HYDW vs. IBHE
HYDW (Xtrackers Low Beta High Yield Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. HYDW charges 0.20%/yr vs 0.35%/yr for IBHE.
Performance
HYDW vs. IBHE - Performance Comparison
Loading charts...
Returns By Period
HYDW
- 1D
- -0.01%
- 1M
- 0.45%
- 6M
- 1.39%
- YTD
- 1.66%
- 1Y
- 5.34%
- 3Y*
- 6.79%
- 5Y*
- 3.53%
- 10Y*
- —
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYDW vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 1.66% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 5.02% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.49% |
Correlation
The correlation between HYDW and IBHE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.71 |
Over the past year, the correlation between HYDW and IBHE has dropped to 0.01 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYDW vs. IBHE — Risk / Return Rank
HYDW
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYDW vs. IBHE - 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 2025 Term High Yield & Income ETF (IBHE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYDW | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | — | — |
| Martin ratioReturn relative to average drawdown | 12.36 | — | — |
Loading charts...
Drawdowns
HYDW vs. IBHE - Drawdown Comparison
Loading charts...
Drawdown Indicators
| HYDW | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.87% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | — | — |
Volatility
HYDW vs. IBHE - Volatility Comparison
Loading charts...
Volatility by Period
| HYDW | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | — | — |
HYDW vs. IBHE - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than IBHE's 0.35% expense ratio.
Dividends
HYDW vs. IBHE - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.74%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.74% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% |
Frequently Asked Questions
HYDW and IBHE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYDW is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYDW is cheaper with a 0.20% expense ratio, compared with 0.35% for IBHE.
HYDW has the higher dividend yield at 5.74%, compared with 1.87% for IBHE.
HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.20% for HYDW and 0.35% for IBHE.
Find the right allocation for HYDW and IBHE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer