HYUP vs. USHY
Compare and contrast key facts about Xtrackers High Beta High Yield Bond ETF (HYUP) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
HYUP and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both HYUP and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYUP vs. USHY - Performance Comparison
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HYUP vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | -0.11% | 8.83% | 10.30% | 14.56% | -13.30% | 5.13% | 5.73% | 16.54% | -3.90% |
USHY iShares Broad USD High Yield Corporate Bond ETF | -0.05% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.98% |
Returns By Period
In the year-to-date period, HYUP achieves a -0.11% return, which is significantly lower than USHY's -0.05% return.
HYUP
- 1D
- 0.32%
- 1M
- -0.92%
- YTD
- -0.11%
- 6M
- 0.87%
- 1Y
- 7.74%
- 3Y*
- 9.66%
- 5Y*
- 4.28%
- 10Y*
- —
USHY
- 1D
- 0.33%
- 1M
- -0.67%
- YTD
- -0.05%
- 6M
- 0.98%
- 1Y
- 7.26%
- 3Y*
- 8.45%
- 5Y*
- 4.21%
- 10Y*
- —
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HYUP vs. USHY - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is higher than USHY's 0.15% 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%.
Return for Risk
HYUP vs. USHY — Risk / Return Rank
HYUP
USHY
HYUP vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.32 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.94 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.91 | -0.19 |
Martin ratioReturn relative to average drawdown | 8.32 | 9.64 | -1.31 |
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 | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.32 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.56 | -0.06 |
Correlation
The correlation between HYUP and USHY is 0.89, 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.
Dividends
HYUP vs. USHY - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.39%, more than USHY's 6.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 7.39% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.95% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Drawdowns
HYUP vs. USHY - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for HYUP and USHY.
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Drawdown Indicators
| HYUP | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -22.44% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -3.92% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -15.56% | -2.50% |
Current DrawdownCurrent decline from peak | -1.42% | -1.03% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -2.71% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.77% | +0.19% |
Volatility
HYUP vs. USHY - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 2.41% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 2.21%. This indicates that HYUP's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYUP | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.21% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.84% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 5.52% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 7.33% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 8.32% | +1.51% |