DEEF vs. HYDW
DEEF (Xtrackers FTSE Developed ex US Multifactor ETF) and HYDW (Xtrackers Low Beta High Yield Bond ETF) are both exchange-traded funds - DEEF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) 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. Over the past 5 years, DEEF returned 7.51%/yr vs 3.55%/yr for HYDW. A 0.59 correlation means they provide meaningful diversification when combined. DEEF charges 0.24%/yr vs 0.20%/yr for HYDW.
Performance
DEEF vs. HYDW - Performance Comparison
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Returns By Period
In the year-to-date period, DEEF achieves a 10.24% return, which is significantly higher than HYDW's 0.89% return.
DEEF
- 1D
- -0.08%
- 1M
- 2.38%
- YTD
- 10.24%
- 6M
- 13.08%
- 1Y
- 23.80%
- 3Y*
- 17.65%
- 5Y*
- 7.51%
- 10Y*
- 8.28%
HYDW
- 1D
- -0.18%
- 1M
- 0.24%
- YTD
- 0.89%
- 6M
- 1.17%
- 1Y
- 5.56%
- 3Y*
- 6.83%
- 5Y*
- 3.55%
- 10Y*
- —
DEEF vs. HYDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DEEF Xtrackers FTSE Developed ex US Multifactor ETF | 10.24% | 32.36% | 2.77% | 16.99% | -16.94% | 9.22% | 7.90% | 19.30% | -16.56% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 0.89% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 11.44% | -1.08% |
Correlation
The correlation between DEEF and HYDW is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.59 |
The correlation between DEEF and HYDW has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
DEEF vs. HYDW — Risk / Return Rank
DEEF
HYDW
DEEF vs. HYDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) 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.
| DEEF | HYDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.67 | -0.43 |
| Martin ratioReturn relative to average drawdown | 7.82 | 12.74 | -4.92 |
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
| DEEF | HYDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.90 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.56 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.58 | -0.08 |
Drawdowns
DEEF vs. HYDW - Drawdown Comparison
The maximum DEEF drawdown since its inception was -36.48%, which is greater than HYDW's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for DEEF and HYDW.
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Drawdown Indicators
| DEEF | HYDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.48% | -17.75% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -2.09% | -8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -11.07% | -3.64% | -7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -12.68% | -18.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.48% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | -0.26% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -1.89% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 0.44% | +2.61% |
Volatility
DEEF vs. HYDW - Volatility Comparison
Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) has a higher volatility of 3.88% compared to Xtrackers Low Beta High Yield Bond ETF (HYDW) at 0.74%. This indicates that DEEF's price experiences larger fluctuations and is considered to be riskier than HYDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEEF | HYDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.74% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 2.27% | +9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 2.95% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 6.40% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 6.99% | +9.30% |
DEEF vs. HYDW - Expense Ratio Comparison
DEEF has a 0.24% expense ratio, which is higher than HYDW'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
DEEF vs. HYDW - Dividend Comparison
DEEF's dividend yield for the trailing twelve months is around 3.38%, less than HYDW's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DEEF Xtrackers FTSE Developed ex US Multifactor ETF | 3.38% | 3.63% | 4.04% | 3.96% | 3.31% | 3.84% | 2.71% | 3.74% | 2.80% | 2.61% | 4.35% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.75% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% | 0.00% | 0.00% |
Frequently Asked Questions
DEEF and HYDW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEEF has higher volatility (3.88%) compared to HYDW (0.74%). In terms of maximum drawdown, DEEF dropped -36.48% vs HYDW's -17.75%.
On 5-year performance, DEEF leads with 7.51% vs 3.55% for HYDW. On fees, HYDW is cheaper at 0.20% per year. On volatility, HYDW has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DEEF has performed better with a 7.51% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYDW is cheaper with a 0.20% expense ratio, compared with 0.24% for DEEF.
HYDW has the higher dividend yield at 5.75%, compared with 3.38% for DEEF.
DEEF is categorized as Foreign Large Cap Equities, while HYDW is High Yield Bonds. DEEF tracks FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, while HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index. Their fees differ too: 0.24% for DEEF and 0.20% for HYDW.
HYDW currently has the higher Sharpe Ratio (1.90 vs 1.77), 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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