HYDW vs. IBHD
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
HYDW and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both HYDW and IBHD 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 IBHD.
Performance
HYDW vs. IBHD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HYDW having a 5.70% return and IBHD slightly lower at 5.43%.
HYDW
5.70%
-0.15%
4.17%
9.50%
3.26%
N/A
IBHD
5.43%
0.46%
3.04%
6.79%
4.17%
N/A
Key characteristics
| HYDW | IBHD | |
|---|---|---|
| Sharpe Ratio | 2.43 | 4.07 |
| Sortino Ratio | 3.75 | 6.30 |
| Omega Ratio | 1.48 | 2.04 |
| Calmar Ratio | 3.88 | 13.28 |
| Martin Ratio | 17.28 | 76.72 |
| Ulcer Index | 0.56% | 0.09% |
| Daily Std Dev | 3.95% | 1.68% |
| Max Drawdown | -17.75% | -20.11% |
| Current Drawdown | -0.65% | 0.00% |
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HYDW vs. IBHD - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Correlation
The correlation between HYDW and IBHD is 0.71, 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. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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. IBHD - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.64%, less than IBHD's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.64% | 5.69% | 4.78% | 3.30% | 4.46% | 4.56% | 4.42% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% |
Drawdowns
HYDW vs. IBHD - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for HYDW and IBHD. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. IBHD - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) has a higher volatility of 1.00% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.25%. This indicates that HYDW's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.