HDAW vs. HYUP

Last updated Jun 5, 2026

HDAW (Xtrackers MSCI All World ex US High Dividend Yield Equity ETF) and HYUP (Xtrackers High Beta High Yield Bond ETF) are both exchange-traded funds - HDAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index, while HYUP is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market High Beta Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

HDAW vs. HYUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) and Xtrackers High Beta High Yield Bond ETF (HYUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HDAW

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

HYUP

• 1D: 0.21%
• 1M: 0.65%
• YTD: 1.84%
• 6M: 2.49%
• 1Y: 7.51%
• 3Y*: 10.29%
• 5Y*: 4.43%
• 10Y*: —

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

HDAW vs. HYUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	6.53%	16.58%	-5.74%	9.73%	-3.67%	22.40%	-14.43%
HYUP Xtrackers High Beta High Yield Bond ETF	1.84%	8.83%	10.30%	14.56%	-13.30%	5.13%	5.73%	16.54%	-3.90%

Correlation

The correlation between HDAW and HYUP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018	0.48

The correlation between HDAW and HYUP shifts across timeframes, from 0.33 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HDAW vs. HYUP — Risk / Return Rank

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

HYUP

HYUP Risk / Return Rank: 55
HYUP Sharpe Ratio Rank: 52
HYUP Sortino Ratio Rank: 57
HYUP Omega Ratio Rank: 57
HYUP Calmar Ratio Rank: 51
HYUP Martin Ratio Rank: 60

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.

HDAW vs. HYUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) and Xtrackers High Beta High Yield Bond ETF (HYUP). 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

	HDAW	HYUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.52	—

Drawdowns

Drawdown Indicators

	HDAW	HYUP	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.79%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Current Drawdown Current decline from peak	—	-0.15%	—
Average Drawdown Average peak-to-trough decline	—	-3.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.71%	—

Volatility

Volatility by Period

	HDAW	HYUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.75%	—

HDAW vs. HYUP - Expense Ratio Comparison

Both HDAW and HYUP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HDAW vs. HYUP - Dividend Comparison

HDAW has not paid dividends to shareholders, while HYUP's dividend yield for the trailing twelve months is around 7.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	2.68%	4.85%	7.00%	4.84%	4.27%	3.95%	4.02%	4.09%	2.92%	1.18%
HYUP Xtrackers High Beta High Yield Bond ETF	7.32%	7.44%	7.78%	7.48%	7.15%	6.19%	6.89%	6.77%	6.98%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDAW and HYUP in my portfolio?

HDAW and HYUP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDAW or HYUP?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDAW or HYUP?

HDAW and HYUP have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, HDAW or HYUP?

HYUP has the higher dividend yield at 7.32%, compared with 0.00% for HDAW.

What is the main difference between HDAW and HYUP?

HDAW is categorized as Foreign Large Cap Equities, while HYUP is High Yield Bonds. HDAW tracks MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index, while HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index.