XYP1.DE vs. XHYA.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS 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 XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, XYP1.DE returned 0.84%/yr vs 2.70%/yr for XHYA.DE. At a 0.24 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 0.20%/yr for XHYA.DE.
Performance
XYP1.DE vs. XHYA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XYP1.DE achieves a -0.03% return, which is significantly lower than XHYA.DE's 1.14% return.
XYP1.DE
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- -0.03%
- 6M
- 0.19%
- 1Y
- 0.84%
- 3Y*
- 2.81%
- 5Y*
- 0.84%
- 10Y*
- 0.56%
XHYA.DE
- 1D
- 0.22%
- 1M
- 0.47%
- YTD
- 1.14%
- 6M
- 1.52%
- 1Y
- 3.26%
- 3Y*
- 6.15%
- 5Y*
- 2.70%
- 10Y*
- —
XYP1.DE vs. XHYA.DE - 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 | -0.03% | 2.36% | 3.44% | 3.76% | -4.63% | -0.71% | 0.54% | 1.24% | -0.04% | 0.10% |
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.14% | 4.45% | 6.15% | 10.88% | -8.84% | 2.99% | 2.01% | 9.70% | -3.64% | 4.00% |
Correlation
The correlation between XYP1.DE and XHYA.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.24 |
The correlation between XYP1.DE and XHYA.DE shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XYP1.DE vs. XHYA.DE — Risk / Return Rank
XYP1.DE
XHYA.DE
XYP1.DE vs. XHYA.DE - 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 Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.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.
| XYP1.DE | XHYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.15 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.87 | 4.71 | -2.83 |
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
| XYP1.DE | XHYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.89 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.49 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.45 | 0.00 |
Drawdowns
XYP1.DE vs. XHYA.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum XHYA.DE drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and XHYA.DE.
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Drawdown Indicators
| XYP1.DE | XHYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -23.83% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.86% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -4.25% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -14.49% | +8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -0.19% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -2.52% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.70% | -0.25% |
Volatility
XYP1.DE vs. XHYA.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.48%, while Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) has a volatility of 1.09%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky than XHYA.DE 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 | XHYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.09% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 3.26% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 3.70% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 5.47% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 6.55% | -4.54% |
XYP1.DE vs. XHYA.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than XHYA.DE's 0.20% 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. XHYA.DE - Dividend Comparison
Neither XYP1.DE nor XHYA.DE has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and XHYA.DE have a correlation of 0.39, 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 0.20% for XHYA.DE.
XYP1.DE is categorized as European Government Bonds, while XHYA.DE is European High Yield Bonds. XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while XHYA.DE tracks iBoxx® EUR Liquid High Yield. Their fees differ too: 0.15% for XYP1.DE and 0.20% for XHYA.DE.
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