HYUP vs. SCYB
HYUP (Xtrackers High Beta High Yield Bond ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - HYUP tracks the Solactive USD High Yield Corporates Total Market High Beta Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past year, HYUP returned 7.43% vs 6.99% for SCYB. Their correlation of 0.92 suggests significant overlap in exposure. HYUP charges 0.20%/yr vs 0.03%/yr for SCYB.
Performance
HYUP vs. SCYB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with HYUP having a 1.63% return and SCYB slightly lower at 1.55%.
HYUP
- 1D
- -0.33%
- 1M
- 0.54%
- YTD
- 1.63%
- 6M
- 2.12%
- 1Y
- 7.43%
- 3Y*
- 10.16%
- 5Y*
- 4.39%
- 10Y*
- —
SCYB
- 1D
- -0.29%
- 1M
- 0.36%
- YTD
- 1.55%
- 6M
- 1.87%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYUP vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 1.63% | 8.83% | 10.30% | 8.20% |
SCYB Schwab High Yield Bond ETF | 1.55% | 8.33% | 8.15% | 6.74% |
Correlation
The correlation between HYUP and SCYB is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.92 |
The correlation between HYUP and SCYB has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYUP vs. SCYB — Risk / Return Rank
HYUP
SCYB
HYUP vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) and Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.87 | -0.43 |
| Martin ratioReturn relative to average drawdown | 10.46 | 12.87 | -2.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYUP | SCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.88 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.68 | -1.17 |
Drawdowns
HYUP vs. SCYB - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for HYUP and SCYB.
Loading charts...
Drawdown Indicators
| HYUP | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -4.92% | -19.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.44% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.33% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.52% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.54% | +0.17% |
Volatility
HYUP vs. SCYB - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 1.35% compared to Schwab High Yield Bond ETF (SCYB) at 1.07%. This indicates that HYUP's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYUP | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.07% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.93% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 3.76% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 5.13% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 5.13% | +4.62% |
HYUP vs. SCYB - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is higher than SCYB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HYUP vs. SCYB - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.33%, more than SCYB's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SCYB Schwab High Yield Bond ETF | 6.94% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYUP and SCYB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYUP has higher volatility (1.35%) compared to SCYB (1.07%). In terms of maximum drawdown, HYUP dropped -24.79% vs SCYB's -4.92%.
On 1-year performance, HYUP leads with 7.43% vs 6.99% for SCYB. On fees, SCYB is cheaper at 0.03% per year. On volatility, SCYB has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYUP has performed better with a 7.43% return vs 6.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.20% for HYUP.
HYUP has the higher dividend yield at 7.33%, compared with 6.94% for SCYB.
HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: Deutsche Bank and Charles Schwab. Their fees differ too: 0.20% for HYUP and 0.03% for SCYB.
SCYB currently has the higher Sharpe Ratio (1.88 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.
Find the right allocation for HYUP and SCYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer