Correlation
The correlation between HWHIX and SHYL is 0.48, 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.
HWHIX vs. SHYL
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and Xtrackers Short Duration High Yield Bond ETF (SHYL).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. SHYL is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market 0-5 Year Index. It was launched on Jan 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HWHIX or SHYL.
Performance
HWHIX vs. SHYL - Performance Comparison
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Key characteristics
HWHIX:
1.87
SHYL:
1.62
HWHIX:
2.54
SHYL:
2.16
HWHIX:
1.41
SHYL:
1.35
HWHIX:
1.63
SHYL:
1.74
HWHIX:
7.10
SHYL:
9.70
HWHIX:
0.94%
SHYL:
0.85%
HWHIX:
3.76%
SHYL:
5.53%
HWHIX:
-23.03%
SHYL:
-19.26%
HWHIX:
-0.76%
SHYL:
-0.91%
Returns By Period
In the year-to-date period, HWHIX achieves a 1.20% return, which is significantly lower than SHYL's 1.73% return.
HWHIX
1.20%
1.39%
1.50%
6.97%
6.80%
7.06%
4.11%
SHYL
1.73%
0.68%
1.94%
8.49%
7.43%
6.45%
N/A
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HWHIX vs. SHYL - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Risk-Adjusted Performance
HWHIX vs. SHYL — Risk-Adjusted Performance Rank
HWHIX
SHYL
HWHIX vs. SHYL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.
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Dividends
HWHIX vs. SHYL - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 6.29%, less than SHYL's 7.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 6.29% | 6.28% | 5.72% | 5.51% | 4.49% | 5.47% | 5.92% | 6.24% | 5.97% | 6.29% | 7.69% | 6.79% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.40% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HWHIX vs. SHYL - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for HWHIX and SHYL.
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Volatility
HWHIX vs. SHYL - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.03%, while Xtrackers Short Duration High Yield Bond ETF (SHYL) has a volatility of 1.29%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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