XZHY.DE vs. XDEW.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XZHY.DE is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Sustainable and SRI, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XZHY.DE returned 7.16%/yr vs 12.88%/yr for XDEW.DE. At a 0.47 correlation, their price movements are largely independent. XZHY.DE charges 0.25%/yr vs 0.20%/yr for XDEW.DE.
Performance
XZHY.DE vs. XDEW.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 lower than XDEW.DE's 14.15% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
XZHY.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -1.32% |
Correlation
The correlation between XZHY.DE and XDEW.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.47 |
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Return for Risk
XZHY.DE vs. XDEW.DE — Risk / Return Rank
XZHY.DE
XDEW.DE
XZHY.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.93 | -1.61 |
| Martin ratioReturn relative to average drawdown | 7.69 | 12.11 | -4.42 |
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Drawdowns
XZHY.DE vs. XDEW.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and XDEW.DE.
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Drawdown Indicators
| XZHY.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -38.79% | +27.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -5.06% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -22.70% | +11.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.92% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -5.33% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.65% | -0.71% |
Volatility
XZHY.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) is 1.48%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.73%. This indicates that XZHY.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.73% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 6.91% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 10.64% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 14.91% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 16.80% | -9.27% |
XZHY.DE vs. XDEW.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio. However, 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. XDEW.DE - Dividend Comparison
Neither XZHY.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHY.DE and XDEW.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XZHY.DE.
XZHY.DE is categorized as High Yield Bonds, while XDEW.DE is S&P 500. XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.25% for XZHY.DE and 0.20% for XDEW.DE.
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