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ETFs

Xtrackers Low Beta High Yield Bond ETF

HYDW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 11, 2018
Expense Ratio
0.20%
Type
Global Bonds
Fund Owner
DWS
Volume (1m avg. daily)
$1,237,817
AUM
$219,724,926
Associated Index
Solactive USD High Yield Corporates Total Market Low Beta Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MZDM5272642
MOZART DEBT MERGER SUB 3.875 4/1/2029
0.95%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.94%
ERI5004410
Caesars Holdings Inc 6.25 07/01/2025
0.81%
TFAB
Teva Pharma Fin 3.15 % Notes 2016-01.10.26 Gtd Global
0.74%
CHTR4445834
CCO Holdings LLC 5.125 05/01/2027
0.66%
BCUL5047257
1011778 BC Unlimited Liability Co 4.00 10/15/2030
0.60%
CHTR4527616
CCO Holdings LLC 5.00 02/01/2028
0.57%
CHTR4885914
CCO Holdings LLC 4.75 03/01/2030
0.56%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
0.56%
WDCD
Western Digital 4.75 % Notes 2018-15.02.26 Gtd Global
0.55%
Invest with HYDW

What is HYDW?

Xtrackers Low Beta High Yield Bond ETF (the Fund ) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Low Beta Index (the Underlying Index ).

ETFs related toHYDW

ETFs correlated to HYDW include HYBB, HYLB, HYG

HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHYDW

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYDW using Composer

News Related to HYDW

A Junk Bond ETF For Skittish Investors

Sep 3, 2019 • by ETF Professor
Read

More New Junk Bond ETFs Debut

Jan 12, 2018 • by Benzinga
Read

FAQ

HYDW is a Global Bonds ETF. Xtrackers Low Beta High Yield Bond ETF (the Fund ) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Low Beta Index (the Underlying Index ).

HYDW tracks the Solactive USD High Yield Corporates Total Market Low Beta Index.

No, HYDW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYDW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYDW is -0.0024%. This is the percent change in the value of HYDW over the most recent 1-month period. The 3-month return on HYDW is -0.0009%. This is the percent change in the value of HYDW over the most recent 3-month period.

The standard deviation of HYDW for the past year is 0.0886%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYDW include IGSB, SPIB, and VCIT.

ETFs correlated to HYDW include HYBB, HYLB, and HYG.

ETFs that are inversely correlated to HYDW include SJB, SPXU, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.