BHYB vs. XDEF
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and XDEF (Xtrackers Europe Defense Technologies ETF) are both exchange-traded funds - BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while XDEF is a Aerospace & Defense fund tracking the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index. Both are passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. BHYB charges 0.20%/yr vs 0.35%/yr for XDEF.
Performance
BHYB vs. XDEF - Performance Comparison
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Returns By Period
BHYB
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 1.40%
- YTD
- 2.00%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.34%
XDEF
- 1D
- -0.02%
- 1M
- 1.13%
- 6M
- -99.17%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.98M | $10.04M | $9.98M | |
| $25.38K | $19.51K | $30.56K |
BHYB vs. XDEF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2.00% |
XDEF Xtrackers Europe Defense Technologies ETF | -99.10% |
Correlation
The correlation between BHYB and XDEF is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026 | 0.56 |
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Return for Risk
BHYB vs. XDEF — Risk / Return Rank
BHYB
XDEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BHYB vs. XDEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Xtrackers Europe Defense Technologies ETF (XDEF). 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.
| BHYB | XDEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | — | — |
| Martin ratioReturn relative to average drawdown | 11.52 | — | — |
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Drawdowns
BHYB vs. XDEF - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum XDEF drawdown of -99.30%. Use the drawdown chart below to compare losses from any high point for BHYB and XDEF.
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Drawdown Indicators
| BHYB | XDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -99.30% | +95.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -99.21% | +98.93% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -77.91% | +77.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | — | — |
Volatility
BHYB vs. XDEF - Volatility Comparison
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Volatility by Period
| BHYB | XDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 134.34% | -130.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 134.34% | -129.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 134.34% | -129.73% |
BHYB vs. XDEF - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than XDEF's 0.35% expense ratio.
Dividends
BHYB vs. XDEF - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.33%, more than XDEF's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.76% | 6.57% | 7.04% | 0.75% |
XDEF Xtrackers Europe Defense Technologies ETF | 1.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BHYB and XDEF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BHYB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BHYB is cheaper with a 0.20% expense ratio, compared with 0.35% for XDEF.
BHYB has the higher dividend yield at 5.76%, compared with 1.41% for XDEF.
BHYB is categorized as High Yield Bonds, while XDEF is Aerospace & Defense. BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while XDEF tracks STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index. Their fees differ too: 0.20% for BHYB and 0.35% for XDEF.
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