HYGV vs. HYDW
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and Xtrackers Low Beta High Yield Bond ETF (HYDW).
HYGV and HYDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. 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. Both HYGV and HYDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYGV vs. HYDW - Performance Comparison
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HYGV vs. HYDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | -0.23% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
HYDW Xtrackers Low Beta High Yield Bond ETF | -0.14% | 8.47% | 5.42% | 9.84% | -7.86% | 2.77% | 5.51% | 11.44% | -0.48% |
Returns By Period
In the year-to-date period, HYGV achieves a -0.23% return, which is significantly lower than HYDW's -0.14% return.
HYGV
- 1D
- 0.29%
- 1M
- -0.80%
- YTD
- -0.23%
- 6M
- 0.82%
- 1Y
- 6.88%
- 3Y*
- 7.94%
- 5Y*
- 3.43%
- 10Y*
- —
HYDW
- 1D
- 0.21%
- 1M
- -0.68%
- YTD
- -0.14%
- 6M
- 1.39%
- 1Y
- 6.16%
- 3Y*
- 6.37%
- 5Y*
- 3.49%
- 10Y*
- —
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HYGV vs. HYDW - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than HYDW's 0.20% expense ratio.
Return for Risk
HYGV vs. HYDW — Risk / Return Rank
HYGV
HYDW
HYGV vs. HYDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and Xtrackers Low Beta High Yield Bond ETF (HYDW). 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.
| HYGV | HYDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.44 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.59 | 2.17 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.36 | -0.78 |
Martin ratioReturn relative to average drawdown | 7.57 | 11.48 | -3.91 |
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
| HYGV | HYDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.44 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.55 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.57 | -0.04 |
Correlation
The correlation between HYGV and HYDW is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HYGV vs. HYDW - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 7.52%, more than HYDW's 5.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.52% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
HYDW Xtrackers Low Beta High Yield Bond ETF | 5.63% | 5.75% | 5.35% | 5.69% | 4.78% | 3.30% | 4.45% | 4.56% | 4.42% |
Drawdowns
HYGV vs. HYDW - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, which is greater than HYDW's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for HYGV and HYDW.
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Drawdown Indicators
| HYGV | HYDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -17.75% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -2.72% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -12.68% | -4.44% |
Current DrawdownCurrent decline from peak | -1.32% | -0.91% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -1.92% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.56% | +0.38% |
Volatility
HYGV vs. HYDW - Volatility Comparison
FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a higher volatility of 2.32% compared to Xtrackers Low Beta High Yield Bond ETF (HYDW) at 1.73%. This indicates that HYGV's price experiences larger fluctuations and is considered to be riskier than HYDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGV | HYDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.73% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 2.28% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 4.31% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 6.40% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 7.05% | +2.23% |