HYUP vs. SHYL
HYUP (Xtrackers High Beta High Yield Bond ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both High Yield Bonds funds from Deutsche Bank - HYUP tracks the Solactive USD High Yield Corporates Total Market High Beta Index while SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 5 years, HYUP returned 4.39%/yr vs 4.87%/yr for SHYL. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
HYUP vs. SHYL - 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 SHYL's 1.15% return.
HYUP
- 1D
- -0.33%
- 1M
- 0.54%
- YTD
- 1.63%
- 6M
- 2.12%
- 1Y
- 7.43%
- 3Y*
- 10.16%
- 5Y*
- 4.39%
- 10Y*
- —
SHYL
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.57%
- 1Y
- 6.04%
- 3Y*
- 8.28%
- 5Y*
- 4.87%
- 10Y*
- —
HYUP vs. SHYL - 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% | -3.90% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.15% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.84% |
Correlation
The correlation between HYUP and SHYL is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.87 |
The correlation between HYUP and SHYL has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
HYUP vs. SHYL — Risk / Return Rank
HYUP
SHYL
HYUP vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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 | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.81 | -1.36 |
| Martin ratioReturn relative to average drawdown | 10.46 | 15.01 | -4.55 |
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 | SHYL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.90 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.84 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.72 | -0.20 |
Drawdowns
HYUP vs. SHYL - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for HYUP and SHYL.
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Drawdown Indicators
| HYUP | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -19.26% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -1.59% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -4.73% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -9.60% | -8.46% |
Current DrawdownCurrent decline from peak | -0.36% | -0.23% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -1.54% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.40% | +0.31% |
Volatility
HYUP vs. SHYL - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 1.35% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.85%. This indicates that HYUP's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYUP | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.85% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.45% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 3.20% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 5.84% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 6.69% | +3.06% |
HYUP vs. SHYL - Expense Ratio Comparison
Both HYUP and SHYL have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
HYUP vs. SHYL - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.33%, more than SHYL'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% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
HYUP and SHYL have a correlation of 0.86, 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 SHYL (0.85%). In terms of maximum drawdown, HYUP dropped -24.79% vs SHYL's -19.26%.
On 5-year performance, SHYL leads with 4.87% vs 4.39% for HYUP. Both ETFs have the same 0.20% expense ratio. On volatility, SHYL has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHYL has performed better with a 4.87% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYUP and SHYL have the same expense ratio: 0.20% per year.
HYUP has the higher dividend yield at 7.33%, compared with 6.94% for SHYL.
HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index.
SHYL currently has the higher Sharpe Ratio (1.90 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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