XHY.TO Alternatives & Similar ETFs

iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XHY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to XHY.TO

XHY.TO charges 0.56% annually. There are 2 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.49%.

Symbol	Name	Expense Ratio	AUM	Inception
CVD.TO	iShares Convertible Bond Index ETF	0.49%	126.81M	Jun 2011	XHY.TO vs CVD.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.55%	45.15M	Jan 2015	XHY.TO vs XSI.TO
ZHY.TO	BMO High Yield US Corporate Bond Hedged to CAD Ind...	0.61%	1.53B	Oct 2009	XHY.TO vs ZHY.TO
NHYB.TO	NBI High Yield Bond ETF	0.68%	1.37B	Jan 2020	XHY.TO vs NHYB.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	0.76%	—	Apr 2022	XHY.TO vs CGHY.TO

Best Risk-Adjusted Alternatives to XHY.TO

XHY.TO has a PortfoliosLab risk / return rank of 29. There are 7 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 61.

Symbol	Name	Risk / Return Rank	AUM	Inception
DXO.TO	Dynamic Active Crossover Bond ETF	61	96.39M	Jan 2017	XHY.TO vs DXO.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	58	1.73B	Feb 2021	XHY.TO vs ZJK.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	49	—	Apr 2022	XHY.TO vs CGHY.TO
XFLI.TO	iShares Flexible Monthly Income ETF CAD	45	557.60M	Sep 2024	XHY.TO vs XFLI.TO
CVD.TO	iShares Convertible Bond Index ETF	41	126.81M	Jun 2011	XHY.TO vs CVD.TO

Top Performing XHY.TO Alternatives (YTD)

XHY.TO is at 1.09% YTD. There are 5 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 5.16%.

Symbol	Name	YTD Return	AUM	Inception
CVD.TO	iShares Convertible Bond Index ETF	5.16%	126.81M	Jun 2011	XHY.TO vs CVD.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	4.64%	1.73B	Feb 2021	XHY.TO vs ZJK.TO
XFLI.TO	iShares Flexible Monthly Income ETF CAD	3.57%	557.60M	Sep 2024	XHY.TO vs XFLI.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	3.26%	—	Apr 2022	XHY.TO vs CGHY.TO
DXO.TO	Dynamic Active Crossover Bond ETF	1.60%	96.39M	Jan 2017	XHY.TO vs DXO.TO

Lowest Volatility Alternatives to XHY.TO

XHY.TO has 4.57% 1-year volatility. There are 2 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 3.34%.

Symbol	Name	Volatility 1Y	AUM	Inception
DXO.TO	Dynamic Active Crossover Bond ETF	3.34%	96.39M	Jan 2017	XHY.TO vs DXO.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	3.59%	45.15M	Jan 2015	XHY.TO vs XSI.TO
TUHY.TO	TD Active U.S. High Yield Bond ETF	5.08%	573.43M	Nov 2019	XHY.TO vs TUHY.TO
NHYB.TO	NBI High Yield Bond ETF	5.36%	1.37B	Jan 2020	XHY.TO vs NHYB.TO
ZHY.TO	BMO High Yield US Corporate Bond Hedged to CAD Ind...	5.38%	1.53B	Oct 2009	XHY.TO vs ZHY.TO

Lowest Drawdown Alternatives to XHY.TO

XHY.TO has a 1-year max drawdown of -2.87%. There are 4 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.18%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	-2.18%	—	Apr 2022	XHY.TO vs CGHY.TO
DXO.TO	Dynamic Active Crossover Bond ETF	-2.41%	96.39M	Jan 2017	XHY.TO vs DXO.TO
NHYB.TO	NBI High Yield Bond ETF	-2.42%	1.37B	Jan 2020	XHY.TO vs NHYB.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	-2.42%	45.15M	Jan 2015	XHY.TO vs XSI.TO
ZHY.TO	BMO High Yield US Corporate Bond Hedged to CAD Ind...	-2.96%	1.53B	Oct 2009	XHY.TO vs ZHY.TO

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 8 categories. AUM among these funds goes as high as $31B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	87	13.83%	20.38B	Aug 2019	XHY.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	27.23%	5.84B	Jun 2017	XHY.TO vs XDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	27.30%	4.29B	Apr 2011	XHY.TO vs XEI.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.89%	31.26B	Feb 2001	XHY.TO vs XIC.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	92	13.50%	23.86B	Sep 1999	XHY.TO vs XIU.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	39	13.97%	5.47B	May 2011	XHY.TO vs XQQ.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	67	12.85%	22.58B	Apr 2013	XHY.TO vs XEF.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	78	11.30%	5.00B	Jun 2007	XHY.TO vs XGRO.TO
XUS.TO	iShares Core S&P 500 Index ETF	S&P 500	78	13.29%	13.05B	Apr 2013	XHY.TO vs XUS.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	82	14.58%	4.44B	Feb 2015	XHY.TO vs XAW.TO

Often Compared With XHY.TO

Investors most often compare XHY.TO with XBB, XIG.TO, XFR.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XBB	BondBloxx BB Rated USD High Yield Corporate Bond E...	High Yield Bonds	46	1.56%	526.68M	May 2022	XHY.TO vs XBB
XIG.TO	iShares U.S. IG Corporate Bond Index ETF (CAD-Hedg...	Corporate Bonds	13	-1.78%	289.92M	Jan 2010	XHY.TO vs XIG.TO
XFR.TO	iShares Floating Rate Index ETF	Canadian Government Bonds	98	1.36%	794.03M	Dec 2011	XHY.TO vs XFR.TO
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	59	1.75%	16.52B	Apr 2007	XHY.TO vs HYG
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	Corporate Bonds	61	2.00%	225.48M	Sep 2010	XHY.TO vs XHB.TO
FLTR	VanEck IG Floating Rate ETF	Corporate Bonds, Ultrashort Bond	99	2.58%	2.92B	Apr 2011	XHY.TO vs FLTR
BSV	Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	64	0.37%	69.90B	Apr 2007	XHY.TO vs BSV
FLOT	iShares Floating Rate Bond ETF	Ultrashort Bond, Corporate Bonds	99	2.33%	10.10B	Jun 2011	XHY.TO vs FLOT
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	13	-1.84%	42.81B	Jul 2002	XHY.TO vs TLT
ZBI.TO	BMO Canadian Bank Income Index ETF	Canadian Government Bonds	90	2.18%	—	Feb 2022	XHY.TO vs ZBI.TO
ZFH.TO	BMO Floating Rate High Yield ETF	High Yield Bonds	42	2.65%	250.56M	Feb 2014	XHY.TO vs ZFH.TO
XSTH.TO	iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)	Inflation-Protected Bonds	24	0.74%	—	Jul 2021	XHY.TO vs XSTH.TO
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.12%	6.63B	Nov 2021	XHY.TO vs CASH.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	75	5.95%	416.76M	Aug 2019	XHY.TO vs XCNS.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	56	8.79%	15.67B	May 2001	XHY.TO vs XSP.TO
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	High Yield Bonds, Corporate Bonds	87	3.69%	574.04M	May 2014	XHY.TO vs HYGH
ZPR.TO	BMO Laddered Preferred Share Index ETF	Preferred Stock/Convertible Bonds	97	8.74%	1.62B	Nov 2012	XHY.TO vs ZPR.TO
XCB.TO	iShares Core Canadian Corporate Bond Index ETF	Corporate Bonds	41	1.34%	3.33B	Nov 2006	XHY.TO vs XCB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	59	1.44%	3.54B	Jan 2011	XHY.TO vs ZST.TO
PMIF.TO	PIMCO Monthly Income Fund (Canada)		46	-0.13%	39.17B	—	XHY.TO vs PMIF.TO

Compare XHY.TO with Any Fund or Stock

Compare XHY.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair XHY.TO with funds that move differently

iShares U.S. High Yield Bond Index ETF (CAD-Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XHY.TO.

Explore XHY.TO Diversifiers

iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) Alternatives