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Xtrackers Usd High Yield Corporate Bond UCITS ETF 2c Eur Hedged tracks the issuer-declared index: Bloomberg US High Yield Very Liquid Index ex 144A (USD). Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.25%, plus 0.13% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 852 million euro, was launched on 14 October 2021 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.
The fund is passively managed.
INVESTMENT OBJECTIVE:The aim is for your investment to track the performance, before fees and expenses, of the Bloomberg US High Yield Very Liquid Index ex 144A (index), while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The index is based on the Bloomberg US Corporate High Yield Index (Parent Index), which reflects the performance of high-yielding fixed-interest tradable debt (bonds) denominated in US Dollar.
Keep reading the KID section ▾
The index tracks a subset of bonds from the Parent Index which are readily realisable and includes bonds which are issued by financial, utility, or industrial institutions that meet specific maturity, credit rating and liquidity requirements. For bonds to be included in the index, they must on the relevant rebalancing date meet certain predetermined standards (such as eligible currency, amount outstanding, quality, maturity and level of interest payments). The bonds must have a fixed rate of interest, must be rated less than Ba1/BB+ by major rating agencies and exclude the 144A tranche securities that do not have an equivalent Regulation S tranche.
INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a total return net basis. This means that all interest payments received from bonds are reinvested in the index. The index is reviewed and rebalanced monthly.
INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities, in order to obtain the return on the index, and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund's assets and the currency of your shares. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of derivatives. The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is USD. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 29 Dec 2021 | 29 Sept 2022 | -17.51% | 17 Sept 2024 | 993 |
| 26 Feb 2025 | 08 Apr 2025 | -3.92% | 13 May 2025 | 76 |
| 20 Feb 2026 | 27 Mar 2026 | -2.53% | 14 Apr 2026 | 53 |
| 09 Nov 2021 | 26 Nov 2021 | -2.27% | 29 Dec 2021 | 50 |
| 09 Dec 2024 | 19 Dec 2024 | -1.37% | 27 Jan 2025 | 49 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.4 | 0.0 | -1.3 | 1.5 | 0.4 | 0.0 | -0.4 | 0.9 | -0.2 | 1.2 | |||
| 2025 | 1.3 | 0.5 | -1.2 | -0.2 | 1.6 | 1.7 | 0.2 | 1.1 | 0.6 | 0.0 | 0.5 | 0.6 | 6.7 |
| 2024 | -0.4 | 0.0 | 0.9 | -1.1 | 1.0 | 0.9 | 1.8 | 1.4 | 1.4 | -0.9 | 1.1 | -0.6 | 5.4 |
| 2023 | 3.9 | -1.8 | 1.1 | 0.6 | -1.4 | 1.7 | 1.1 | 0.1 | -1.6 | -1.4 | 4.6 | 3.8 | 10.9 |
| 2022 | -3.1 | -0.8 | -1.3 | -4.2 | 0.6 | -8.0 | 6.9 | -3.6 | -4.5 | 2.8 | 1.9 | -1.2 | -14.3 |
| 2021 | -1.2 | 2.0 | 0.7 |
We do not publish a tracking difference for this share class — and it is not an oversight.
this share class is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.
| Last year | Last 3 years | Last 5 years | |
|---|---|---|---|
| Volatility (ann.) | 2.76% | 3.54% | 5.46% |
| Max drawdown | -2.53% | -3.92% | -17.51% |
| Sharpe | 0.13 | 0.84 | -0.12 |
| Sortino | 0.18 | 1.24 | -0.16 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: product page Xtrackers, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 2 classes | 0.20% | Dist. · Acc. | 852 mln EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE00BG04LT92XUHEOfficial lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | XUHE | 3 Nov 2021 |
| Börse Frankfurt | XUHE | 20 Oct 2021 |
| Börse Hamburg | XUHE | 13 Jan 2022 |
| Börse Hannover | XUHE | 9 Dec 2024 |
| Börse München / gettex | XUHE | 20 Oct 2021 |
| Börse Stuttgart | XUHE | 5 Nov 2021 |
| Tradegate Exchange | XUHE | 27 Oct 2021 |
| Xetra (Deutsche Börse) | XUHE | 20 Oct 2021 |