HYLB vs. FAUDX

Last updated Jun 5, 2026

HYLB (Xtrackers USD High Yield Corporate Bond ETF) and FAUDX (Strategic Advisers Short Duration Fund) are both funds - HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index, while FAUDX is a Ultrashort Bond fund managed by Fidelity. Over the past 5 years, HYLB returned 4.06%/yr vs 2.50%/yr for FAUDX. At a 0.19 correlation, their price movements are largely independent. HYLB charges 0.15%/yr vs 0.26%/yr for FAUDX.

Performance

HYLB vs. FAUDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Strategic Advisers Short Duration Fund (FAUDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYLB achieves a 1.65% return, which is significantly higher than FAUDX's 0.18% return.

HYLB

• 1D: 0.11%
• 1M: 0.35%
• YTD: 1.65%
• 6M: 2.09%
• 1Y: 6.78%
• 3Y*: 8.79%
• 5Y*: 4.06%
• 10Y*: —

FAUDX

• 1D: -0.10%
• 1M: 0.14%
• YTD: 0.18%
• 6M: 0.19%
• 1Y: 2.44%
• 3Y*: 4.06%
• 5Y*: 2.50%
• 10Y*: 21.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLB vs. FAUDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYLB Xtrackers USD High Yield Corporate Bond ETF	1.65%	8.74%	8.14%	12.03%	-10.80%	3.94%	5.04%	14.06%	-1.80%	6.00%
FAUDX Strategic Advisers Short Duration Fund	0.18%	3.89%	4.75%	5.45%	-1.41%	-0.06%	2.40%	468.65%	1.30%	1.65%

Correlation

The correlation between HYLB and FAUDX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016	0.19

Over the past year, HYLB and FAUDX have become more correlated (0.44) than their long-term average of 0.19, meaning their price movements have been converging.

Return for Risk

HYLB vs. FAUDX — Risk / Return Rank

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

HYLB

HYLB Risk / Return Rank: 62
HYLB Sharpe Ratio Rank: 55
HYLB Sortino Ratio Rank: 60
HYLB Omega Ratio Rank: 61
HYLB Calmar Ratio Rank: 62
HYLB Martin Ratio Rank: 71

FAUDX

FAUDX Risk / Return Rank: 66
FAUDX Sharpe Ratio Rank: 45
FAUDX Sortino Ratio Rank: 80
FAUDX Omega Ratio Rank: 85
FAUDX Calmar Ratio Rank: 58
FAUDX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYLB vs. FAUDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Strategic Advisers Short Duration Fund (FAUDX). 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.

	HYLB	FAUDX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.93	-0.09
Sortino ratio: Return per unit of downside risk	2.79	3.84	-1.04
Omega ratio: Gain probability vs. loss probability	1.36	1.59	-0.23
Calmar ratio: Return relative to maximum drawdown	3.00	2.90	+0.10
Martin ratio: Return relative to average drawdown	12.90	12.22	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLB vs. FAUDX - Sharpe Ratio Comparison

The current HYLB Sharpe Ratio is 1.84, which is comparable to the FAUDX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of HYLB and FAUDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYLB	FAUDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.93	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	1.63	-1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.42	+0.16

Drawdowns

HYLB vs. FAUDX - Drawdown Comparison

The maximum HYLB drawdown since its inception was -22.91%, which is greater than FAUDX's maximum drawdown of -3.86%. Use the drawdown chart below to compare losses from any high point for HYLB and FAUDX.

Drawdown Indicators

	HYLB	FAUDX	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-3.86%	-19.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-1.00%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-4.51%	-1.00%	-3.51%
Max Drawdown (5Y) Largest decline over 5 years	-15.54%	-3.10%	-12.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-3.86%	—
Current Drawdown Current decline from peak	-0.09%	-0.20%	+0.11%
Average Drawdown Average peak-to-trough decline	-2.43%	-0.24%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.25%	+0.28%

Volatility

HYLB vs. FAUDX - Volatility Comparison

Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 1.19% compared to Strategic Advisers Short Duration Fund (FAUDX) at 0.57%. This indicates that HYLB's price experiences larger fluctuations and is considered to be riskier than FAUDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYLB	FAUDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	0.57%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	1.06%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	1.50%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.47%	1.60%	+5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.18%	42.31%	-34.13%

HYLB vs. FAUDX - Expense Ratio Comparison

HYLB has a 0.15% expense ratio, which is lower than FAUDX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HYLB vs. FAUDX - Dividend Comparison

HYLB's dividend yield for the trailing twelve months is around 6.48%, more than FAUDX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAUDX Strategic Advisers Short Duration Fund	3.24%	3.62%	4.03%	3.85%	1.50%	0.63%	1.48%	131.91%	2.30%	1.44%	1.40%	0.91%
HYLB Xtrackers USD High Yield Corporate Bond ETF	6.48%	6.29%	6.31%	5.84%	5.53%	4.45%	5.22%	5.71%	5.95%	5.85%	0.27%	0.00%

Frequently Asked Questions

Can I hold both HYLB and FAUDX in my portfolio?

HYLB and FAUDX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYLB or FAUDX?

HYLB has higher volatility (1.19%) compared to FAUDX (0.57%). In terms of maximum drawdown, HYLB dropped -22.91% vs FAUDX's -3.86%.

Which has better risk-adjusted returns?

FAUDX currently has the higher Sharpe Ratio (1.93 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.