HYBB vs. HYDW
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and Xtrackers Low Beta High Yield Bond ETF (HYDW).
HYBB and HYDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYBB is a passively managed fund by iShares that tracks the performance of the ICE BofA BB US High Yield Constrained Index (USD). It was launched on Oct 6, 2020. HYDW is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market Low Beta Index. It was launched on Jan 11, 2018. Both HYBB and HYDW 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: HYBB or HYDW.
Key characteristics
| HYBB | HYDW | |
|---|---|---|
| YTD Return | 6.46% | 5.53% |
| 1Y Return | 11.99% | 10.39% |
| 3Y Return (Ann) | 2.00% | 2.46% |
| Sharpe Ratio | 2.65 | 2.53 |
| Sortino Ratio | 4.07 | 3.98 |
| Omega Ratio | 1.51 | 1.51 |
| Calmar Ratio | 1.97 | 3.01 |
| Martin Ratio | 21.24 | 18.88 |
| Ulcer Index | 0.56% | 0.54% |
| Daily Std Dev | 4.47% | 4.06% |
| Max Drawdown | -15.27% | -17.75% |
| Current Drawdown | -0.74% | -0.81% |
Correlation
The correlation between HYBB and HYDW is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYBB vs. HYDW - Performance Comparison
In the year-to-date period, HYBB achieves a 6.46% return, which is significantly higher than HYDW's 5.53% 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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HYBB vs. HYDW - Expense Ratio Comparison
HYBB has a 0.25% 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%.
Risk-Adjusted Performance
HYBB vs. HYDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) 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.
Dividends
HYBB vs. HYDW - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.14%, more than HYDW's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.14% | 6.28% | 5.05% | 4.18% | 0.76% | 0.00% | 0.00% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.65% | 5.69% | 4.78% | 3.30% | 4.46% | 4.56% | 4.42% |
Drawdowns
HYBB vs. HYDW - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.27%, smaller than the maximum HYDW drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for HYBB and HYDW. For additional features, visit the drawdowns tool.
Volatility
HYBB vs. HYDW - Volatility Comparison
iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.12% compared to Xtrackers Low Beta High Yield Bond ETF (HYDW) at 1.00%. This indicates that HYBB'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.