XUHY.DE vs. ZFH.TO
XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and ZFH.TO (BMO Floating Rate High Yield ETF) are both High Yield Bonds funds. XUHY.DE is passively managed, while ZFH.TO is actively managed. Over the past 5 years, XUHY.DE returned 4.92%/yr vs 4.72%/yr for ZFH.TO. At a 0.37 correlation, their price movements are largely independent. XUHY.DE charges 0.20%/yr vs 0.40%/yr for ZFH.TO.
Performance
XUHY.DE vs. ZFH.TO - Performance Comparison
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Different Trading Currencies
XUHY.DE is traded in EUR, while ZFH.TO is traded in CAD. To make them comparable, the ZFH.TO 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 ZFH.TO's 1.98% 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*
- —
ZFH.TO
- 1D
- -0.26%
- 1M
- -0.49%
- YTD
- 1.98%
- 6M
- 0.86%
- 1Y
- 2.55%
- 3Y*
- 5.21%
- 5Y*
- 4.72%
- 10Y*
- 4.47%
XUHY.DE vs. ZFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.88% | -2.73% | 12.71% | 9.45% | -6.31% | 12.25% | -3.27% | 18.69% | 6.72% |
ZFH.TO BMO Floating Rate High Yield ETF | 1.98% | -2.53% | 9.52% | 12.65% | -1.84% | 13.40% | -10.08% | 19.31% | 1.51% |
Correlation
The correlation between XUHY.DE and ZFH.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.37 |
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Return for Risk
XUHY.DE vs. ZFH.TO — Risk / Return Rank
XUHY.DE
ZFH.TO
XUHY.DE vs. ZFH.TO - 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 BMO Floating Rate High Yield ETF (ZFH.TO). 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 | ZFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 0.72 | +1.24 |
| Martin ratioReturn relative to average drawdown | 5.40 | 1.78 | +3.62 |
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 | ZFH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.38 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.49 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.39 | +0.16 |
Drawdowns
XUHY.DE vs. ZFH.TO - Drawdown Comparison
The maximum XUHY.DE drawdown since its inception was -22.05%, smaller than the maximum ZFH.TO drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and ZFH.TO.
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Drawdown Indicators
| XUHY.DE | ZFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -27.51% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.18% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.03% | -11.61% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -11.61% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.51% | — |
Current DrawdownCurrent decline from peak | -3.13% | -2.86% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -4.83% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.29% | -0.18% |
Volatility
XUHY.DE vs. ZFH.TO - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) and BMO Floating Rate High Yield ETF (ZFH.TO) 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 | ZFH.TO | 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% | 4.07% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.97% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 9.63% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 11.59% | -0.20% |
XUHY.DE vs. ZFH.TO - Expense Ratio Comparison
XUHY.DE has a 0.20% expense ratio, which is lower than ZFH.TO's 0.40% expense ratio.
Dividends
XUHY.DE vs. ZFH.TO - Dividend Comparison
XUHY.DE's dividend yield for the trailing twelve months is around 6.62%, more than ZFH.TO's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
ZFH.TO BMO Floating Rate High Yield ETF | 5.21% | 5.52% | 7.72% | 6.98% | 4.75% | 4.48% | 4.51% | 4.27% | 4.45% | 4.58% | 4.64% | 4.94% |
Frequently Asked Questions
XUHY.DE and ZFH.TO have a correlation of 0.32, 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 0.40% for ZFH.TO.
They also come from different issuers: Xtrackers and BMO. Their fees differ too: 0.20% for XUHY.DE and 0.40% for ZFH.TO.
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