HYDW vs. BSJQ
HYDW (Xtrackers Low Beta High Yield Bond ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, HYDW returned 3.52%/yr vs 3.74%/yr for BSJQ. Their correlation of 0.86 suggests significant overlap in exposure. HYDW charges 0.20%/yr vs 0.42%/yr for BSJQ.
Performance
HYDW vs. BSJQ - Performance Comparison
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Returns By Period
In the year-to-date period, HYDW achieves a 0.77% return, which is significantly lower than BSJQ's 0.85% return.
HYDW
- 1D
- -0.27%
- 1M
- -0.26%
- YTD
- 0.77%
- 6M
- 1.20%
- 1Y
- 5.37%
- 3Y*
- 6.83%
- 5Y*
- 3.52%
- 10Y*
- —
BSJQ
- 1D
- -0.04%
- 1M
- -0.32%
- YTD
- 0.85%
- 6M
- 1.13%
- 1Y
- 4.72%
- 3Y*
- 6.96%
- 5Y*
- 3.74%
- 10Y*
- —
HYDW vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 0.77% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 11.44% | -1.29% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 0.85% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.80% | 16.74% | -4.08% |
Correlation
The correlation between HYDW and BSJQ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018 | 0.86 |
Over the past year, the correlation between HYDW and BSJQ has dropped to 0.61 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
HYDW vs. BSJQ — Risk / Return Rank
HYDW
BSJQ
HYDW vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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 | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.79 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 8.76 | -6.18 |
| Martin ratioReturn relative to average drawdown | 12.28 | 40.52 | -28.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDW | BSJQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 3.45 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.66 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.54 | +0.04 |
Drawdowns
HYDW vs. BSJQ - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for HYDW and BSJQ.
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Drawdown Indicators
| HYDW | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -24.13% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -0.54% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -2.66% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -11.95% | -0.73% |
Current DrawdownCurrent decline from peak | -0.37% | -0.43% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -2.17% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.12% | +0.32% |
Volatility
HYDW vs. BSJQ - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) has a higher volatility of 0.74% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that HYDW's price experiences larger fluctuations and is considered to be riskier than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDW | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.54% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 0.98% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 1.38% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 5.73% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 8.44% | -1.45% |
HYDW vs. BSJQ - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
HYDW vs. BSJQ - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.76%, less than BSJQ's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.83% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.76% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% |
Frequently Asked Questions
HYDW and BSJQ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYDW has higher volatility (0.74%) compared to BSJQ (0.54%). In terms of maximum drawdown, HYDW dropped -17.75% vs BSJQ's -24.13%.
On 5-year performance, BSJQ leads with 3.74% vs 3.52% for HYDW. On fees, HYDW is cheaper at 0.20% per year. On volatility, BSJQ has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJQ has performed better with a 3.74% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYDW is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJQ.
BSJQ has the higher dividend yield at 5.83%, compared with 5.76% for HYDW.
HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.20% for HYDW and 0.42% for BSJQ.
BSJQ currently has the higher Sharpe Ratio (3.45 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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