HYDW vs. IBHD

Last updated Apr 2, 2026

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.

Performance

HYDW vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

HYDW vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
HYDW Xtrackers Low Beta High Yield Bond ETF	-0.53%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Returns By Period

HYDW

• 1D: 0.21%
• 1M: -0.68%
• YTD: -0.14%
• 6M: 1.39%
• 1Y: 6.16%
• 3Y*: 6.37%
• 5Y*: 3.49%
• 10Y*: —

IBHD

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

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

HYDW vs. IBHD - Expense Ratio Comparison

HYDW has a 0.20% expense ratio, which is lower than IBHD's 0.35% expense ratio.

IBHD

iShares iBonds 2024 Term High Yield & Income ETF

HYDW

Xtrackers Low Beta High Yield Bond ETF

Return for Risk

HYDW vs. IBHD — Risk / Return Rank

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

HYDW

HYDW Risk / Return Rank: 81
HYDW Sharpe Ratio Rank: 76
HYDW Sortino Ratio Rank: 80
HYDW Omega Ratio Rank: 82
HYDW Calmar Ratio Rank: 79
HYDW Martin Ratio Rank: 88

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. IBHD - Risk-Adjusted Trends 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.

	HYDW	IBHD	Difference
Sharpe ratio Return per unit of total volatility	1.44	—	—
Sortino ratio Return per unit of downside risk	2.17	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.36	—	—
Martin ratio Return relative to average drawdown	11.48	—	—
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	IBHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
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	—	—

Dividends

HYDW vs. IBHD - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.63%, while IBHD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYDW Xtrackers Low Beta High Yield Bond ETF	5.63%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HYDW vs. IBHD - Drawdown Comparison

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

Drawdown Indicators

	HYDW	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	0.00%	-17.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.68%	—	—
Current Drawdown Current decline from peak	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-1.92%	0.00%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	HYDW	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	0.00%	+4.31%
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	7.05%	0.00%	+7.05%