HYLB vs. PFFD
Compare and contrast key facts about Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Global X U.S. Preferred ETF (PFFD).
HYLB and PFFD 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. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both HYLB and PFFD 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 PFFD.
Key characteristics
| HYLB | PFFD | |
|---|---|---|
| YTD Return | 1.62% | 3.51% |
| 1Y Return | 10.25% | 13.55% |
| 3Y Return (Ann) | 1.41% | -2.85% |
| 5Y Return (Ann) | 3.08% | 1.63% |
| Sharpe Ratio | 1.64 | 1.00 |
| Daily Std Dev | 6.07% | 10.73% |
| Max Drawdown | -22.91% | -30.93% |
| Current Drawdown | -0.01% | -11.81% |
Correlation
The correlation between HYLB and PFFD 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
HYLB vs. PFFD - Performance Comparison
In the year-to-date period, HYLB achieves a 1.62% return, which is significantly lower than PFFD's 3.51% 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. PFFD - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than PFFD's 0.23% 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%.
Risk-Adjusted Performance
HYLB vs. PFFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Global X U.S. Preferred ETF (PFFD). 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. PFFD - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.06%, less than PFFD's 6.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.06% | 5.84% | 5.53% | 4.45% | 5.23% | 5.71% | 5.95% | 5.85% | 0.27% |
PFFD Global X U.S. Preferred ETF | 6.41% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% | 0.00% |
Drawdowns
HYLB vs. PFFD - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for HYLB and PFFD. For additional features, visit the drawdowns tool.
Volatility
HYLB vs. PFFD - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond ETF (HYLB) is 1.79%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 3.82%. This indicates that HYLB experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.