and 0.35% for WINC.AS.