XZHE.DE vs. XDEV.DE
XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and XDEV.DE (Xtrackers MSCI World Value 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 XDEV.DE is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, XZHE.DE returned 6.40%/yr vs 26.76%/yr for XDEV.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
XZHE.DE vs. XDEV.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 XDEV.DE's 35.07% return.
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
XDEV.DE
- 1D
- -0.89%
- 1M
- 11.02%
- YTD
- 35.07%
- 6M
- 38.05%
- 1Y
- 63.16%
- 3Y*
- 26.76%
- 5Y*
- 17.35%
- 10Y*
- 12.35%
XZHE.DE vs. XDEV.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% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 35.07% | 24.76% | 11.62% | 15.67% | -1.32% |
Correlation
The correlation between XZHE.DE and XDEV.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.61 |
The correlation between XZHE.DE and XDEV.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
XZHE.DE vs. XDEV.DE — Risk / Return Rank
XZHE.DE
XDEV.DE
XZHE.DE vs. XDEV.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 Value Factor UCITS ETF 1C (XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.71 | ||
| Sortino ratioReturn per unit of downside risk | -4.84 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.81 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 10.38 | -9.46 |
| Martin ratioReturn relative to average drawdown | 3.44 | 39.12 | -35.68 |
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 | XDEV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 4.52 | -3.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.71 | +0.41 |
Drawdowns
XZHE.DE vs. XDEV.DE - Drawdown Comparison
The maximum XZHE.DE drawdown since its inception was -7.83%, smaller than the maximum XDEV.DE drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for XZHE.DE and XDEV.DE.
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Drawdown Indicators
| XZHE.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.83% | -35.28% | +27.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -6.05% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -18.02% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.28% | — |
Current DrawdownCurrent decline from peak | -0.55% | -1.07% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -5.56% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.61% | -0.56% |
Volatility
XZHE.DE vs. XDEV.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 Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 5.77%. This indicates that XZHE.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 5.77% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 11.20% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 13.89% | -9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 13.96% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 15.90% | -10.25% |
XZHE.DE vs. XDEV.DE - Expense Ratio Comparison
Both XZHE.DE and XDEV.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. XDEV.DE - Dividend Comparison
Neither XZHE.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHE.DE and XDEV.DE have a correlation of 0.56, 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 XDEV.DE have the same expense ratio: 0.25% per year.
XZHE.DE is categorized as European High Yield Bonds, while XDEV.DE is Global Equities. XZHE.DE tracks Bloomberg Pan Euro HY Euro TR EUR, while XDEV.DE tracks MSCI ACWI Value NR USD.
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