XUHY.DE vs. XDEW.DE

Last updated Jul 16, 2026

XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XUHY.DE returned 4.52%/yr vs 9.45%/yr for XDEW.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

XUHY.DE vs. XDEW.DE - 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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUHY.DE achieves a 5.21% return, which is significantly lower than XDEW.DE's 14.15% return.

XUHY.DE

• 1D: 0.53%
• 1M: 1.71%
• 6M: 4.08%
• YTD: 5.21%
• 1Y: 8.46%
• 3Y*: 7.80%
• 5Y*: 4.52%
• 10Y*: —

XDEW.DE

• 1D: -0.02%
• 1M: 1.80%
• 6M: 10.18%
• YTD: 14.15%
• 1Y: 19.97%
• 3Y*: 12.88%
• 5Y*: 9.45%
• 10Y*: 11.05%

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

XUHY.DE vs. XDEW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	5.21%	-2.75%	12.70%	9.43%	-6.44%	12.44%	-3.26%	18.71%	-14.02%
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C	14.15%	-0.46%	18.66%	10.08%	-6.94%	41.59%	1.18%	31.27%	-2.18%

Correlation

The correlation between XUHY.DE and XDEW.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018	0.54

The correlation between XUHY.DE and XDEW.DE shifts across timeframes, from 0.37 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XUHY.DE vs. XDEW.DE — 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: 54
XUHY.DE Sharpe Ratio Rank: 48
XUHY.DE Sortino Ratio Rank: 49
XUHY.DE Omega Ratio Rank: 47
XUHY.DE Calmar Ratio Rank: 68
XUHY.DE Martin Ratio Rank: 59

XDEW.DE

XDEW.DE Risk / Return Rank: 76
XDEW.DE Sharpe Ratio Rank: 73
XDEW.DE Sortino Ratio Rank: 72
XDEW.DE Omega Ratio Rank: 71
XDEW.DE Calmar Ratio Rank: 87
XDEW.DE Martin Ratio Rank: 80

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. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.

	XUHY.DE	XDEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.87	-0.50
Sortino ratio: Return per unit of downside risk	2.02	2.61	-0.59
Omega ratio: Gain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratio: Return relative to maximum drawdown	2.73	3.93	-1.20
Martin ratio: Return relative to average drawdown	8.36	12.11	-3.75

XUHY.DE vs. XDEW.DE - Sharpe Ratio Comparison

The current XUHY.DE Sharpe Ratio is 1.37, which is comparable to the XDEW.DE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XUHY.DE and XDEW.DE, 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. XDEW.DE - Drawdown Comparison

The maximum XUHY.DE drawdown since its inception was -22.06%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and XDEW.DE.

Drawdown Indicators

	XUHY.DE	XDEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-38.79%	+16.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-5.06%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-12.04%	-22.70%	+10.66%
Max Drawdown (5Y) Largest decline over 5 years	-12.04%	-22.70%	+10.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.79%	—
Current Drawdown Current decline from peak	-0.94%	-0.92%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.38%	-5.33%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.65%	-0.64%

Volatility

XUHY.DE vs. XDEW.DE - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) is 1.46%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.73%. This indicates that XUHY.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUHY.DE	XDEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	2.73%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	6.91%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	6.19%	10.64%	-4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	14.91%	-6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	16.80%	-4.11%

XUHY.DE vs. XDEW.DE - Expense Ratio Comparison

Both XUHY.DE and XDEW.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XUHY.DE vs. XDEW.DE - Dividend Comparison

XUHY.DE's dividend yield for the trailing twelve months is around 6.47%, while XDEW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C	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	6.47%	6.60%	7.39%	6.02%	6.13%	9.09%	5.94%	4.80%

Frequently Asked Questions

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

XUHY.DE and XDEW.DE have a correlation of 0.37, 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 XDEW.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUHY.DE or XDEW.DE?

XUHY.DE and XDEW.DE have the same expense ratio: 0.20% per year.

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

XUHY.DE is categorized as High Yield Bonds, while XDEW.DE is S&P 500. XUHY.DE tracks Bloomberg US Corporate High Yield TR USD, while XDEW.DE tracks S&P 500 Equal Weight Index.