HYDW vs. VWEAX
Compare and contrast key facts about Xtrackers Low Beta High Yield Bond ETF (HYDW) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
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. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYDW or VWEAX.
Key characteristics
| HYDW | VWEAX | |
|---|---|---|
| YTD Return | 5.53% | 6.09% |
| 1Y Return | 10.39% | 12.57% |
| 3Y Return (Ann) | 2.46% | 2.83% |
| 5Y Return (Ann) | 3.22% | 3.79% |
| Sharpe Ratio | 2.53 | 3.46 |
| Sortino Ratio | 3.98 | 5.98 |
| Omega Ratio | 1.51 | 1.90 |
| Calmar Ratio | 3.01 | 3.08 |
| Martin Ratio | 18.88 | 22.42 |
| Ulcer Index | 0.54% | 0.56% |
| Daily Std Dev | 4.06% | 3.63% |
| Max Drawdown | -17.75% | -30.03% |
| Current Drawdown | -0.81% | -0.57% |
Correlation
The correlation between HYDW and VWEAX is 0.59, 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. VWEAX - Performance Comparison
In the year-to-date period, HYDW achieves a 5.53% return, which is significantly lower than VWEAX's 6.09% 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. VWEAX - Expense Ratio Comparison
HYDW has a 0.20% expense ratio, which is higher than VWEAX's 0.13% 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. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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. VWEAX - Dividend Comparison
HYDW's dividend yield for the trailing twelve months is around 5.65%, less than VWEAX's 6.10% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.10% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
HYDW vs. VWEAX - Drawdown Comparison
The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for HYDW and VWEAX. For additional features, visit the drawdowns tool.
Volatility
HYDW vs. VWEAX - Volatility Comparison
Xtrackers Low Beta High Yield Bond ETF (HYDW) has a higher volatility of 1.00% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.71%. This indicates that HYDW's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.