XWQS.L vs. DHYG.L
XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index, while DHYG.L is a High Yield Bonds fund tracking the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD). Both are passively managed. Over the past 3 years, XWQS.L returned 18.11%/yr vs 7.76%/yr for DHYG.L. At a 0.37 correlation, their price movements are largely independent. XWQS.L charges 0.25%/yr vs 0.27%/yr for DHYG.L.
Performance
XWQS.L vs. DHYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWQS.L achieves a 12.26% return, which is significantly higher than DHYG.L's 1.35% return.
XWQS.L
- 1D
- 0.00%
- 1M
- 1.28%
- 6M
- 8.25%
- YTD
- 12.26%
- 1Y
- 26.75%
- 3Y*
- 18.11%
- 5Y*
- —
- 10Y*
- —
DHYG.L
- 1D
- -0.24%
- 1M
- 0.00%
- 6M
- 1.12%
- YTD
- 1.35%
- 1Y
- 5.44%
- 3Y*
- 7.76%
- 5Y*
- —
- 10Y*
- —
XWQS.L vs. DHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 12.26% | 9.12% | 20.95% | -12.78% |
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 1.35% | 8.70% | 7.73% | 6.70% |
Correlation
The correlation between XWQS.L and DHYG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.37 |
The correlation between XWQS.L and DHYG.L shifts across timeframes, from 0.37 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XWQS.L vs. DHYG.L — Risk / Return Rank
XWQS.L
DHYG.L
XWQS.L vs. DHYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) and iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.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.
| XWQS.L | DHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.03 | -0.99 |
| Martin ratioReturn relative to average drawdown | 1.53 | 8.62 | -7.09 |
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Drawdowns
XWQS.L vs. DHYG.L - Drawdown Comparison
The maximum XWQS.L drawdown since its inception was -25.70%, which is greater than DHYG.L's maximum drawdown of -17.27%. Use the drawdown chart below to compare losses from any high point for XWQS.L and DHYG.L.
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Drawdown Indicators
| XWQS.L | DHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -17.27% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -25.70% | -2.67% | -23.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.70% | -4.39% | -21.31% |
Current DrawdownCurrent decline from peak | -13.30% | -0.47% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -4.90% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.48% | 0.63% | +16.85% |
Volatility
XWQS.L vs. DHYG.L - Volatility Comparison
Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) has a higher volatility of 3.38% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.L) at 0.80%. This indicates that XWQS.L's price experiences larger fluctuations and is considered to be riskier than DHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWQS.L | DHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 0.80% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 3.09% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.31% | 4.05% | +39.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 6.88% | +23.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.20% | 6.88% | +23.32% |
XWQS.L vs. DHYG.L - Expense Ratio Comparison
XWQS.L has a 0.25% expense ratio, which is lower than DHYG.L's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XWQS.L vs. DHYG.L - Dividend Comparison
XWQS.L has not paid dividends to shareholders, while DHYG.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 6.81% | 6.70% | 7.02% | 6.41% | 6.51% |
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XWQS.L and DHYG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWQS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWQS.L is cheaper with a 0.25% expense ratio, compared with 0.27% for DHYG.L.
XWQS.L is categorized as ESG, while DHYG.L is High Yield Bonds. XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index, while DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWQS.L and 0.27% for DHYG.L.
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