iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO)
XHY.TO is a passive ETF by iShares tracking the investment results of the Morningstar Gbl HY Bd GR CAD. XHY.TO launched on Jan 21, 2010 and has a 0.56% expense ratio.
ETF Info
| Issuer | iShares |
|---|---|
| Inception Date | Jan 21, 2010 |
| Region | North America (United States) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | Morningstar Gbl HY Bd GR CAD |
| Home Page | www.blackrock.com |
| Asset Class | Bond |
Expense Ratio
XHY.TO features an expense ratio of 0.56%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: XHY.TO vs. XIG.TO, XHY.TO vs. TLT, XHY.TO vs. FLTR
Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in iShares U.S. High Yield Bond Index ETF (CAD-Hedged), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) had a return of 6.83% year-to-date (YTD) and 12.08% in the last 12 months. Over the past 10 years, iShares U.S. High Yield Bond Index ETF (CAD-Hedged) had an annualized return of 3.26%, while the S&P 500 had an annualized return of 11.39%, indicating that iShares U.S. High Yield Bond Index ETF (CAD-Hedged) did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.83% | 25.48% |
| 1 month | -0.22% | 2.14% |
| 6 months | 4.96% | 12.76% |
| 1 year | 12.08% | 33.14% |
| 5 years (annualized) | 2.74% | 13.96% |
| 10 years (annualized) | 3.26% | 11.39% |
Monthly Returns
The table below presents the monthly returns of XHY.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.07% | 0.42% | 0.49% | -0.79% | 0.69% | 1.31% | 1.55% | 2.08% | 1.21% | -0.75% | 6.83% | ||
| 2023 | 3.28% | -1.20% | 1.24% | 0.47% | -1.28% | 1.00% | 2.13% | 0.18% | -1.64% | -1.30% | 4.47% | 3.42% | 11.06% |
| 2022 | -2.84% | -0.49% | -1.11% | -4.36% | 1.47% | -6.77% | 7.08% | -4.99% | -4.53% | 4.89% | 2.52% | -1.60% | -11.10% |
| 2021 | -0.08% | 0.24% | 0.31% | 1.24% | 0.61% | 0.71% | 0.16% | 0.48% | -0.52% | -0.52% | -1.00% | 1.87% | 3.51% |
| 2020 | -0.85% | -1.97% | -14.65% | 9.96% | 2.44% | 0.53% | 4.65% | -0.15% | -1.58% | 1.20% | 3.46% | 1.48% | 2.65% |
| 2019 | 4.87% | 1.17% | 1.26% | 1.03% | -2.26% | 3.63% | -0.12% | 0.61% | 0.30% | 0.24% | 0.61% | 1.86% | 13.83% |
| 2018 | -0.76% | -0.87% | -0.80% | 0.88% | -0.17% | -0.02% | 1.51% | 1.10% | 0.51% | -2.45% | -0.44% | -2.38% | -3.89% |
| 2017 | 0.81% | 1.22% | -0.19% | 1.15% | 0.74% | 0.06% | 0.86% | -0.34% | 0.80% | -0.05% | -0.21% | 0.39% | 5.35% |
| 2016 | -2.65% | 2.18% | 2.85% | 3.24% | 0.64% | 1.43% | 1.97% | 1.63% | 1.03% | -0.75% | -0.25% | 1.79% | 13.76% |
| 2015 | 0.46% | 3.16% | -1.31% | 0.80% | 0.37% | -2.16% | -0.77% | -1.75% | -3.01% | 3.54% | -2.91% | -1.69% | -5.40% |
| 2014 | 0.98% | 2.37% | -0.03% | 0.64% | 0.96% | 0.67% | -2.14% | 2.04% | -2.35% | 1.02% | -0.50% | -0.68% | 2.90% |
| 2013 | 0.91% | 0.96% | 0.96% | 2.11% | -2.61% | -1.76% | 2.83% | -1.06% | 0.82% | 3.04% | 0.34% | -0.01% | 6.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of XHY.TO is 67, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) provided a 5.78% dividend yield over the last twelve months, with an annual payout of CA$0.97 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | CA$0.97 | CA$0.92 | CA$0.90 | CA$0.88 | CA$0.98 | CA$1.05 | CA$1.06 | CA$1.08 | CA$1.12 | CA$1.26 | CA$1.28 | CA$1.28 |
Dividend yield | 5.78% | 5.56% | 5.70% | 4.72% | 5.18% | 5.38% | 5.87% | 5.46% | 5.64% | 6.83% | 6.14% | 5.95% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. High Yield Bond Index ETF (CAD-Hedged). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.00 | CA$0.81 | |
| 2023 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.92 |
| 2022 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.08 | CA$0.08 | CA$0.09 | CA$0.90 |
| 2021 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.88 |
| 2020 | CA$0.09 | CA$0.09 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.09 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.08 | CA$0.98 |
| 2019 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$1.05 |
| 2018 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$1.06 |
| 2017 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$1.08 |
| 2016 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$1.12 |
| 2015 | CA$0.11 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.09 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.19 | CA$1.26 |
| 2014 | CA$0.10 | CA$0.10 | CA$0.11 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.17 | CA$1.28 |
| 2013 | CA$0.11 | CA$0.11 | CA$0.11 | CA$0.11 | CA$0.11 | CA$0.11 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.13 | CA$1.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. High Yield Bond Index ETF (CAD-Hedged). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. High Yield Bond Index ETF (CAD-Hedged) was 28.48%, occurring on Mar 19, 2020. Recovery took 159 trading sessions.
The current iShares U.S. High Yield Bond Index ETF (CAD-Hedged) drawdown is 0.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.48% | Feb 13, 2020 | 25 | Mar 19, 2020 | 159 | Nov 5, 2020 | 184 |
| -16.67% | Dec 24, 2021 | 192 | Sep 30, 2022 | 431 | Jun 19, 2024 | 623 |
| -14.21% | Apr 23, 2015 | 203 | Feb 11, 2016 | 103 | Jul 11, 2016 | 306 |
| -10.77% | Jul 25, 2011 | 50 | Oct 4, 2011 | 59 | Dec 29, 2011 | 109 |
| -7.83% | Apr 26, 2010 | 19 | May 20, 2010 | 41 | Jul 20, 2010 | 60 |
Volatility
Volatility Chart
The current iShares U.S. High Yield Bond Index ETF (CAD-Hedged) volatility is 1.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.