XZHE.DE vs. EUHI.DE
XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both European High Yield Bonds funds - XZHE.DE tracks the Bloomberg Pan Euro HY Euro TR EUR while EUHI.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. Both are passively managed. Over the past 3 years, XZHE.DE returned 6.40%/yr vs 6.36%/yr for EUHI.DE. Their correlation of 0.82 suggests significant overlap in exposure. XZHE.DE charges 0.25%/yr vs 0.50%/yr for EUHI.DE.
Performance
XZHE.DE vs. EUHI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHE.DE achieves a 0.54% return, which is significantly lower than EUHI.DE's 1.24% return.
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 10Y*
- —
XZHE.DE vs. EUHI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.54% | 5.48% | 5.98% | 9.94% | 2.99% |
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | 2.63% |
Correlation
The correlation between XZHE.DE and EUHI.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.82 |
The correlation between XZHE.DE and EUHI.DE shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XZHE.DE vs. EUHI.DE — Risk / Return Rank
XZHE.DE
EUHI.DE
XZHE.DE vs. EUHI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) and PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.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.
| XZHE.DE | EUHI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.24 | -0.32 |
| Martin ratioReturn relative to average drawdown | 3.44 | 5.48 | -2.04 |
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
| XZHE.DE | EUHI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.24 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.40 | +0.72 |
Drawdowns
XZHE.DE vs. EUHI.DE - Drawdown Comparison
The maximum XZHE.DE drawdown since its inception was -7.83%, smaller than the maximum EUHI.DE drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for XZHE.DE and EUHI.DE.
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Drawdown Indicators
| XZHE.DE | EUHI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.83% | -21.68% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -2.85% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -3.28% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.12% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -2.41% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.64% | +0.41% |
Volatility
XZHE.DE vs. EUHI.DE - Volatility Comparison
Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) has a higher volatility of 1.07% compared to PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) at 0.67%. This indicates that XZHE.DE's price experiences larger fluctuations and is considered to be riskier than EUHI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZHE.DE | EUHI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.67% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 2.38% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 2.83% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 4.50% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 6.21% | -0.56% |
XZHE.DE vs. EUHI.DE - Expense Ratio Comparison
XZHE.DE has a 0.25% expense ratio, which is lower than EUHI.DE's 0.50% expense ratio.
Dividends
XZHE.DE vs. EUHI.DE - Dividend Comparison
XZHE.DE has not paid dividends to shareholders, while EUHI.DE's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% |
XZHE.DE Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZHE.DE and EUHI.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for EUHI.DE.
XZHE.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while EUHI.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. They also come from different issuers: DWS and PIMCO. Their fees differ too: 0.25% for XZHE.DE and 0.50% for EUHI.DE.
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