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XZHE.L vs. XXSC.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XZHE.L vs. XXSC.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 Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L).

XZHE.L and XXSC.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. XXSC.L is a passively managed fund by DWS that tracks the performance of the MSCI Europe Small Cap NR EUR. It was launched on Jan 17, 2008. Both XZHE.L and XXSC.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. XXSC.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 Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022
XZHE.L
Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C		-1.36%5.46%5.93%9.90%3.05%
XXSC.L
Xtrackers MSCI Europe Small Cap UCITS ETF 1C		-0.96%15.90%5.79%12.60%-1.12%
Different Trading Currencies

XZHE.L is traded in EUR, while XXSC.L is traded in GBp. To make them comparable, the XXSC.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 lower than XXSC.L's -0.96% return.

XZHE.L

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

XXSC.L

1D
-0.58%
1M
-2.29%
YTD
-0.96%
6M
1.69%
1Y
12.36%
3Y*
9.23%
5Y*
3.53%
10Y*
6.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C

Xtrackers MSCI Europe Small Cap UCITS ETF 1C

Often compared with XZHE.L:
XZHE.L vs. YIEL.LXZHE.L vs. XHYG.LXZHE.L vs. HIGH.LXZHE.L vs. SHYG.LXZHE.L vs. JNKE.LXZHE.L vs. IHYG.LXZHE.L vs. XDEB.L
Often compared with XXSC.L:
XXSC.L vs. IUSQ.DEXXSC.L vs. AYEW.DEXXSC.L vs. CES1.LXXSC.L vs. SPYXXSC.L vs. EMIM.LXXSC.L vs. EUNL.DEXXSC.L vs. XDEV.L

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

XZHE.L has a 0.25% expense ratio, which is lower than XXSC.L's 0.30% expense ratio.

XXSC.L
Xtrackers MSCI Europe Small Cap UCITS ETF 1C
XZHE.L
Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C

Return for Risk

XZHE.L vs. XXSC.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: 4141
Overall Rank
XZHE.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
XZHE.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
XZHE.L Omega Ratio Rank: 4141
Omega Ratio Rank
XZHE.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
XZHE.L Martin Ratio Rank: 4343
Martin Ratio Rank
XXSC.L
XXSC.L Risk / Return Rank: 6262
Overall Rank
XXSC.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XXSC.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
XXSC.L Omega Ratio Rank: 6363
Omega Ratio Rank
XXSC.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
XXSC.L Martin Ratio Rank: 5858
Martin Ratio Rank
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. XXSC.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 Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.LXXSC.LDifference

Sharpe ratio

Return per unit of total volatility

0.85

0.81

+0.04

Sortino ratio

Return per unit of downside risk

1.28

1.12

+0.16

Omega ratio

Gain probability vs. loss probability

1.17

1.17

+0.01

Calmar ratio

Return relative to maximum drawdown

1.04

1.56

-0.52

Martin ratio

Return relative to average drawdown

4.62

5.73

-1.11

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. XXSC.L - Sharpe Ratio Comparison

The current XZHE.L Sharpe Ratio is 0.85, which is comparable to the XXSC.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of XZHE.L and XXSC.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.

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Sharpe Ratios by Period

XZHE.LXXSC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

0.81

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.22

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.13

0.74

+0.38

Correlation

The correlation between XZHE.L and XXSC.L is 0.72, 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. XXSC.L - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
XXSC.L
Xtrackers MSCI Europe Small Cap 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%1.95%

Drawdowns

XZHE.L vs. XXSC.L - Drawdown Comparison

The maximum XZHE.L drawdown since its inception was -7.78%, smaller than the maximum XXSC.L drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for XZHE.L and XXSC.L.

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Drawdown Indicators

XZHE.LXXSC.LDifference

Max Drawdown

Largest peak-to-trough decline

-7.78%

-35.12%

+27.34%

Max Drawdown (1Y)

Largest decline over 1 year

-3.36%

-10.79%

+7.43%

Max Drawdown (5Y)

Largest decline over 5 years

—

-30.74%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-2.18%

-7.27%

+5.09%

Average Drawdown

Average peak-to-trough decline

-0.95%

-7.59%

+6.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.85%

-2.09%

Volatility

XZHE.L vs. XXSC.L - Volatility Comparison

The current volatility for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) is 1.91%, while Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a volatility of 6.00%. This indicates that XZHE.L experiences smaller price fluctuations and is considered to be less risky than XXSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XZHE.LXXSC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.91%

6.00%

-4.09%

Volatility (6M)

Calculated over the trailing 6-month period

2.64%

9.49%

-6.85%

Volatility (1Y)

Calculated over the trailing 1-year period

4.08%

15.19%

-11.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.43%

16.45%

-11.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.43%

17.30%

-11.87%