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

Correlation

The correlation between HYDW and BKHY is 0.69, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HYDW vs. BKHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and BNY Mellon High Yield Beta ETF (BKHY). The values are adjusted to include any dividend payments, if applicable.

20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
24.53%
33.32%
HYDW
BKHY

Key characteristics

Sharpe Ratio

HYDW:

1.76

BKHY:

1.53

Sortino Ratio

HYDW:

2.65

BKHY:

2.11

Omega Ratio

HYDW:

1.37

BKHY:

1.34

Calmar Ratio

HYDW:

2.91

BKHY:

1.81

Martin Ratio

HYDW:

13.40

BKHY:

9.47

Ulcer Index

HYDW:

0.59%

BKHY:

0.93%

Daily Std Dev

HYDW:

4.51%

BKHY:

5.78%

Max Drawdown

HYDW:

-17.75%

BKHY:

-17.36%

Current Drawdown

HYDW:

0.00%

BKHY:

-0.82%

Returns By Period

In the year-to-date period, HYDW achieves a 2.57% return, which is significantly higher than BKHY's 1.36% return.


HYDW

YTD

2.57%

1M

0.76%

6M

2.71%

1Y

8.01%

5Y*

4.57%

10Y*

N/A

BKHY

YTD

1.36%

1M

0.25%

6M

2.04%

1Y

8.97%

5Y*

5.97%

10Y*

N/A

*Annualized

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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%.


Expense ratio chart for BKHY: current value is 0.22%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BKHY: 0.22%
Expense ratio chart for HYDW: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYDW: 0.20%

Risk-Adjusted Performance

HYDW vs. BKHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYDW
The Risk-Adjusted Performance Rank of HYDW is 9494
Overall Rank
The Sharpe Ratio Rank of HYDW is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of HYDW is 9393
Sortino Ratio Rank
The Omega Ratio Rank of HYDW is 9494
Omega Ratio Rank
The Calmar Ratio Rank of HYDW is 9595
Calmar Ratio Rank
The Martin Ratio Rank of HYDW is 9595
Martin Ratio Rank

BKHY
The Risk-Adjusted Performance Rank of BKHY is 9191
Overall Rank
The Sharpe Ratio Rank of BKHY is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of BKHY is 9090
Sortino Ratio Rank
The Omega Ratio Rank of BKHY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of BKHY is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BKHY is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for HYDW, currently valued at 1.76, compared to the broader market-1.000.001.002.003.004.00
HYDW: 1.76
BKHY: 1.53
The chart of Sortino ratio for HYDW, currently valued at 2.65, compared to the broader market-2.000.002.004.006.008.00
HYDW: 2.65
BKHY: 2.11
The chart of Omega ratio for HYDW, currently valued at 1.37, compared to the broader market0.501.001.502.002.50
HYDW: 1.37
BKHY: 1.34
The chart of Calmar ratio for HYDW, currently valued at 2.91, compared to the broader market0.002.004.006.008.0010.0012.00
HYDW: 2.91
BKHY: 1.81
The chart of Martin ratio for HYDW, currently valued at 13.40, compared to the broader market0.0020.0040.0060.00
HYDW: 13.40
BKHY: 9.47

The current HYDW Sharpe Ratio is 1.76, which is comparable to the BKHY Sharpe Ratio of 1.53. 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 Ratio1.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.76
1.53
HYDW
BKHY

Dividends

HYDW vs. BKHY - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.56%, less than BKHY's 7.34% yield.


TTM2024202320222021202020192018
HYDW
Xtrackers Low Beta High Yield Bond ETF
5.56%5.35%5.69%4.78%3.30%4.45%4.56%4.42%
BKHY
BNY Mellon High Yield Beta ETF
7.34%7.34%8.67%6.59%5.00%4.65%0.00%0.00%

Drawdowns

HYDW vs. BKHY - Drawdown Comparison

The maximum HYDW drawdown since its inception was -17.75%, roughly equal to the maximum BKHY drawdown of -17.36%. Use the drawdown chart below to compare losses from any high point for HYDW and BKHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril0
-0.82%
HYDW
BKHY

Volatility

HYDW vs. BKHY - Volatility Comparison

The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 3.16%, while BNY Mellon High Yield Beta ETF (BKHY) has a volatility of 4.46%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
3.16%
4.46%
HYDW
BKHY