HDEF vs. BKHY
Compare and contrast key facts about Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) and BNY Mellon High Yield Beta ETF (BKHY).
HDEF and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDEF is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI EAFE High Dividend Yield US Dollar Hedged Index. It was launched on Aug 12, 2015. BKHY is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. Both HDEF and BKHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HDEF vs. BKHY - Performance Comparison
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HDEF vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 5.22% | 33.01% | 2.85% | 18.53% | -2.51% | 6.95% | 27.48% |
BKHY BNY Mellon High Yield Beta ETF | 0.00% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
Returns By Period
HDEF
- 1D
- 0.15%
- 1M
- -2.98%
- YTD
- 5.22%
- 6M
- 10.37%
- 1Y
- 24.35%
- 3Y*
- 16.78%
- 5Y*
- 11.20%
- 10Y*
- 8.88%
BKHY
- 1D
- 0.33%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.02%
- 1Y
- 7.14%
- 3Y*
- 8.32%
- 5Y*
- 4.07%
- 10Y*
- —
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HDEF vs. BKHY - Expense Ratio Comparison
HDEF has a 0.20% expense ratio, which is lower than BKHY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
HDEF vs. BKHY — Risk / Return Rank
HDEF
BKHY
HDEF vs. BKHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) and BNY Mellon High Yield Beta ETF (BKHY). 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.
| HDEF | BKHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.24 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.72 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.75 | +0.87 |
Martin ratioReturn relative to average drawdown | 10.05 | 8.91 | +1.14 |
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
| HDEF | BKHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.24 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.54 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.87 | -0.41 |
Correlation
The correlation between HDEF and BKHY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HDEF vs. BKHY - Dividend Comparison
HDEF's dividend yield for the trailing twelve months is around 3.60%, less than BKHY's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 3.60% | 3.88% | 4.53% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.53% | 1.87% |
BKHY BNY Mellon High Yield Beta ETF | 7.73% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDEF vs. BKHY - Drawdown Comparison
The maximum HDEF drawdown since its inception was -36.43%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for HDEF and BKHY.
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Drawdown Indicators
| HDEF | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -15.89% | -20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -4.20% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -15.89% | -7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.43% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -1.11% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -3.05% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 0.83% | +1.60% |
Volatility
HDEF vs. BKHY - Volatility Comparison
Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) has a higher volatility of 4.91% compared to BNY Mellon High Yield Beta ETF (BKHY) at 2.32%. This indicates that HDEF's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDEF | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 2.32% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 2.87% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 5.80% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.10% | 7.56% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 7.44% | +8.77% |