HYDW vs. FSYD

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and Fidelity Sustainable High Yield ETF (FSYD).

HYDW and FSYD 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. FSYD is an actively managed fund by Fidelity. It was launched on Feb 15, 2022.

Performance

HYDW vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

HYDW vs. FSYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYDW Xtrackers Low Beta High Yield Bond ETF	-0.08%	8.47%	5.42%	9.84%	-4.32%
FSYD Fidelity Sustainable High Yield ETF	0.77%	9.09%	8.74%	12.22%	-6.59%

Returns By Period

In the year-to-date period, HYDW achieves a -0.08% return, which is significantly lower than FSYD's 0.77% return.

HYDW

• 1D: 0.06%
• 1M: -0.51%
• YTD: -0.08%
• 6M: 1.42%
• 1Y: 5.90%
• 3Y*: 6.42%
• 5Y*: 3.50%
• 10Y*: —

FSYD

• 1D: 0.24%
• 1M: -0.41%
• YTD: 0.77%
• 6M: 1.82%
• 1Y: 8.94%
• 3Y*: 8.73%
• 5Y*: —
• 10Y*: —

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

HYDW vs. FSYD - Expense Ratio Comparison

HYDW has a 0.20% expense ratio, which is lower than FSYD's 0.55% expense ratio.

FSYD

Fidelity Sustainable High Yield ETF

HYDW

Xtrackers Low Beta High Yield Bond ETF

Return for Risk

HYDW vs. FSYD — Risk / Return Rank

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

HYDW

HYDW Risk / Return Rank: 77
HYDW Sharpe Ratio Rank: 73
HYDW Sortino Ratio Rank: 77
HYDW Omega Ratio Rank: 79
HYDW Calmar Ratio Rank: 73
HYDW Martin Ratio Rank: 84

FSYD

FSYD Risk / Return Rank: 78
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 80
FSYD Omega Ratio Rank: 83
FSYD Calmar Ratio Rank: 70
FSYD Martin Ratio Rank: 81

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. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Fidelity Sustainable High Yield ETF (FSYD). 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	FSYD	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.47	-0.09
Sortino ratio Return per unit of downside risk	2.08	2.19	-0.11
Omega ratio Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio Return relative to maximum drawdown	2.29	2.12	+0.17
Martin ratio Return relative to average drawdown	11.11	10.24	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYDW vs. FSYD - Sharpe Ratio Comparison

The current HYDW Sharpe Ratio is 1.38, which is comparable to the FSYD Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of HYDW and FSYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYDW	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.47	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.71	-0.14

Correlation

The correlation between HYDW and FSYD is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HYDW vs. FSYD - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.62%, less than FSYD's 6.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYDW Xtrackers Low Beta High Yield Bond ETF	5.62%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%
FSYD Fidelity Sustainable High Yield ETF	6.48%	6.49%	6.47%	6.70%	5.29%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HYDW vs. FSYD - Drawdown Comparison

The maximum HYDW drawdown since its inception was -17.75%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for HYDW and FSYD.

Drawdown Indicators

	HYDW	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-12.11%	-5.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	-3.14%	+1.05%
Max Drawdown (5Y) Largest decline over 5 years	-12.68%	—	—
Current Drawdown Current decline from peak	-0.85%	-1.05%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.92%	-2.49%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.89%	-0.33%

Volatility

HYDW vs. FSYD - Volatility Comparison

The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 1.73%, while Fidelity Sustainable High Yield ETF (FSYD) has a volatility of 2.38%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYDW	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	2.38%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	2.28%	3.25%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	6.10%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	7.97%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.05%	7.97%	-0.92%