XYP1.DE vs. LQDH
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both exchange-traded funds - XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while LQDH is a Corporate Bonds fund actively managed by iShares. XYP1.DE is passively managed, while LQDH is actively managed. Over the past 10 years, XYP1.DE returned 0.59%/yr vs 4.37%/yr for LQDH. At a 0.04 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 0.25%/yr for LQDH.
Performance
XYP1.DE vs. LQDH - Performance Comparison
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Different Trading Currencies
XYP1.DE is traded in EUR, while LQDH is traded in USD. To make them comparable, the LQDH values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYP1.DE achieves a 0.19% return, which is significantly lower than LQDH's 4.14% return. Over the past 10 years, XYP1.DE has underperformed LQDH with an annualized return of 0.59%, while LQDH has yielded a comparatively higher 4.37% annualized return.
XYP1.DE
- 1D
- 0.13%
- 1M
- 0.42%
- YTD
- 0.19%
- 6M
- 0.41%
- 1Y
- 0.95%
- 3Y*
- 2.90%
- 5Y*
- 0.88%
- 10Y*
- 0.59%
LQDH
- 1D
- 0.33%
- 1M
- 2.18%
- YTD
- 4.14%
- 6M
- 4.77%
- 1Y
- 7.57%
- 3Y*
- 5.61%
- 5Y*
- 6.23%
- 10Y*
- 4.37%
XYP1.DE vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.19% | 2.36% | 3.44% | 3.76% | -4.63% | -0.71% | 0.54% | 1.24% | -0.04% | -0.30% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 4.14% | -5.70% | 14.53% | 7.81% | 4.20% | 9.46% | -6.70% | 11.98% | 2.39% | -7.02% |
Correlation
The correlation between XYP1.DE and LQDH is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.04 |
The correlation between XYP1.DE and LQDH shifts across timeframes, from -0.24 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XYP1.DE vs. LQDH — Risk / Return Rank
XYP1.DE
LQDH
XYP1.DE vs. LQDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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.
| XYP1.DE | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.21 | -1.53 |
| Martin ratioReturn relative to average drawdown | 2.11 | 6.12 | -4.02 |
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Drawdowns
XYP1.DE vs. LQDH - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum LQDH drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and LQDH.
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Drawdown Indicators
| XYP1.DE | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -23.50% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -3.43% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -12.59% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -12.59% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | -23.50% | +17.73% |
Current DrawdownCurrent decline from peak | -0.46% | -3.32% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -4.79% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.24% | -0.79% |
Volatility
XYP1.DE vs. LQDH - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.49%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 1.16%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYP1.DE | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.16% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 4.33% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 6.40% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 8.06% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 9.17% | -7.16% |
XYP1.DE vs. LQDH - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than LQDH's 0.25% 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
XYP1.DE vs. LQDH - Dividend Comparison
XYP1.DE has not paid dividends to shareholders, while LQDH's dividend yield for the trailing twelve months is around 5.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.93% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYP1.DE and LQDH have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for LQDH.
XYP1.DE is categorized as European Government Bonds, while LQDH is Corporate Bonds. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XYP1.DE and 0.25% for LQDH.
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