XZE5.DE vs. EHBA.DE
XZE5.DE (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - XZE5.DE tracks the Bloomberg Euro Corp TR EUR 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 5 years, XZE5.DE returned 1.06%/yr vs 1.70%/yr for EHBA.DE. At a 0.41 correlation, their price movements are largely independent. XZE5.DE charges 0.16%/yr vs 0.39%/yr for EHBA.DE.
Performance
XZE5.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZE5.DE achieves a 0.55% return, which is significantly lower than EHBA.DE's 0.88% return.
XZE5.DE
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.29%
- YTD
- 0.55%
- 1Y
- 1.25%
- 3Y*
- 3.81%
- 5Y*
- 1.06%
- 10Y*
- —
EHBA.DE
- 1D
- -0.04%
- 1M
- -0.22%
- 6M
- 0.24%
- YTD
- 0.88%
- 1Y
- 2.83%
- 3Y*
- 7.84%
- 5Y*
- 1.70%
- 10Y*
- —
XZE5.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZE5.DE Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C | 0.55% | 3.08% | 4.10% | 5.27% | -6.80% | -0.40% | 0.63% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.88% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
Correlation
The correlation between XZE5.DE and EHBA.DE 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 | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.41 |
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Return for Risk
XZE5.DE vs. EHBA.DE — Risk / Return Rank
XZE5.DE
EHBA.DE
XZE5.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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.
| XZE5.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.76 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.67 | 2.66 | 0.00 |
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Drawdowns
XZE5.DE vs. EHBA.DE - Drawdown Comparison
The maximum XZE5.DE drawdown since its inception was -8.73%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for XZE5.DE and EHBA.DE.
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Drawdown Indicators
| XZE5.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -20.61% | +11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -3.72% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.66% | -3.72% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -8.73% | -20.61% | +11.88% |
Current DrawdownCurrent decline from peak | -0.49% | -1.06% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -5.49% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.06% | -0.59% |
Volatility
XZE5.DE vs. EHBA.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE) is 0.56%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.07%. This indicates that XZE5.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
| XZE5.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.07% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 3.68% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 4.20% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 5.04% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 4.82% | -2.44% |
XZE5.DE vs. EHBA.DE - Expense Ratio Comparison
XZE5.DE has a 0.16% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
XZE5.DE vs. EHBA.DE - Dividend Comparison
Neither XZE5.DE nor EHBA.DE has paid dividends to shareholders.
Frequently Asked Questions
XZE5.DE and EHBA.DE 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, XZE5.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZE5.DE is cheaper with a 0.16% expense ratio, compared with 0.39% for EHBA.DE.
XZE5.DE tracks Bloomberg Euro Corp TR EUR, 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: 0.16% for XZE5.DE and 0.39% for EHBA.DE.
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