HYDW vs. LDRH
HYDW (Xtrackers Low Beta High Yield Bond ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds - HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index while LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Both are passively managed. Over the past year, HYDW returned 5.53% vs 6.30% for LDRH. Their correlation of 0.83 suggests significant overlap in exposure. HYDW charges 0.20%/yr vs 0.35%/yr for LDRH.
Performance
HYDW vs. LDRH - Performance Comparison
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Returns By Period
In the year-to-date period, HYDW achieves a 1.04% return, which is significantly lower than LDRH's 1.88% return.
HYDW
- 1D
- 0.15%
- 1M
- 0.27%
- YTD
- 1.04%
- 6M
- 1.44%
- 1Y
- 5.53%
- 3Y*
- 6.99%
- 5Y*
- 3.58%
- 10Y*
- —
LDRH
- 1D
- 0.08%
- 1M
- 0.29%
- YTD
- 1.88%
- 6M
- 2.45%
- 1Y
- 6.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYDW vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 1.04% | 8.47% | -0.62% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 1.88% | 7.18% | 0.21% |
Correlation
The correlation between HYDW and LDRH is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.83 |
The correlation between HYDW and LDRH has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
HYDW vs. LDRH — Risk / Return Rank
HYDW
LDRH
HYDW vs. LDRH - 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 1-5 Year High Yield and Income Ladder ETF (LDRH). 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 | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 5.14 | -2.48 |
| Martin ratioReturn relative to average drawdown | 12.66 | 21.43 | -8.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDW | LDRH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.43 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.70 | -1.12 |
Drawdowns
HYDW vs. LDRH - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for HYDW and LDRH.
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Drawdown Indicators
| HYDW | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -3.17% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -1.23% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.12% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -0.24% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.30% | +0.14% |
Volatility
HYDW vs. LDRH - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) has a higher volatility of 0.74% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.69%. This indicates that HYDW's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDW | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.69% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 1.97% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 2.61% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 3.51% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 3.51% | +3.48% |
HYDW vs. LDRH - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is lower than LDRH's 0.35% expense ratio.
Dividends
HYDW vs. LDRH - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.75%, less than LDRH's 6.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.75% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYDW and LDRH have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYDW has higher volatility (0.74%) compared to LDRH (0.69%). In terms of maximum drawdown, HYDW dropped -17.75% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 6.30% vs 5.53% for HYDW. On fees, HYDW is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 6.30% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYDW is cheaper with a 0.20% expense ratio, compared with 0.35% for LDRH.
LDRH has the higher dividend yield at 6.99%, compared with 5.75% for HYDW.
HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.20% for HYDW and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.43 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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