CCRV vs. HYDW

Last updated Jun 3, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and HYDW (Xtrackers Low Beta High Yield Bond ETF) are both exchange-traded funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while HYDW is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Low Beta Index. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 0.20%/yr for HYDW.

Performance

CCRV vs. HYDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and Xtrackers Low Beta High Yield Bond ETF (HYDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYDW

• 1D: 0.00%
• 1M: 0.18%
• YTD: 1.07%
• 6M: 1.43%
• 1Y: 5.94%
• 3Y*: 6.90%
• 5Y*: 3.61%
• 10Y*: —

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

CCRV vs. HYDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%
HYDW Xtrackers Low Beta High Yield Bond ETF	1.07%	8.47%	5.42%	9.84%	-7.86%	2.77%	2.83%

Correlation

The correlation between CCRV and HYDW is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.14

The correlation between CCRV and HYDW shifts across timeframes, from -0.20 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. HYDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYDW

HYDW Risk / Return Rank: 64
HYDW Sharpe Ratio Rank: 59
HYDW Sortino Ratio Rank: 67
HYDW Omega Ratio Rank: 66
HYDW Calmar Ratio Rank: 56
HYDW Martin Ratio Rank: 70

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.

CCRV vs. HYDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and Xtrackers Low Beta High Yield Bond ETF (HYDW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCRV	HYDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.59	—

Drawdowns

Drawdown Indicators

	CCRV	HYDW	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.68%	—
Current Drawdown Current decline from peak	—	-0.07%	—
Average Drawdown Average peak-to-trough decline	—	-1.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.44%	—

Volatility

Volatility by Period

	CCRV	HYDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.99%	—

CCRV vs. HYDW - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is higher than HYDW's 0.20% expense ratio.

Dividends

CCRV vs. HYDW - Dividend Comparison

CCRV has not paid dividends to shareholders, while HYDW's dividend yield for the trailing twelve months is around 5.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%
HYDW Xtrackers Low Beta High Yield Bond ETF	5.74%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%

Frequently Asked Questions

Can I hold both CCRV and HYDW in my portfolio?

CCRV and HYDW have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or HYDW?

On fees, HYDW 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, CCRV or HYDW?

HYDW is cheaper with a 0.20% expense ratio, compared with 0.40% for CCRV.

Which ETF pays a higher dividend yield, CCRV or HYDW?

HYDW has the higher dividend yield at 5.74%, compared with 0.00% for CCRV.

What is the main difference between CCRV and HYDW?

CCRV is categorized as Commodities, while HYDW is High Yield Bonds. CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.40% for CCRV and 0.20% for HYDW.