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HYDW vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%140.00%December2025FebruaryMarchAprilMay
30.88%
128.28%
HYDW
SPY

Key characteristics

Sharpe Ratio

HYDW:

1.57

SPY:

0.56

Sortino Ratio

HYDW:

2.35

SPY:

0.92

Omega Ratio

HYDW:

1.33

SPY:

1.14

Calmar Ratio

HYDW:

2.55

SPY:

0.59

Martin Ratio

HYDW:

11.74

SPY:

2.32

Ulcer Index

HYDW:

0.59%

SPY:

4.80%

Daily Std Dev

HYDW:

4.44%

SPY:

20.01%

Max Drawdown

HYDW:

-17.75%

SPY:

-55.19%

Current Drawdown

HYDW:

-0.17%

SPY:

-8.17%

Returns By Period

In the year-to-date period, HYDW achieves a 2.62% return, which is significantly higher than SPY's -3.97% return.


HYDW

YTD

2.62%

1M

2.36%

6M

2.63%

1Y

6.76%

5Y*

4.21%

10Y*

N/A

SPY

YTD

-3.97%

1M

11.26%

6M

-4.45%

1Y

9.89%

5Y*

15.66%

10Y*

12.19%

*Annualized

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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 Rank

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

HYDW
The Risk-Adjusted Performance Rank of HYDW is 9393
Overall Rank
The Sharpe Ratio Rank of HYDW is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of HYDW is 9292
Sortino Ratio Rank
The Omega Ratio Rank of HYDW is 9292
Omega Ratio Rank
The Calmar Ratio Rank of HYDW is 9595
Calmar Ratio Rank
The Martin Ratio Rank of HYDW is 9595
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6262
Overall Rank
The Sharpe Ratio Rank of SPY is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current HYDW Sharpe Ratio is 1.57, which is higher than the SPY Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of HYDW and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
1.53
0.50
HYDW
SPY

Dividends

HYDW vs. SPY - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.59%, more than SPY's 1.28% yield.


TTM20242023202220212020201920182017201620152014
HYDW
Xtrackers Low Beta High Yield Bond ETF
5.59%5.35%5.69%4.78%3.30%4.45%4.56%4.42%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.28%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.17%
-8.17%
HYDW
SPY

Volatility

HYDW vs. SPY - Volatility Comparison

The current volatility for Xtrackers Low Beta High Yield Bond ETF (HYDW) is 2.86%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.55%. 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.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
2.86%
12.55%
HYDW
SPY