XZHY.DE vs. IBC9.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped. Both are passively managed. Over the past 3 years, XZHY.DE returned 5.47%/yr vs 6.02%/yr for IBC9.DE. A 0.70 correlation means they provide meaningful diversification when combined. XZHY.DE charges 0.25%/yr vs 0.50%/yr for IBC9.DE.
Performance
XZHY.DE vs. IBC9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 2.61% return, which is significantly higher than IBC9.DE's 1.87% return.
XZHY.DE
- 1D
- -0.10%
- 1M
- 1.04%
- YTD
- 2.61%
- 6M
- 1.91%
- 1Y
- 5.11%
- 3Y*
- 5.47%
- 5Y*
- —
- 10Y*
- —
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
XZHY.DE vs. IBC9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 2.61% | -3.17% | 13.38% | 8.40% | -5.92% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -0.64% |
Correlation
The correlation between XZHY.DE and IBC9.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.70 |
The correlation between XZHY.DE and IBC9.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
XZHY.DE vs. IBC9.DE — Risk / Return Rank
XZHY.DE
IBC9.DE
XZHY.DE vs. IBC9.DE - 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 Global High Yield Corporate Bond UCITS ETF (IBC9.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.
| XZHY.DE | IBC9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.88 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.98 | 6.58 | -1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XZHY.DE | IBC9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.10 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.08 |
Drawdowns
XZHY.DE vs. IBC9.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum IBC9.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and IBC9.DE.
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Drawdown Indicators
| XZHY.DE | IBC9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -22.34% | +10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.13% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -6.78% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -3.51% | -0.13% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -3.23% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.61% | +0.38% |
Volatility
XZHY.DE vs. IBC9.DE - Volatility Comparison
Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.29% compared to iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) at 0.84%. This indicates that XZHY.DE's price experiences larger fluctuations and is considered to be riskier than IBC9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZHY.DE | IBC9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.84% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 2.76% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 3.64% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 5.64% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 7.85% | -0.27% |
XZHY.DE vs. IBC9.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than IBC9.DE's 0.50% expense ratio.
Dividends
XZHY.DE vs. IBC9.DE - Dividend Comparison
XZHY.DE has not paid dividends to shareholders, while IBC9.DE's dividend yield for the trailing twelve months is around 5.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
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% |
Frequently Asked Questions
XZHY.DE and IBC9.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBC9.DE.
XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZHY.DE and 0.50% for IBC9.DE.
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