HYDW vs. DGP
HYDW (Xtrackers Low Beta High Yield Bond ETF) and DGP (DB Gold Double Long Exchange Traded Notes) 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 DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Both are passively managed. Over the past 5 years, HYDW returned 3.58%/yr vs 30.84%/yr for DGP. At a 0.16 correlation, their price movements are largely independent. HYDW charges 0.20%/yr vs 0.75%/yr for DGP.
Performance
HYDW vs. DGP - 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 DGP's 2.35% return.
HYDW
- 1D
- 0.15%
- 1M
- 0.27%
- YTD
- 1.04%
- 6M
- 1.44%
- 1Y
- 5.53%
- 3Y*
- 6.99%
- 5Y*
- 3.58%
- 10Y*
- —
DGP
- 1D
- 1.33%
- 1M
- -3.76%
- YTD
- 2.35%
- 6M
- 6.80%
- 1Y
- 57.39%
- 3Y*
- 58.29%
- 5Y*
- 30.84%
- 10Y*
- 20.69%
HYDW vs. DGP - 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% |
DGP DB Gold Double Long Exchange Traded Notes | 2.35% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -10.01% |
Correlation
The correlation between HYDW and DGP is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.16 |
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Return for Risk
HYDW vs. DGP — Risk / Return Rank
HYDW
DGP
HYDW vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and DB Gold Double Long Exchange Traded Notes (DGP). 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 | DGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.58 | +1.08 |
| Martin ratioReturn relative to average drawdown | 12.66 | 4.00 | +8.65 |
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 | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.10 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.80 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.28 | +0.30 |
Drawdowns
HYDW vs. DGP - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for HYDW and DGP.
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Drawdown Indicators
| HYDW | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -75.31% | +57.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -36.58% | +34.49% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -36.58% | +32.94% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -51.24% | +38.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.24% | — |
Current DrawdownCurrent decline from peak | -0.11% | -31.89% | +31.78% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -41.09% | +39.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 14.38% | -13.94% |
Volatility
HYDW vs. DGP - Volatility Comparison
The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 0.74%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 10.44%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than DGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDW | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 10.44% | -9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 46.34% | -44.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 52.46% | -49.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 38.76% | -32.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 35.03% | -28.04% |
HYDW vs. DGP - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than DGP's 0.75% expense ratio.
Dividends
HYDW vs. DGP - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.75%, while DGP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
HYDW and DGP have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (10.44%) compared to HYDW (0.74%). In terms of maximum drawdown, HYDW dropped -17.75% vs DGP's -75.31%.
On 5-year performance, DGP leads with 30.84% 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, DGP has performed better with a 30.84% 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 0.75% for DGP.
HYDW has the higher dividend yield at 5.75%, compared with 0.00% for DGP.
HYDW is categorized as High Yield Bonds, while DGP is Leveraged Commodities. HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.20% for HYDW and 0.75% for DGP.
HYDW currently has the higher Sharpe Ratio (1.88 vs 1.10), 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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