HYDW vs. HYGV
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
HYDW and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. Both HYDW and HYGV 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 HYGV.
Key characteristics
| HYDW | HYGV | |
|---|---|---|
| YTD Return | 5.53% | 7.97% |
| 1Y Return | 10.39% | 14.12% |
| 3Y Return (Ann) | 2.46% | 2.46% |
| 5Y Return (Ann) | 3.22% | 4.73% |
| Sharpe Ratio | 2.53 | 3.12 |
| Sortino Ratio | 3.98 | 4.95 |
| Omega Ratio | 1.51 | 1.63 |
| Calmar Ratio | 3.01 | 1.85 |
| Martin Ratio | 18.88 | 23.87 |
| Ulcer Index | 0.54% | 0.59% |
| Daily Std Dev | 4.06% | 4.50% |
| Max Drawdown | -17.75% | -23.47% |
| Current Drawdown | -0.81% | -0.51% |
Correlation
The correlation between HYDW and HYGV is 0.89, 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.
Performance
HYDW vs. HYGV - Performance Comparison
In the year-to-date period, HYDW achieves a 5.53% return, which is significantly lower than HYGV's 7.97% 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. HYGV - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
HYDW vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.65%, less than HYGV's 8.27% yield.
| 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% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.27% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% |
Drawdowns
HYDW vs. HYGV - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for HYDW and HYGV. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. HYGV - Volatility Comparison
The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 1.00%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 1.13%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.