XZHE.DE vs. XHYG.DE
XZHE.DE (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and XHYG.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D) are both European High Yield Bonds funds tracking the Bloomberg Pan Euro HY Euro TR EUR, from DWS and Xtrackers respectively. Both are passively managed. Over the past 3 years, XZHE.DE returned 6.40%/yr vs 6.42%/yr for XHYG.DE. Their correlation of 0.86 suggests significant overlap in exposure. XZHE.DE charges 0.25%/yr vs 0.20%/yr for XHYG.DE.
Performance
XZHE.DE vs. XHYG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XZHE.DE achieves a 0.54% return, which is significantly lower than XHYG.DE's 1.00% return.
XZHE.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 0.54%
- 6M
- 0.98%
- 1Y
- 3.81%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
XHYG.DE
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 1.00%
- 6M
- 1.35%
- 1Y
- 3.43%
- 3Y*
- 6.42%
- 5Y*
- 2.78%
- 10Y*
- 3.16%
XZHE.DE vs. XHYG.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% |
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 1.00% | 4.63% | 6.16% | 11.48% | 4.10% |
Correlation
The correlation between XZHE.DE and XHYG.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.86 |
The correlation between XZHE.DE and XHYG.DE shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XZHE.DE vs. XHYG.DE — Risk / Return Rank
XZHE.DE
XHYG.DE
XZHE.DE vs. XHYG.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 EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.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 | XHYG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.22 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.44 | 5.17 | -1.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XZHE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.97 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.44 | +0.68 |
Drawdowns
XZHE.DE vs. XHYG.DE - Drawdown Comparison
The maximum XZHE.DE drawdown since its inception was -7.83%, smaller than the maximum XHYG.DE drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for XZHE.DE and XHYG.DE.
Loading charts...
Drawdown Indicators
| XZHE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.83% | -24.00% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -2.81% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -3.64% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.00% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.11% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -2.34% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.67% | +0.38% |
Volatility
XZHE.DE vs. XHYG.DE - Volatility Comparison
The current volatility for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.DE) is 1.07%, while Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.DE) has a volatility of 1.15%. This indicates that XZHE.DE experiences smaller price fluctuations and is considered to be less risky than XHYG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XZHE.DE | XHYG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.15% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 3.10% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 3.53% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.45% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 7.17% | -1.52% |
XZHE.DE vs. XHYG.DE - Expense Ratio Comparison
XZHE.DE has a 0.25% expense ratio, which is higher than XHYG.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XZHE.DE vs. XHYG.DE - Dividend Comparison
XZHE.DE has not paid dividends to shareholders, while XHYG.DE's dividend yield for the trailing twelve months is around 4.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XHYG.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D | 4.93% | 4.75% | 5.48% | 3.95% | 3.70% | 5.75% | 2.27% | 3.54% | 5.11% | 3.71% | 1.25% |
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% | 0.00% |
Frequently Asked Questions
XZHE.DE and XHYG.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYG.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYG.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XZHE.DE.
Both ETFs track Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: DWS and Xtrackers. Their fees differ too: 0.25% for XZHE.DE and 0.20% for XHYG.DE.
Find the right allocation for XZHE.DE and XHYG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer