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 The Bank of New York Mellon Corp. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDEF or BKHY.
Key characteristics
| HDEF | BKHY | |
|---|---|---|
| YTD Return | 4.24% | 1.77% |
| 1Y Return | 13.69% | 10.45% |
| 3Y Return (Ann) | 5.38% | 1.62% |
| Sharpe Ratio | 1.08 | 1.77 |
| Daily Std Dev | 12.46% | 5.73% |
| Max Drawdown | -36.43% | -15.89% |
| Current Drawdown | 0.00% | -0.23% |
Correlation
The correlation between HDEF and BKHY is 0.60, 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.
Performance
HDEF vs. BKHY - Performance Comparison
In the year-to-date period, HDEF achieves a 4.24% return, which is significantly higher than BKHY's 1.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
HDEF vs. BKHY - Risk-Adjusted Performance 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.
Dividends
HDEF vs. BKHY - Dividend Comparison
HDEF's dividend yield for the trailing twelve months is around 4.73%, less than BKHY's 8.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 4.73% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.13% | 1.72% |
BKHY BNY Mellon High Yield Beta ETF | 8.76% | 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. For additional features, visit the drawdowns tool.
Volatility
HDEF vs. BKHY - Volatility Comparison
Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) has a higher volatility of 3.23% compared to BNY Mellon High Yield Beta ETF (BKHY) at 1.42%. 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.