HYUP vs. HYGH
Compare and contrast key facts about Xtrackers High Beta High Yield Bond ETF (HYUP) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
HYUP and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYUP is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market High Beta Index. It was launched on Jan 11, 2018. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYUP or HYGH.
Key characteristics
| HYUP | HYGH | |
|---|---|---|
| YTD Return | 9.52% | 9.50% |
| 1Y Return | 19.73% | 14.51% |
| 3Y Return (Ann) | 3.27% | 7.24% |
| 5Y Return (Ann) | 4.48% | 5.95% |
| Sharpe Ratio | 3.72 | 3.15 |
| Sortino Ratio | 5.97 | 4.45 |
| Omega Ratio | 1.78 | 1.72 |
| Calmar Ratio | 2.10 | 4.00 |
| Martin Ratio | 29.40 | 32.12 |
| Ulcer Index | 0.68% | 0.47% |
| Daily Std Dev | 5.36% | 4.74% |
| Max Drawdown | -24.79% | -23.88% |
| Current Drawdown | -0.59% | 0.00% |
Correlation
The correlation between HYUP and HYGH is 0.77, 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.
Performance
HYUP vs. HYGH - Performance Comparison
The year-to-date returns for both stocks are quite close, with HYUP having a 9.52% return and HYGH slightly lower at 9.50%. 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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HYUP vs. HYGH - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
HYUP vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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
HYUP vs. HYGH - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.59%, less than HYGH's 8.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 6.97% | 7.48% | 7.15% | 6.19% | 6.89% | 6.78% | 6.98% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.43% | 8.95% | 6.21% | 3.74% | 4.06% | 4.88% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
HYUP vs. HYGH - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, roughly equal to the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYUP and HYGH. For additional features, visit the drawdowns tool.
Volatility
HYUP vs. HYGH - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 0.86% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.77%. This indicates that HYUP's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.