HYLB vs. VGHY
HYLB (Xtrackers USD High Yield Corporate Bond ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. HYLB is passively managed, while VGHY is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. HYLB charges 0.15%/yr vs 0.22%/yr for VGHY.
Performance
HYLB vs. VGHY - Performance Comparison
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Returns By Period
In the year-to-date period, HYLB achieves a 1.65% return, which is significantly higher than VGHY's 1.44% return.
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
VGHY
- 1D
- 0.06%
- 1M
- 0.32%
- YTD
- 1.44%
- 6M
- 2.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLB vs. VGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 1.55% |
VGHY Vanguard High-Yield Active ETF | 1.44% | 1.80% |
Correlation
The correlation between HYLB and VGHY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.80 |
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Return for Risk
HYLB vs. VGHY — Risk / Return Rank
HYLB
VGHY
HYLB vs. VGHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Vanguard High-Yield Active ETF (VGHY). 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 | VGHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | — | — |
| Martin ratioReturn relative to average drawdown | 12.90 | — | — |
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
| HYLB | VGHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.08 | -0.50 |
Drawdowns
HYLB vs. VGHY - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for HYLB and VGHY.
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Drawdown Indicators
| HYLB | VGHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -2.66% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.24% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -0.45% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | — | — |
Volatility
HYLB vs. VGHY - Volatility Comparison
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Volatility by Period
| HYLB | VGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.28% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 4.28% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 4.28% | +3.90% |
HYLB vs. VGHY - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than VGHY's 0.22% 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. VGHY - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.48%, more than VGHY's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGHY Vanguard High-Yield Active ETF | 3.98% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLB and VGHY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYLB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.22% for VGHY.
HYLB has the higher dividend yield at 6.48%, compared with 3.98% for VGHY.
They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.15% for HYLB and 0.22% for VGHY.
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