HYDW vs. EIFAX
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
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. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYDW or EIFAX.
Key characteristics
| HYDW | EIFAX | |
|---|---|---|
| YTD Return | 5.67% | 7.53% |
| 1Y Return | 9.45% | 10.96% |
| 3Y Return (Ann) | 2.50% | 6.25% |
| 5Y Return (Ann) | 3.22% | 5.66% |
| Sharpe Ratio | 2.59 | 3.69 |
| Sortino Ratio | 4.07 | 10.79 |
| Omega Ratio | 1.52 | 3.20 |
| Calmar Ratio | 3.79 | 13.85 |
| Martin Ratio | 19.29 | 62.30 |
| Ulcer Index | 0.55% | 0.18% |
| Daily Std Dev | 4.06% | 3.00% |
| Max Drawdown | -17.75% | -38.15% |
| Current Drawdown | -0.68% | 0.00% |
Correlation
The correlation between HYDW and EIFAX is 0.25, 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. EIFAX - Performance Comparison
In the year-to-date period, HYDW achieves a 5.67% return, which is significantly lower than EIFAX's 7.53% 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. EIFAX - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
HYDW vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). 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. EIFAX - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.64%, less than EIFAX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.64% | 5.69% | 4.78% | 3.30% | 4.46% | 4.56% | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.46% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
HYDW vs. EIFAX - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for HYDW and EIFAX. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. EIFAX - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) has a higher volatility of 1.01% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.63%. This indicates that HYDW's price experiences larger fluctuations and is considered to be riskier than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.