XYPL.DE vs. EHBA.DE
XYPL.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - XYPL.DE tracks the iBoxx® EUR Corporates Yield Plus while EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. Both are passively managed. Over the past 3 years, XYPL.DE returned 5.27%/yr vs 8.01%/yr for EHBA.DE. A 0.52 correlation means they provide meaningful diversification when combined. XYPL.DE charges 0.25%/yr vs 0.39%/yr for EHBA.DE.
Performance
XYPL.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XYPL.DE achieves a 0.60% return, which is significantly lower than EHBA.DE's 0.92% return.
XYPL.DE
- 1D
- 0.00%
- 1M
- -0.54%
- 6M
- -0.05%
- YTD
- 0.60%
- 1Y
- 1.64%
- 3Y*
- 5.27%
- 5Y*
- —
- 10Y*
- —
EHBA.DE
- 1D
- 0.07%
- 1M
- -0.46%
- 6M
- 0.55%
- YTD
- 0.92%
- 1Y
- 3.13%
- 3Y*
- 8.01%
- 5Y*
- 1.71%
- 10Y*
- —
XYPL.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XYPL.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 0.60% | 3.49% | 5.30% | 9.38% | -0.53% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.92% | 5.24% | 10.78% | 9.40% | -0.39% |
Correlation
The correlation between XYPL.DE and EHBA.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2022 | 0.52 |
The correlation between XYPL.DE and EHBA.DE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
XYPL.DE vs. EHBA.DE — Risk / Return Rank
XYPL.DE
EHBA.DE
XYPL.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XYPL.DE) and Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.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.
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.
| XYPL.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.84 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.76 | 2.95 | -1.19 |
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Drawdowns
XYPL.DE vs. EHBA.DE - Drawdown Comparison
The maximum XYPL.DE drawdown since its inception was -9.99%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for XYPL.DE and EHBA.DE.
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Drawdown Indicators
| XYPL.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.99% | -20.61% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.72% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -3.09% | -3.72% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | -1.14% | -1.01% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -5.49% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.06% | -0.13% |
Volatility
XYPL.DE vs. EHBA.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XYPL.DE) is 1.00%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.07%. This indicates that XYPL.DE experiences smaller price fluctuations and is considered to be less risky than EHBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYPL.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.07% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 3.70% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 4.21% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 5.04% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 4.83% | -0.20% |
XYPL.DE vs. EHBA.DE - Expense Ratio Comparison
XYPL.DE has a 0.25% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
XYPL.DE vs. EHBA.DE - Dividend Comparison
Neither XYPL.DE nor EHBA.DE has paid dividends to shareholders.
Frequently Asked Questions
XYPL.DE and EHBA.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYPL.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYPL.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for EHBA.DE.
XYPL.DE tracks iBoxx® EUR Corporates Yield Plus, while EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XYPL.DE and 0.39% for EHBA.DE.
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