HYDW vs. DJP
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and iPath Bloomberg Commodity Index Total Return ETN (DJP).
HYDW and DJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDW is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market Low Beta Index. It was launched on Jan 11, 2018. DJP is a passively managed fund by Barclays Capital that tracks the performance of the Bloomberg Commodity Index. It was launched on Jun 6, 2006. Both HYDW and DJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYDW or DJP.
Key characteristics
| HYDW | DJP | |
|---|---|---|
| YTD Return | 5.53% | 2.47% |
| 1Y Return | 10.39% | -2.38% |
| 3Y Return (Ann) | 2.46% | 1.34% |
| 5Y Return (Ann) | 3.22% | 7.05% |
| Sharpe Ratio | 2.53 | -0.03 |
| Sortino Ratio | 3.98 | 0.06 |
| Omega Ratio | 1.51 | 1.01 |
| Calmar Ratio | 3.01 | -0.01 |
| Martin Ratio | 18.88 | -0.06 |
| Ulcer Index | 0.54% | 6.26% |
| Daily Std Dev | 4.06% | 14.00% |
| Max Drawdown | -17.75% | -78.35% |
| Current Drawdown | -0.81% | -57.42% |
Correlation
The correlation between HYDW and DJP is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYDW vs. DJP - Performance Comparison
In the year-to-date period, HYDW achieves a 5.53% return, which is significantly higher than DJP's 2.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYDW vs. DJP - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than DJP's 0.70% expense ratio.
Risk-Adjusted Performance
HYDW vs. DJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and iPath Bloomberg Commodity Index Total Return ETN (DJP). 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.
Dividends
HYDW vs. DJP - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.65%, while DJP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.65% | 5.69% | 4.78% | 3.30% | 4.46% | 4.56% | 4.42% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYDW vs. DJP - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for HYDW and DJP. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. DJP - Volatility Comparison
The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 1.00%, while iPath Bloomberg Commodity Index Total Return ETN (DJP) has a volatility of 4.40%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than DJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.