XZHY.DE vs. XUHE.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds from Xtrackers - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). Both are passively managed. Over the past 3 years, XZHY.DE returned 7.16%/yr vs 6.21%/yr for XUHE.DE. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
XZHY.DE vs. XUHE.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 XUHE.DE's 1.03% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XUHE.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.79%
- YTD
- 1.03%
- 1Y
- 4.32%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
XZHY.DE vs. XUHE.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% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.03% | 7.00% | 5.04% | 10.87% | -0.00% |
Correlation
The correlation between XZHY.DE and XUHE.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.17 |
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Return for Risk
XZHY.DE vs. XUHE.DE — Risk / Return Rank
XZHY.DE
XUHE.DE
XZHY.DE vs. XUHE.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 USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.43 | +0.89 |
| Martin ratioReturn relative to average drawdown | 7.69 | 6.70 | +0.99 |
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Drawdowns
XZHY.DE vs. XUHE.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum XUHE.DE drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and XUHE.DE.
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Drawdown Indicators
| XZHY.DE | XUHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -17.56% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.00% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -5.20% | -6.31% |
Current DrawdownCurrent decline from peak | -1.91% | -0.30% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -5.45% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.64% | +0.30% |
Volatility
XZHY.DE vs. XUHE.DE - Volatility Comparison
Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.48% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) at 1.05%. This indicates that XZHY.DE's price experiences larger fluctuations and is considered to be riskier than XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.05% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.48% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 4.13% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 7.41% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 7.41% | +0.12% |
XZHY.DE vs. XUHE.DE - Expense Ratio Comparison
Both XZHY.DE and XUHE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XZHY.DE vs. XUHE.DE - Dividend Comparison
Neither XZHY.DE nor XUHE.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHY.DE and XUHE.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE and XUHE.DE have the same expense ratio: 0.25% per year.
XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged).
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