IBHD vs. HYDW

Last updated Jul 12, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and HYDW (Xtrackers Low Beta High Yield Bond ETF) are both High Yield Bonds funds - IBHD tracks the Bloomberg 2024 Term High Yield and Income Index while HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.20%/yr for HYDW.

Performance

IBHD vs. HYDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Xtrackers Low Beta High Yield Bond ETF (HYDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYDW

• 1D: -0.06%
• 1M: 0.33%
• 6M: 1.36%
• YTD: 1.53%
• 1Y: 5.35%
• 3Y*: 7.15%
• 5Y*: 3.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHD vs. HYDW - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
HYDW Xtrackers Low Beta High Yield Bond ETF	0.84%

Return for Risk

IBHD vs. HYDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HYDW

HYDW Risk / Return Rank: 73
HYDW Sharpe Ratio Rank: 69
HYDW Sortino Ratio Rank: 77
HYDW Omega Ratio Rank: 76
HYDW Calmar Ratio Rank: 63
HYDW Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBHD vs. HYDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Xtrackers Low Beta High Yield Bond ETF (HYDW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IBHD	HYDW	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.75	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	11.93	—

Drawdowns

Drawdown Indicators

	IBHD	HYDW	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.68%	—
Current Drawdown Current decline from peak	—	-0.15%	—
Average Drawdown Average peak-to-trough decline	—	-1.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.43%	—

Volatility

Volatility by Period

	IBHD	HYDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.41%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.95%	—

IBHD vs. HYDW - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than HYDW's 0.20% expense ratio.

Dividends

IBHD vs. HYDW - Dividend Comparison

IBHD has not paid dividends to shareholders, while HYDW's dividend yield for the trailing twelve months is around 5.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYDW Xtrackers Low Beta High Yield Bond ETF	5.74%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBHD or HYDW?

On fees, HYDW is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or HYDW?

HYDW is cheaper with a 0.20% expense ratio, compared with 0.35% for IBHD.

Which ETF pays a higher dividend yield, IBHD or HYDW?

HYDW has the higher dividend yield at 5.74%, compared with 0.00% for IBHD.

What is the main difference between IBHD and HYDW?

IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while HYDW tracks Solactive USD High Yield Corporates Total Market Low Beta Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.35% for IBHD and 0.20% for HYDW.