XZHE.DE vs. XDEM.DE
XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - XZHE.DE is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 3 years, XZHE.DE returned 6.40%/yr vs 26.15%/yr for XDEM.DE. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
XZHE.DE vs. XDEM.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 XDEM.DE's 22.76% return.
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
XDEM.DE
- 1D
- -0.95%
- 1M
- 6.77%
- YTD
- 22.76%
- 6M
- 23.63%
- 1Y
- 31.42%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
XZHE.DE vs. XDEM.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% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 8.17% | 0.58% |
Correlation
The correlation between XZHE.DE and XDEM.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.46 |
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Return for Risk
XZHE.DE vs. XDEM.DE — Risk / Return Rank
XZHE.DE
XDEM.DE
XZHE.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.47 | -2.55 |
| Martin ratioReturn relative to average drawdown | 3.44 | 13.27 | -9.83 |
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
| XZHE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.86 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.90 | +0.22 |
Drawdowns
XZHE.DE vs. XDEM.DE - Drawdown Comparison
The maximum XZHE.DE drawdown since its inception was -7.83%, smaller than the maximum XDEM.DE drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for XZHE.DE and XDEM.DE.
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Drawdown Indicators
| XZHE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.83% | -30.93% | +23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -9.05% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -23.51% | +19.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.93% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.95% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -5.97% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.36% | -1.31% |
Volatility
XZHE.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) is 1.07%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 5.80%. This indicates that XZHE.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 5.80% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 14.20% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 16.85% | -12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 17.30% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 17.85% | -12.20% |
XZHE.DE vs. XDEM.DE - Expense Ratio Comparison
Both XZHE.DE and XDEM.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XZHE.DE vs. XDEM.DE - Dividend Comparison
Neither XZHE.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHE.DE and XDEM.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XZHE.DE and XDEM.DE have the same expense ratio: 0.25% per year.
XZHE.DE is categorized as European High Yield Bonds, while XDEM.DE is Momentum. XZHE.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while XDEM.DE tracks MSCI World Momentum Index.
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