HYDW vs. NHYB
HYDW (Xtrackers Low Beta High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. HYDW charges 0.20%/yr vs 0.08%/yr for NHYB.
Performance
HYDW vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, HYDW achieves a 1.35% return, which is significantly lower than NHYB's 1.93% return.
HYDW
- 1D
- -0.17%
- 1M
- 0.16%
- 6M
- 1.17%
- YTD
- 1.35%
- 1Y
- 5.17%
- 3Y*
- 6.86%
- 5Y*
- 3.45%
- 10Y*
- —
NHYB
- 1D
- -0.22%
- 1M
- 0.01%
- 6M
- 1.59%
- YTD
- 1.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYDW vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 1.35% | 1.54% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.93% | 1.24% |
Correlation
The correlation between HYDW and NHYB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.83 |
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Return for Risk
HYDW vs. NHYB — Risk / Return Rank
HYDW
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYDW vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Nuveen High Yield Corporate Bond ETF (NHYB). 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 | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | — | — |
| Martin ratioReturn relative to average drawdown | 11.95 | — | — |
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Drawdowns
HYDW vs. NHYB - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYDW and NHYB.
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Drawdown Indicators
| HYDW | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -2.40% | -15.35% |
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 | -0.32% | -0.47% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.34% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | — | — |
Volatility
HYDW vs. NHYB - Volatility Comparison
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Volatility by Period
| HYDW | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 3.55% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 3.55% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 3.55% | +3.40% |
HYDW vs. NHYB - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is higher than NHYB's 0.08% 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%.
Dividends
HYDW vs. NHYB - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.75%, more than NHYB's 4.83% 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% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.83% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYDW and NHYB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NHYB is cheaper with a 0.08% expense ratio, compared with 0.20% for HYDW.
HYDW has the higher dividend yield at 5.75%, compared with 4.83% for NHYB.
HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Deutsche Bank and Nuveen. Their fees differ too: 0.20% for HYDW and 0.08% for NHYB.
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