HYDW vs. HYLB
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and Xtrackers USD High Yield Corporate Bond ETF (HYLB).
HYDW and HYLB 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. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016. Both HYDW and HYLB 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 HYLB.
Performance
HYDW vs. HYLB - Performance Comparison
Returns By Period
In the year-to-date period, HYDW achieves a 5.63% return, which is significantly lower than HYLB's 8.25% return.
HYDW
5.63%
0.20%
4.54%
8.99%
3.21%
N/A
HYLB
8.25%
0.70%
6.80%
12.66%
3.85%
N/A
Key characteristics
| HYDW | HYLB | |
|---|---|---|
| Sharpe Ratio | 2.35 | 2.88 |
| Sortino Ratio | 3.62 | 4.50 |
| Omega Ratio | 1.46 | 1.57 |
| Calmar Ratio | 4.10 | 2.99 |
| Martin Ratio | 16.54 | 21.78 |
| Ulcer Index | 0.56% | 0.59% |
| Daily Std Dev | 3.95% | 4.50% |
| Max Drawdown | -17.75% | -22.91% |
| Current Drawdown | -0.72% | -0.38% |
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HYDW vs. HYLB - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is higher than HYLB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between HYDW and HYLB is 0.88, 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.
Risk-Adjusted Performance
HYDW vs. HYLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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. HYLB - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.64%, less than HYLB's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.05% | 5.85% | 5.53% | 4.45% | 5.23% | 5.71% | 5.95% | 5.84% | 0.27% |
Drawdowns
HYDW vs. HYLB - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for HYDW and HYLB. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. HYLB - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 0.93% and 0.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.