XZHY.DE vs. XUHY.DE

Last updated Jun 5, 2026

XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds from Xtrackers - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while XUHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, XZHY.DE returned 5.47%/yr vs 5.97%/yr for XUHY.DE. Their correlation of 0.85 suggests significant overlap in exposure. XZHY.DE charges 0.25%/yr vs 0.20%/yr for XUHY.DE.

Performance

XZHY.DE vs. XUHY.DE - 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 Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZHY.DE achieves a 2.61% return, which is significantly lower than XUHY.DE's 2.88% return.

XZHY.DE

• 1D: -0.10%
• 1M: 1.04%
• YTD: 2.61%
• 6M: 1.91%
• 1Y: 5.11%
• 3Y*: 5.47%
• 5Y*: —
• 10Y*: —

XUHY.DE

• 1D: 0.08%
• 1M: 1.22%
• YTD: 2.88%
• 6M: 2.54%
• 1Y: 6.21%
• 3Y*: 5.97%
• 5Y*: 4.92%
• 10Y*: —

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

XZHY.DE vs. XUHY.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%
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	2.88%	-2.73%	12.71%	9.45%	-4.65%

Correlation

The correlation between XZHY.DE and XUHY.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022	0.85

The correlation between XZHY.DE and XUHY.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

XZHY.DE vs. XUHY.DE — 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: 28
XZHY.DE Sharpe Ratio Rank: 24
XZHY.DE Sortino Ratio Rank: 24
XZHY.DE Omega Ratio Rank: 23
XZHY.DE Calmar Ratio Rank: 33
XZHY.DE Martin Ratio Rank: 34

XUHY.DE

XUHY.DE Risk / Return Rank: 31
XUHY.DE Sharpe Ratio Rank: 28
XUHY.DE Sortino Ratio Rank: 27
XUHY.DE Omega Ratio Rank: 26
XUHY.DE Calmar Ratio Rank: 40
XUHY.DE Martin Ratio Rank: 36

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. XUHY.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 1D (XUHY.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	XUHY.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.97	-0.13
Sortino ratio: Return per unit of downside risk	1.23	1.43	-0.19
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.02
Calmar ratio: Return relative to maximum drawdown	1.59	1.97	-0.38
Martin ratio: Return relative to average drawdown	4.98	5.40	-0.42
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. XUHY.DE - Sharpe Ratio Comparison

The current XZHY.DE Sharpe Ratio is 0.85, which is comparable to the XUHY.DE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of XZHY.DE and XUHY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XZHY.DE	XUHY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.97	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.55	-0.07

Drawdowns

XZHY.DE vs. XUHY.DE - Drawdown Comparison

The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum XUHY.DE drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and XUHY.DE.

Drawdown Indicators

	XZHY.DE	XUHY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-22.05%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-3.03%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.51%	-12.03%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.03%	—
Current Drawdown Current decline from peak	-3.51%	-3.13%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.50%	-3.86%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.11%	-0.12%

Volatility

XZHY.DE vs. XUHY.DE - Volatility Comparison

Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.29% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) at 1.13%. This indicates that XZHY.DE's price experiences larger fluctuations and is considered to be riskier than XUHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZHY.DE	XUHY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	1.13%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	3.85%	4.08%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	5.83%	6.13%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.58%	8.51%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.58%	11.39%	-3.81%

XZHY.DE vs. XUHY.DE - Expense Ratio Comparison

XZHY.DE has a 0.25% expense ratio, which is higher than XUHY.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. XUHY.DE - Dividend Comparison

XZHY.DE has not paid dividends to shareholders, while XUHY.DE's dividend yield for the trailing twelve months is around 6.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D	6.62%	6.60%	7.39%	6.02%	6.14%	9.11%	5.94%	4.81%
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%

Frequently Asked Questions

Can I hold both XZHY.DE and XUHY.DE in my portfolio?

XZHY.DE and XUHY.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZHY.DE or XUHY.DE?

On fees, XUHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZHY.DE or XUHY.DE?

XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XZHY.DE.

What is the main difference between XZHY.DE and XUHY.DE?

XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while XUHY.DE tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.25% for XZHY.DE and 0.20% for XUHY.DE.