XZHE.L vs. SHYG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L).

XZHE.L and SHYG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XZHE.L is a passively managed fund by DWS that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Jun 22, 2022. SHYG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Sep 3, 2010. Both XZHE.L and SHYG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XZHE.L vs. SHYG.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 EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C	-1.36%	5.46%	5.93%	9.90%	3.05%
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	-3.71%	2.08%	5.84%	11.62%	3.73%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XZHE.L achieves a -1.36% return, which is significantly higher than SHYG.L's -3.71% return.

XZHE.L

• 1D: 0.99%
• 1M: -1.53%
• YTD: -1.36%
• 6M: -0.27%
• 1Y: 3.48%
• 3Y*: 5.90%
• 5Y*: —
• 10Y*: —

SHYG.L

• 1D: -12.35%
• 1M: -2.93%
• YTD: -3.71%
• 6M: -2.89%
• 1Y: -2.45%
• 3Y*: 4.08%
• 5Y*: 1.37%
• 10Y*: 2.53%

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

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

XZHE.L has a 0.25% expense ratio, which is lower than SHYG.L's 0.50% expense ratio.

SHYG.L

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)

XZHE.L

Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C

Return for Risk

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

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

XZHE.L

XZHE.L Risk / Return Rank: 41
XZHE.L Sharpe Ratio Rank: 42
XZHE.L Sortino Ratio Rank: 43
XZHE.L Omega Ratio Rank: 41
XZHE.L Calmar Ratio Rank: 34
XZHE.L Martin Ratio Rank: 43

SHYG.L

SHYG.L Risk / Return Rank: 16
SHYG.L Sharpe Ratio Rank: 14
SHYG.L Sortino Ratio Rank: 14
SHYG.L Omega Ratio Rank: 22
SHYG.L Calmar Ratio Rank: 14
SHYG.L Martin Ratio Rank: 17

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. SHYG.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 EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.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.

	XZHE.L	SHYG.L	Difference
Sharpe ratio Return per unit of total volatility	0.85	-0.12	+0.97
Sortino ratio Return per unit of downside risk	1.28	-0.03	+1.31
Omega ratio Gain probability vs. loss probability	1.17	0.99	+0.18
Calmar ratio Return relative to maximum drawdown	1.04	-0.11	+1.15
Martin ratio Return relative to average drawdown	4.62	-0.59	+5.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZHE.L vs. SHYG.L - Sharpe Ratio Comparison

The current XZHE.L Sharpe Ratio is 0.85, which is higher than the SHYG.L Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of XZHE.L and SHYG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XZHE.L	SHYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	-0.12	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.36	+0.77

Correlation

The correlation between XZHE.L and SHYG.L is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XZHE.L vs. SHYG.L - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XZHE.L 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%	0.00%
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	0.00%	2.75%	6.24%	5.39%	3.58%	3.13%	3.66%	3.86%	3.65%	3.74%	3.83%	4.55%

Drawdowns

XZHE.L vs. SHYG.L - Drawdown Comparison

The maximum XZHE.L drawdown since its inception was -7.78%, smaller than the maximum SHYG.L drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for XZHE.L and SHYG.L.

Drawdown Indicators

	XZHE.L	SHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.78%	-22.96%	+15.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.36%	-12.32%	+8.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.96%	—
Current Drawdown Current decline from peak	-2.18%	-12.32%	+10.14%
Average Drawdown Average peak-to-trough decline	-0.95%	-4.87%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	1.98%	-1.22%

Volatility

XZHE.L vs. SHYG.L - Volatility Comparison

The current volatility for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) is 1.91%, while iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) has a volatility of 20.22%. This indicates that XZHE.L experiences smaller price fluctuations and is considered to be less risky than SHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZHE.L	SHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	20.22%	-18.31%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	19.96%	-17.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	20.54%	-16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	10.75%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.43%	9.86%	-4.43%