HYUP vs. HYGV
HYUP (Xtrackers High Beta High Yield Bond ETF) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both High Yield Bonds funds - HYUP tracks the Solactive USD High Yield Corporates Total Market High Beta Index while HYGV tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index. Both are passively managed. Over the past 5 years, HYUP returned 4.39%/yr vs 3.49%/yr for HYGV. Their correlation of 0.91 suggests significant overlap in exposure. HYUP charges 0.20%/yr vs 0.37%/yr for HYGV.
Performance
HYUP vs. HYGV - Performance Comparison
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Returns By Period
In the year-to-date period, HYUP achieves a 1.63% return, which is significantly higher than HYGV's 1.42% return.
HYUP
- 1D
- -0.33%
- 1M
- 0.54%
- YTD
- 1.63%
- 6M
- 2.12%
- 1Y
- 7.43%
- 3Y*
- 10.16%
- 5Y*
- 4.39%
- 10Y*
- —
HYGV
- 1D
- -0.24%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.66%
- 1Y
- 6.94%
- 3Y*
- 8.38%
- 5Y*
- 3.49%
- 10Y*
- —
HYUP vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 1.63% | 8.83% | 10.30% | 14.56% | -13.30% | 5.13% | 5.73% | 16.54% | -4.30% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.42% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
Correlation
The correlation between HYUP and HYGV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.91 |
The correlation between HYUP and HYGV has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
HYUP vs. HYGV — Risk / Return Rank
HYUP
HYGV
HYUP vs. HYGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
| HYUP | HYGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.81 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.79 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.60 | -0.15 |
Martin ratioReturn relative to average drawdown | 10.46 | 11.22 | -0.76 |
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
| HYUP | HYGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.81 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.46 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Drawdowns
HYUP vs. HYGV - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for HYUP and HYGV.
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Drawdown Indicators
| HYUP | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -23.47% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.68% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -5.56% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -17.12% | -0.94% |
Current DrawdownCurrent decline from peak | -0.36% | -0.27% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.32% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.62% | +0.09% |
Volatility
HYUP vs. HYGV - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 1.35% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.17%. This indicates that HYUP's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYUP | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 3.02% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 3.85% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 7.59% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 9.20% | +0.55% |
HYUP vs. HYGV - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Dividends
HYUP vs. HYGV - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.33%, less than HYGV's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.41% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
HYUP Xtrackers High Beta High Yield Bond ETF | 7.33% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% |
Frequently Asked Questions
With a correlation of 0.91, HYUP and HYGV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HYUP has higher volatility (1.35%) compared to HYGV (1.17%). In terms of maximum drawdown, HYUP dropped -24.79% vs HYGV's -23.47%.
On 5-year performance, HYUP leads with 4.39% vs 3.49% for HYGV. On fees, HYUP is cheaper at 0.20% per year. On volatility, HYGV has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYUP has performed better with a 4.39% return vs 3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYUP is cheaper with a 0.20% expense ratio, compared with 0.37% for HYGV.
HYGV has the higher dividend yield at 7.41%, compared with 7.33% for HYUP.
HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index, while HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index. They also come from different issuers: Deutsche Bank and Northern Trust. Their fees differ too: 0.20% for HYUP and 0.37% for HYGV.
HYGV currently has the higher Sharpe Ratio (1.81 vs 1.76), 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.
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