HYDW vs. ESHY

Last updated Jun 6, 2026

HYDW (Xtrackers Low Beta High Yield Bond ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds from Deutsche Bank - HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. Both charge a 0.20% expense ratio.

Performance

HYDW vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYDW

• 1D: -0.27%
• 1M: -0.26%
• YTD: 0.77%
• 6M: 1.20%
• 1Y: 5.37%
• 3Y*: 6.83%
• 5Y*: 3.52%
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYDW vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
HYDW Xtrackers Low Beta High Yield Bond ETF	0.38%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

HYDW vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYDW

HYDW Risk / Return Rank: 61
HYDW Sharpe Ratio Rank: 57
HYDW Sortino Ratio Rank: 63
HYDW Omega Ratio Rank: 62
HYDW Calmar Ratio Rank: 55
HYDW Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYDW vs. ESHY - 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 J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.79	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	12.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYDW	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Drawdowns

HYDW vs. ESHY - Drawdown Comparison

The maximum HYDW drawdown since its inception was -17.75%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYDW and ESHY.

Drawdown Indicators

	HYDW	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	0.00%	-17.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.68%	—	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-1.89%	0.00%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	—	—

Volatility

Volatility by Period

	HYDW	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	0.00%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	0.00%	+6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.99%	0.00%	+6.99%

HYDW vs. ESHY - Expense Ratio Comparison

Both HYDW and ESHY have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HYDW vs. ESHY - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.76%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	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	5.76%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%

Frequently Asked Questions

Which ETF is better, HYDW or ESHY?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYDW or ESHY?

HYDW and ESHY have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, HYDW or ESHY?

HYDW has the higher dividend yield at 5.76%, compared with 0.00% for ESHY.

What is the main difference between HYDW and ESHY?

HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index.