XZHY.DE vs. UEEF.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, XZHY.DE returned 7.16%/yr vs 6.16%/yr for UEEF.DE. At a 0.26 correlation, their price movements are largely independent. XZHY.DE charges 0.25%/yr vs 0.27%/yr for UEEF.DE.
Performance
XZHY.DE vs. UEEF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 4.31% return, which is significantly higher than UEEF.DE's 0.70% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
UEEF.DE
- 1D
- 0.17%
- 1M
- 0.00%
- 6M
- 0.70%
- YTD
- 0.70%
- 1Y
- 3.95%
- 3Y*
- 6.16%
- 5Y*
- 1.44%
- 10Y*
- —
XZHY.DE vs. UEEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.31% | -3.17% | 13.38% | 8.40% | -5.88% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -0.86% |
Correlation
The correlation between XZHY.DE and UEEF.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.26 |
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Return for Risk
XZHY.DE vs. UEEF.DE — Risk / Return Rank
XZHY.DE
UEEF.DE
XZHY.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XZHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.42 | +0.90 |
| Martin ratioReturn relative to average drawdown | 7.69 | 6.02 | +1.67 |
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Drawdowns
XZHY.DE vs. UEEF.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum UEEF.DE drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and UEEF.DE.
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Drawdown Indicators
| XZHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -17.83% | +6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.77% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -5.10% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.17% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.87% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.65% | +0.29% |
Volatility
XZHY.DE vs. UEEF.DE - Volatility Comparison
Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.48% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 0.99%. This indicates that XZHY.DE's price experiences larger fluctuations and is considered to be riskier than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.99% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.83% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 4.55% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 7.11% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 6.77% | +0.76% |
XZHY.DE vs. UEEF.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than UEEF.DE's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XZHY.DE vs. UEEF.DE - Dividend Comparison
Neither XZHY.DE nor UEEF.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHY.DE and UEEF.DE have a correlation of 0.16, 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 0.27% for UEEF.DE.
XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZHY.DE and 0.27% for UEEF.DE.
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