XZHE.L vs. RM8U.DE

Last updated Jun 5, 2026

XZHE.L (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both exchange-traded funds - XZHE.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while RM8U.DE is a Precious Metals fund tracking the Gold. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. XZHE.L charges 0.25%/yr vs 0.22%/yr for RM8U.DE.

Performance

XZHE.L vs. RM8U.DE - 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 HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XZHE.L

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

RM8U.DE

• 1D: 0.59%
• 1M: -3.60%
• YTD: 2.70%
• 6M: 6.12%
• 1Y: 30.96%
• 3Y*: 27.86%
• 5Y*: 19.57%
• 10Y*: —

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

XZHE.L vs. RM8U.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C	-0.54%	5.46%	5.93%	9.90%	3.05%
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC	2.70%	48.89%	34.03%	9.20%	-1.20%

Correlation

The correlation between XZHE.L and RM8U.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022	0.02

Return for Risk

XZHE.L vs. RM8U.DE — Risk / Return Rank

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

RM8U.DE

RM8U.DE Risk / Return Rank: 36
RM8U.DE Sharpe Ratio Rank: 37
RM8U.DE Sortino Ratio Rank: 33
RM8U.DE Omega Ratio Rank: 40
RM8U.DE Calmar Ratio Rank: 37
RM8U.DE Martin Ratio Rank: 31

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. RM8U.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.L) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.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.

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

Sharpe Ratios by Period

	XZHE.L	RM8U.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.01	—

Drawdowns

Drawdown Indicators

	XZHE.L	RM8U.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.51%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.54%	—
Current Drawdown Current decline from peak	—	-15.01%	—
Average Drawdown Average peak-to-trough decline	—	-6.13%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.55%	—

Volatility

Volatility by Period

	XZHE.L	RM8U.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.17%	—

XZHE.L vs. RM8U.DE - Expense Ratio Comparison

XZHE.L has a 0.25% expense ratio, which is higher than RM8U.DE's 0.22% 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.L vs. RM8U.DE - Dividend Comparison

Neither XZHE.L nor RM8U.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZHE.L and RM8U.DE in my portfolio?

XZHE.L and RM8U.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZHE.L or RM8U.DE?

On fees, RM8U.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZHE.L or RM8U.DE?

RM8U.DE is cheaper with a 0.22% expense ratio, compared with 0.25% for XZHE.L.

What is the main difference between XZHE.L and RM8U.DE?

XZHE.L is categorized as European High Yield Bonds, while RM8U.DE is Precious Metals. XZHE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while RM8U.DE tracks Gold. They also come from different issuers: DWS and HANetf. Their fees differ too: 0.25% for XZHE.L and 0.22% for RM8U.DE.