XZHE.L vs. HYGU.L

Last updated Jul 18, 2026

XZHE.L (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)) are both European High Yield Bonds funds - XZHE.L tracks the Bloomberg Pan Euro HY Euro TR EUR while HYGU.L tracks the Markit iBoxx Euro Liquid High Yield Index (EUR). Both are passively managed. XZHE.L charges 0.25%/yr vs 0.55%/yr for HYGU.L.

Performance

XZHE.L vs. HYGU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) and iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XZHE.L is traded in EUR, while HYGU.L is traded in USD. To make them comparable, the HYGU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

XZHE.L

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYGU.L

• 1D: -0.10%
• 1M: 0.69%
• 6M: 3.50%
• YTD: 4.81%
• 1Y: 6.54%
• 3Y*: 7.35%
• 5Y*: 5.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XZHE.L vs. HYGU.L - Yearly Performance Comparison

	2026 (YTD)
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C	0.00%
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)	4.11%

Return for Risk

XZHE.L vs. HYGU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XZHE.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HYGU.L

HYGU.L Risk / Return Rank: 64
HYGU.L Sharpe Ratio Rank: 61
HYGU.L Sortino Ratio Rank: 72
HYGU.L Omega Ratio Rank: 72
HYGU.L Calmar Ratio Rank: 51
HYGU.L Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XZHE.L vs. HYGU.L - 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.L) and iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L). 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.

	XZHE.L	HYGU.L	Difference
Sharpe ratio: Return per unit of total volatility	—	1.01	—
Sortino ratio: Return per unit of downside risk	—	1.45	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.95	—
Martin ratio: Return relative to average drawdown	—	5.05	—

Drawdowns

Drawdown Indicators

	XZHE.L	HYGU.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-25.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.30%	—
Current Drawdown Current decline from peak	—	-2.54%	—
Average Drawdown Average peak-to-trough decline	—	-3.94%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.29%	—

Volatility

Volatility by Period

	XZHE.L	HYGU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.31%	—

XZHE.L vs. HYGU.L - Expense Ratio Comparison

XZHE.L has a 0.25% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.

Dividends

XZHE.L vs. HYGU.L - Dividend Comparison

Neither XZHE.L nor HYGU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, XZHE.L or HYGU.L?

On fees, XZHE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZHE.L or HYGU.L?

XZHE.L is cheaper with a 0.25% expense ratio, compared with 0.55% for HYGU.L.

What is the main difference between XZHE.L and HYGU.L?

XZHE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while HYGU.L tracks Markit iBoxx Euro Liquid High Yield Index (EUR). They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XZHE.L and 0.55% for HYGU.L.