HYDW vs. DBJP
HYDW (Xtrackers Low Beta High Yield Bond ETF) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both exchange-traded funds - HYDW is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Low Beta Index, while DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 5 years, HYDW returned 3.58%/yr vs 21.52%/yr for DBJP. At a 0.41 correlation, their price movements are largely independent. HYDW charges 0.20%/yr vs 0.45%/yr for DBJP.
Performance
HYDW vs. DBJP - Performance Comparison
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Returns By Period
In the year-to-date period, HYDW achieves a 1.04% return, which is significantly lower than DBJP's 20.90% return.
HYDW
- 1D
- 0.15%
- 1M
- 0.27%
- YTD
- 1.04%
- 6M
- 1.44%
- 1Y
- 5.53%
- 3Y*
- 6.99%
- 5Y*
- 3.58%
- 10Y*
- —
DBJP
- 1D
- 0.32%
- 1M
- 7.21%
- YTD
- 20.90%
- 6M
- 23.04%
- 1Y
- 54.21%
- 3Y*
- 29.43%
- 5Y*
- 21.52%
- 10Y*
- 16.31%
HYDW vs. DBJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 1.04% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 11.44% | -1.08% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 20.90% | 29.51% | 25.53% | 36.21% | -4.19% | 13.04% | 10.53% | 20.87% | -18.30% |
Correlation
The correlation between HYDW and DBJP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.41 |
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Return for Risk
HYDW vs. DBJP — Risk / Return Rank
HYDW
DBJP
HYDW vs. DBJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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 | DBJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.52 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 5.24 | -2.59 |
| Martin ratioReturn relative to average drawdown | 12.66 | 20.44 | -7.79 |
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 | DBJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.92 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.14 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.68 | -0.10 |
Drawdowns
HYDW vs. DBJP - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum DBJP drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for HYDW and DBJP.
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Drawdown Indicators
| HYDW | DBJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -31.30% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -10.39% | +8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -21.50% | +17.86% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -21.50% | +8.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.30% | — |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -7.29% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.66% | -2.22% |
Volatility
HYDW vs. DBJP - Volatility Comparison
The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 0.74%, while Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a volatility of 3.53%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDW | DBJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 3.53% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 13.79% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 18.68% | -15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 18.93% | -12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 19.46% | -12.47% |
HYDW vs. DBJP - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than DBJP's 0.45% expense ratio.
Dividends
HYDW vs. DBJP - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.75%, more than DBJP's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 2.33% | 2.81% | 2.80% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.75% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYDW and DBJP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBJP has higher volatility (3.53%) compared to HYDW (0.74%). In terms of maximum drawdown, HYDW dropped -17.75% vs DBJP's -31.30%.
On 5-year performance, DBJP leads with 21.52% vs 3.58% for HYDW. On fees, HYDW is cheaper at 0.20% per year. On volatility, HYDW has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBJP has performed better with a 21.52% return vs 3.58%. 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 0.45% for DBJP.
HYDW has the higher dividend yield at 5.75%, compared with 2.33% for DBJP.
HYDW is categorized as High Yield Bonds, while DBJP is Japan Equities. HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: Deutsche Bank and Xtrackers. Their fees differ too: 0.20% for HYDW and 0.45% for DBJP.
DBJP currently has the higher Sharpe Ratio (2.92 vs 1.88), 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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