DBEF vs. HYLB
DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both exchange-traded funds - DBEF is a Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index, while HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, DBEF returned 13.11%/yr vs 4.04%/yr for HYLB. A 0.62 correlation means they provide meaningful diversification when combined. DBEF charges 0.36%/yr vs 0.15%/yr for HYLB.
Performance
DBEF vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, DBEF achieves a 10.25% return, which is significantly higher than HYLB's 1.53% return.
DBEF
- 1D
- -0.47%
- 1M
- 4.76%
- YTD
- 10.25%
- 6M
- 12.54%
- 1Y
- 24.51%
- 3Y*
- 17.72%
- 5Y*
- 13.11%
- 10Y*
- 12.12%
HYLB
- 1D
- -0.18%
- 1M
- 0.38%
- YTD
- 1.53%
- 6M
- 2.00%
- 1Y
- 6.87%
- 3Y*
- 8.72%
- 5Y*
- 4.04%
- 10Y*
- —
DBEF vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 10.25% | 23.16% | 13.40% | 20.15% | -5.13% | 19.60% | 2.03% | 24.94% | -9.52% | 16.74% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.53% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
Correlation
The correlation between DBEF and HYLB is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.62 |
The correlation between DBEF and HYLB has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
DBEF vs. HYLB — Risk / Return Rank
DBEF
HYLB
DBEF vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| DBEF | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.04 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.01 | 13.06 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBEF | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.86 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.54 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.58 | -0.03 |
Drawdowns
DBEF vs. HYLB - Drawdown Comparison
The maximum DBEF drawdown since its inception was -32.46%, which is greater than HYLB's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for DBEF and HYLB.
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Drawdown Indicators
| DBEF | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.46% | -22.91% | -9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -2.27% | -7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -4.51% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -15.54% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.46% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.19% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -2.43% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 0.53% | +1.70% |
Volatility
DBEF vs. HYLB - Volatility Comparison
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 3.99% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.20%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBEF | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 1.20% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 2.93% | +7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 3.70% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.74% | 7.47% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 8.18% | +7.61% |
DBEF vs. HYLB - Expense Ratio Comparison
DBEF has a 0.36% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
DBEF vs. HYLB - Dividend Comparison
DBEF's dividend yield for the trailing twelve months is around 5.03%, less than HYLB's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 5.03% | 5.55% | 1.29% | 4.46% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.55% | 3.70% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.49% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
Frequently Asked Questions
DBEF and HYLB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBEF has higher volatility (3.99%) compared to HYLB (1.20%). In terms of maximum drawdown, DBEF dropped -32.46% vs HYLB's -22.91%.
On 5-year performance, DBEF leads with 13.11% vs 4.04% for HYLB. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBEF has performed better with a 13.11% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.36% for DBEF.
HYLB has the higher dividend yield at 6.49%, compared with 5.03% for DBEF.
DBEF is categorized as Hedge Fund, while HYLB is High Yield Bonds. DBEF tracks MSCI EAFE US Dollar Hedged Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. Their fees differ too: 0.36% for DBEF and 0.15% for HYLB.
DBEF currently has the higher Sharpe Ratio (1.99 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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