Xtrackers Low Beta High Yield Bond ETF
HYDW
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Jan 25, 2018
- CIK
- 0001503123
- Website
- etf.dws.com
- Similar Companies
- Business
- Xtrackers Low Beta High Yield Bond ETF (HYDW) is an exchange-traded fund that seeks to track the Solactive USD High Yield Corporates Total Market Low Beta Index, providing exposure to high-yield corporate bonds issued by low-beta companies with historically lower sensitivity to broad market movements. The ETF offers investors a diversified portfolio of below-investment-grade fixed-income securities, primarily U.S. dollar-denominated high-yield bonds from issuers across various sectors including corporate bonds from companies such as Medline Borrower LP, HUB International Ltd., and Teva Pharmaceutical Finance Netherlands III B.V.; it maintains shorter average duration holdings to mitigate interest rate risk and emphasizes issuers with strong credit fundamentals like below-average leverage ratios and above-average interest coverage. With an expense ratio of 0.20%, monthly dividend distributions yielding approximately 5.34% (trailing twelve months as of late 2025, including $0.1988 per share in October 2025), and assets under management of around $144 million, HYDW targets income-focused investors seeking high yield with reduced volatility compared to traditional high-yield bond strategies. HYDW operates within the fixed-income segment of the exchange-traded funds industry, focusing on high-yield bonds as a defensive income strategy amid rising interest rates and persistent inflation; its low historical volatility of 0.0253 outperforms category averages while navigating tight credit spreads of 2.99% as of October 2025. Launched under the Xtrackers brand, a passive solutions platform of DWS Group (a majority-owned subsidiary of Deutsche Bank spun off in 2018 and listed on the Frankfurt Stock Exchange), the ETF benefits from DWS's global presence and over 20 years of index-tracking experience, with Xtrackers managing more than EUR 251 billion in assets as of July 2025. Headquartered in New York, NY, through DWS, HYDW trades on the NYSE Arca exchange and primarily invests in U.S.-focused issuers, though holdings include international entities like Netherlands-based Teva Pharmaceutical. Recent developments for HYDW and its issuer include sustained portfolio resilience in 2025, with year-to-date returns of approximately 7.84% outperforming benchmarks amid Federal Reserve rate hikes, supported by the ETF's low-beta selection methodology and diversified top holdings representing 6.8% of assets. Xtrackers by DWS reported record assets under management in Q3 2025, driven by retail investor growth in Europe and geographic expansion efforts, boosting the broader platform amid competitive pressures from U.S. providers. While no specific acquisitions, funding rounds, or product launches directly impacted HYDW in the last 1-2 years, DWS continued ETF product updates elsewhere, such as the 2024 closure of the unrelated Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW), reflecting ongoing portfolio optimization.