XWEV.L vs. HIGH.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select, while HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 3 years, XWEV.L returned 21.57%/yr vs 7.11%/yr for HIGH.L. A 0.53 correlation means they provide meaningful diversification when combined. XWEV.L charges 0.25%/yr vs 0.50%/yr for HIGH.L.
Performance
XWEV.L vs. HIGH.L - Performance Comparison
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Different Trading Currencies
XWEV.L is traded in USD, while HIGH.L is traded in EUR. To make them comparable, the HIGH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWEV.L achieves a 15.20% return, which is significantly higher than HIGH.L's -1.58% return.
XWEV.L
- 1D
- 0.00%
- 1M
- -2.02%
- 6M
- 13.83%
- YTD
- 15.20%
- 1Y
- 38.07%
- 3Y*
- 21.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.24%
HIGH.L
- 1D
- -0.22%
- 1M
- -0.51%
- 6M
- -0.58%
- YTD
- -1.58%
- 1Y
- 1.23%
- 3Y*
- 7.11%
- 5Y*
- 2.07%
- 10Y*
- —
- ALL TIME*
- 2.13%
XWEV.L vs. HIGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 15.20% | 38.58% | 6.98% | 7.84% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | -1.58% | 18.98% | -0.83% | 8.84% |
Correlation
The correlation between XWEV.L and HIGH.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.53 |
The correlation between XWEV.L and HIGH.L has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. HIGH.L — Risk / Return Rank
XWEV.L
HIGH.L
XWEV.L vs. HIGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L). 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.
| XWEV.L | HIGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.03 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.17 | +3.49 |
| Martin ratioReturn relative to average drawdown | 13.70 | 0.42 | +13.27 |
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Drawdowns
XWEV.L vs. HIGH.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum HIGH.L drawdown of -31.47%. Use the drawdown chart below to compare losses from any high point for XWEV.L and HIGH.L.
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Drawdown Indicators
| XWEV.L | HIGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -31.47% | +17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -7.40% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -7.61% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.19% | — |
Current DrawdownCurrent decline from peak | -3.42% | -4.45% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -8.35% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.89% | -0.12% |
Volatility
XWEV.L vs. HIGH.L - Volatility Comparison
Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) has a higher volatility of 4.25% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) at 1.49%. This indicates that XWEV.L's price experiences larger fluctuations and is considered to be riskier than HIGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWEV.L | HIGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 1.49% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 6.01% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 7.72% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 10.51% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 10.87% | +4.19% |
XWEV.L vs. HIGH.L - Expense Ratio Comparison
XWEV.L has a 0.25% expense ratio, which is lower than HIGH.L's 0.50% expense ratio.
Dividends
XWEV.L vs. HIGH.L - Dividend Comparison
Neither XWEV.L nor HIGH.L has paid dividends to shareholders.
Frequently Asked Questions
XWEV.L and HIGH.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.50% for HIGH.L.
XWEV.L is categorized as Global Equities, while HIGH.L is European High Yield Bonds. XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEV.L and 0.50% for HIGH.L.
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