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HYDW vs. BKHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYDWBKHY
YTD Return5.53%8.28%
1Y Return10.39%14.17%
3Y Return (Ann)2.46%2.94%
Sharpe Ratio2.533.13
Sortino Ratio3.984.96
Omega Ratio1.511.62
Calmar Ratio3.012.62
Martin Ratio18.8826.24
Ulcer Index0.54%0.53%
Daily Std Dev4.06%4.47%
Max Drawdown-17.75%-15.89%
Current Drawdown-0.81%-0.53%

Correlation

-0.50.00.51.00.9

The correlation between HYDW and BKHY is 0.93, 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

HYDW vs. BKHY - Performance Comparison

In the year-to-date period, HYDW achieves a 5.53% return, which is significantly lower than BKHY's 8.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.34%
6.30%
HYDW
BKHY

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYDW vs. BKHY - Expense Ratio Comparison

HYDW 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%.


BKHY
BNY Mellon High Yield Beta ETF
Expense ratio chart for BKHY: current value at 0.22% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.22%
Expense ratio chart for HYDW: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

HYDW vs. BKHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) 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.


HYDW
Sharpe ratio
The chart of Sharpe ratio for HYDW, currently valued at 2.53, compared to the broader market-2.000.002.004.006.002.53
Sortino ratio
The chart of Sortino ratio for HYDW, currently valued at 3.98, compared to the broader market-2.000.002.004.006.008.0010.0012.003.98
Omega ratio
The chart of Omega ratio for HYDW, currently valued at 1.51, compared to the broader market1.001.502.002.503.001.51
Calmar ratio
The chart of Calmar ratio for HYDW, currently valued at 3.01, compared to the broader market0.005.0010.0015.003.01
Martin ratio
The chart of Martin ratio for HYDW, currently valued at 18.88, compared to the broader market0.0020.0040.0060.0080.00100.0018.88
BKHY
Sharpe ratio
The chart of Sharpe ratio for BKHY, currently valued at 3.13, compared to the broader market-2.000.002.004.006.003.13
Sortino ratio
The chart of Sortino ratio for BKHY, currently valued at 4.96, compared to the broader market-2.000.002.004.006.008.0010.0012.004.96
Omega ratio
The chart of Omega ratio for BKHY, currently valued at 1.62, compared to the broader market1.001.502.002.503.001.62
Calmar ratio
The chart of Calmar ratio for BKHY, currently valued at 2.62, compared to the broader market0.005.0010.0015.002.62
Martin ratio
The chart of Martin ratio for BKHY, currently valued at 26.24, compared to the broader market0.0020.0040.0060.0080.00100.0026.24

HYDW vs. BKHY - Sharpe Ratio Comparison

The current HYDW Sharpe Ratio is 2.53, which is comparable to the BKHY Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of HYDW and BKHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.53
3.13
HYDW
BKHY

Dividends

HYDW vs. BKHY - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.65%, less than BKHY's 7.00% yield.


TTM202320222021202020192018
HYDW
Xtrackers Low Beta High Yield Bond ETF
5.65%5.69%4.78%3.30%4.46%4.56%4.42%
BKHY
BNY Mellon High Yield Beta ETF
7.00%8.67%6.59%6.78%4.65%0.00%0.00%

Drawdowns

HYDW vs. BKHY - Drawdown Comparison

The maximum HYDW drawdown since its inception was -17.75%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for HYDW and BKHY. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.81%
-0.53%
HYDW
BKHY

Volatility

HYDW vs. BKHY - Volatility Comparison

Xtrackers Low Beta High Yield Bond ETF (HYDW) and BNY Mellon High Yield Beta ETF (BKHY) have volatilities of 1.00% and 1.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.70%0.80%0.90%1.00%1.10%1.20%1.30%JuneJulyAugustSeptemberOctoberNovember
1.00%
1.04%
HYDW
BKHY