XZHY.DE vs. HYG

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).

XZHY.DE and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XZHY.DE is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg MSCI US High Yield Sustainable and SRI. It was launched on Jul 6, 2022. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both XZHY.DE and HYG 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

XZHY.DE vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

XZHY.DE vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C	0.99%	-3.17%	13.38%	8.40%	-5.92%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	1.94%	-4.29%	15.09%	8.19%	-5.16%

Different Trading Currencies

XZHY.DE is traded in EUR, while HYG is traded in USD. To make them comparable, the HYG values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XZHY.DE achieves a 0.99% return, which is significantly lower than HYG's 1.94% return.

XZHY.DE

• 1D: -0.04%
• 1M: -0.07%
• YTD: 0.99%
• 6M: 2.12%
• 1Y: -0.29%
• 3Y*: 5.69%
• 5Y*: —
• 10Y*: —

HYG

• 1D: 0.69%
• 1M: 0.43%
• YTD: 1.94%
• 6M: 2.81%
• 1Y: 0.38%
• 3Y*: 6.08%
• 5Y*: 4.14%
• 10Y*: 5.08%

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

XZHY.DE vs. HYG - Expense Ratio Comparison

XZHY.DE has a 0.25% expense ratio, which is lower than HYG's 0.49% expense ratio.

HYG

iShares iBoxx $ High Yield Corporate Bond ETF

XZHY.DE

Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C

Return for Risk

XZHY.DE vs. HYG — Risk / Return Rank

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

XZHY.DE

XZHY.DE Risk / Return Rank: 10
XZHY.DE Sharpe Ratio Rank: 11
XZHY.DE Sortino Ratio Rank: 10
XZHY.DE Omega Ratio Rank: 10
XZHY.DE Calmar Ratio Rank: 11
XZHY.DE Martin Ratio Rank: 11

HYG

HYG Risk / Return Rank: 70
HYG Sharpe Ratio Rank: 67
HYG Sortino Ratio Rank: 70
HYG Omega Ratio Rank: 73
HYG Calmar Ratio Rank: 62
HYG Martin Ratio Rank: 78

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.

XZHY.DE vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.

	XZHY.DE	HYG	Difference
Sharpe ratio Return per unit of total volatility	-0.03	0.04	-0.07
Sortino ratio Return per unit of downside risk	0.01	0.12	-0.11
Omega ratio Gain probability vs. loss probability	1.00	1.02	-0.02
Calmar ratio Return relative to maximum drawdown	-0.05	0.03	-0.09
Martin ratio Return relative to average drawdown	-0.13	0.08	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZHY.DE vs. HYG - Sharpe Ratio Comparison

The current XZHY.DE Sharpe Ratio is -0.03, which is lower than the HYG Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of XZHY.DE and HYG, 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

	XZHY.DE	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	0.04	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.46	-0.03

Correlation

The correlation between XZHY.DE and HYG is 0.71, 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

XZHY.DE vs. HYG - Dividend Comparison

XZHY.DE has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.87%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XZHY.DE Xtrackers ESG USD 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%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.87%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%

Drawdowns

XZHY.DE vs. HYG - Drawdown Comparison

The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum HYG drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and HYG.

Drawdown Indicators

	XZHY.DE	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-34.25%	+22.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-2.72%	-4.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.03%	—
Current Drawdown Current decline from peak	-5.04%	-0.82%	-4.22%
Average Drawdown Average peak-to-trough decline	-4.50%	-3.27%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	0.75%	+1.18%

Volatility

XZHY.DE vs. HYG - Volatility Comparison

The current volatility for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) is 1.77%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.99%. This indicates that XZHY.DE experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZHY.DE	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	1.99%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	4.09%	4.57%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	9.64%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	8.63%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.69%	9.85%	-2.16%