HYLB vs. BSV
Compare and contrast key facts about Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Vanguard Short-Term Bond ETF (BSV).
HYLB and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both HYLB and BSV 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: HYLB or BSV.
Key characteristics
| HYLB | BSV | |
|---|---|---|
| YTD Return | 0.64% | -0.77% |
| 1Y Return | 8.78% | 1.61% |
| 3Y Return (Ann) | 1.05% | -0.78% |
| 5Y Return (Ann) | 2.88% | 1.01% |
| Sharpe Ratio | 1.46 | 0.69 |
| Daily Std Dev | 6.03% | 2.93% |
| Max Drawdown | -22.91% | -8.54% |
| Current Drawdown | -0.97% | -2.80% |
Correlation
The correlation between HYLB and BSV is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYLB vs. BSV - Performance Comparison
In the year-to-date period, HYLB achieves a 0.64% return, which is significantly higher than BSV's -0.77% 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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HYLB vs. BSV - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is higher than BSV's 0.04% 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
HYLB vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Vanguard Short-Term Bond ETF (BSV). 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
HYLB vs. BSV - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.12%, more than BSV's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.12% | 5.84% | 5.53% | 4.45% | 5.23% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 2.85% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
Drawdowns
HYLB vs. BSV - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for HYLB and BSV. For additional features, visit the drawdowns tool.
Volatility
HYLB vs. BSV - Volatility Comparison
Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 1.61% compared to Vanguard Short-Term Bond ETF (BSV) at 0.78%. This indicates that HYLB's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.