HYDW vs. SPY
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and SPDR S&P 500 ETF (SPY).
HYDW and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HYDW and SPY 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 SPY.
Key characteristics
| HYDW | SPY | |
|---|---|---|
| YTD Return | 5.53% | 26.77% |
| 1Y Return | 10.39% | 37.43% |
| 3Y Return (Ann) | 2.46% | 10.15% |
| 5Y Return (Ann) | 3.22% | 15.86% |
| Sharpe Ratio | 2.53 | 3.06 |
| Sortino Ratio | 3.98 | 4.08 |
| Omega Ratio | 1.51 | 1.58 |
| Calmar Ratio | 3.01 | 4.44 |
| Martin Ratio | 18.88 | 20.11 |
| Ulcer Index | 0.54% | 1.85% |
| Daily Std Dev | 4.06% | 12.18% |
| Max Drawdown | -17.75% | -55.19% |
| Current Drawdown | -0.81% | -0.31% |
Correlation
The correlation between HYDW and SPY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYDW vs. SPY - Performance Comparison
In the year-to-date period, HYDW achieves a 5.53% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYDW vs. SPY - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
HYDW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.65%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.65% | 5.69% | 4.78% | 3.30% | 4.46% | 4.56% | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HYDW vs. SPY - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HYDW and SPY. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. SPY - Volatility Comparison
The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 1.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that HYDW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.