PSWD vs. BHYB
PSWD (Xtrackers Cybersecurity Select Equity ETF) and BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. Both are passively managed. Over the past year, PSWD returned 20.73% vs 5.71% for BHYB. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.20% expense ratio.
Performance
PSWD vs. BHYB - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD achieves a 26.31% return, which is significantly higher than BHYB's 2.00% return.
PSWD
- 1D
- 1.28%
- 1M
- -1.30%
- 6M
- 26.74%
- YTD
- 26.31%
- 1Y
- 20.73%
- 3Y*
- 17.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.24%
BHYB
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 1.40%
- YTD
- 2.00%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.98M | $10.04M | $9.98M | |
| $62.12K | $66.88K | $71.33K |
PSWD vs. BHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSWD Xtrackers Cybersecurity Select Equity ETF | 26.31% | 1.69% | 9.46% | 27.67% |
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2.00% | 8.90% | 6.44% | 8.23% |
Correlation
The correlation between PSWD and BHYB is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.51 |
The correlation between PSWD and BHYB has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
PSWD vs. BHYB — Risk / Return Rank
PSWD
BHYB
PSWD vs. BHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers USD High Yield BB-B ex Financials ETF (BHYB). 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.
| PSWD | BHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.34 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.53 | -1.74 |
| Martin ratioReturn relative to average drawdown | 1.78 | 11.52 | -9.75 |
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Drawdowns
PSWD vs. BHYB - Drawdown Comparison
The maximum PSWD drawdown since its inception was -23.70%, which is greater than BHYB's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for PSWD and BHYB.
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Drawdown Indicators
| PSWD | BHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -4.23% | -19.47% |
Max Drawdown (1Y)Largest decline over 1 year | -23.70% | -2.27% | -21.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | — | — |
Current DrawdownCurrent decline from peak | -6.86% | -0.28% | -6.58% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -0.39% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 0.50% | +10.05% |
Volatility
PSWD vs. BHYB - Volatility Comparison
Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 8.88% compared to Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) at 0.65%. This indicates that PSWD's price experiences larger fluctuations and is considered to be riskier than BHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSWD | BHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 0.65% | +8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 2.61% | +20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 3.41% | +23.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 4.61% | +19.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 4.61% | +19.44% |
PSWD vs. BHYB - Expense Ratio Comparison
Both PSWD and BHYB 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
PSWD vs. BHYB - Dividend Comparison
PSWD's dividend yield for the trailing twelve months is around 0.62%, less than BHYB's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.76% | 6.57% | 7.04% | 0.75% |
PSWD Xtrackers Cybersecurity Select Equity ETF | 0.62% | 0.88% | 1.49% | 0.55% |
Frequently Asked Questions
PSWD and BHYB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSWD has higher volatility (8.88%) compared to BHYB (0.65%). In terms of maximum drawdown, PSWD dropped -23.70% vs BHYB's -4.23%.
On 1-year performance, PSWD leads with 20.73% vs 5.71% for BHYB. Both ETFs have the same 0.20% expense ratio. On volatility, BHYB has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PSWD has performed better with a 20.73% return vs 5.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSWD and BHYB have the same expense ratio: 0.20% per year.
BHYB has the higher dividend yield at 5.76%, compared with 0.62% for PSWD.
PSWD is categorized as Technology Equities, while BHYB is High Yield Bonds. PSWD tracks Solactive Cyber Security ESG Screened Index, while BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross.
BHYB currently has the higher Sharpe Ratio (1.69 vs 0.69), 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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