ABXB vs. ABHY

Last updated Jun 4, 2026

ABXB (Abacus Flexible Bond Leaders ETF) and ABHY (Abacus Tactical High Yield ETF) are both Nontraditional Bonds funds from Abacus. ABXB is passively managed, while ABHY is actively managed. Over the past 5 years, ABXB returned 1.12%/yr vs 1.12%/yr for ABHY. With a 1.00 correlation, they move nearly in lockstep. ABXB charges 0.62%/yr vs 0.63%/yr for ABHY.

Performance

ABXB vs. ABHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus Flexible Bond Leaders ETF (ABXB) and Abacus Tactical High Yield ETF (ABHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with ABXB at 0.19% and ABHY at 0.19%.

ABXB

• 1D: -0.31%
• 1M: 0.32%
• YTD: 0.19%
• 6M: 0.47%
• 1Y: 5.34%
• 3Y*: 6.41%
• 5Y*: 1.12%
• 10Y*: —

ABHY

• 1D: -0.31%
• 1M: 0.32%
• YTD: 0.19%
• 6M: 0.47%
• 1Y: 5.34%
• 3Y*: 6.41%
• 5Y*: 1.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABXB vs. ABHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ABXB Abacus Flexible Bond Leaders ETF	0.19%	8.73%	4.69%	7.79%	-14.49%	1.30%	0.87%
ABHY Abacus Tactical High Yield ETF	0.19%	8.73%	4.69%	7.79%	-14.49%	1.30%	0.87%

Correlation

The correlation between ABXB and ABHY is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	1.00

The correlation between ABXB and ABHY has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

ABXB vs. ABHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABXB

ABXB Risk / Return Rank: 41
ABXB Sharpe Ratio Rank: 45
ABXB Sortino Ratio Rank: 44
ABXB Omega Ratio Rank: 46
ABXB Calmar Ratio Rank: 32
ABXB Martin Ratio Rank: 35

ABHY

ABHY Risk / Return Rank: 40
ABHY Sharpe Ratio Rank: 44
ABHY Sortino Ratio Rank: 43
ABHY Omega Ratio Rank: 45
ABHY Calmar Ratio Rank: 32
ABHY Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABXB vs. ABHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus Flexible Bond Leaders ETF (ABXB) and Abacus Tactical High Yield ETF (ABHY). 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.

	ABXB	ABHY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.54	0.00
Sortino ratio: Return per unit of downside risk	2.18	2.18	0.00
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	1.56	1.56	0.00
Martin ratio: Return relative to average drawdown	5.28	5.28	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABXB vs. ABHY - Sharpe Ratio Comparison

The current ABXB Sharpe Ratio is 1.54, which is comparable to the ABHY Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of ABXB and ABHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABXB	ABHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.54	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.20	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.24	0.00

Drawdowns

ABXB vs. ABHY - Drawdown Comparison

The maximum ABXB drawdown since its inception was -16.96%, roughly equal to the maximum ABHY drawdown of -16.96%. Use the drawdown chart below to compare losses from any high point for ABXB and ABHY.

Drawdown Indicators

	ABXB	ABHY	Difference
Max Drawdown Largest peak-to-trough decline	-16.96%	-16.96%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-3.43%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-3.81%	-3.81%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-16.96%	0.00%
Current Drawdown Current decline from peak	-1.60%	-1.60%	0.00%
Average Drawdown Average peak-to-trough decline	-5.73%	-5.73%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.01%	0.00%

Volatility

ABXB vs. ABHY - Volatility Comparison

Abacus Flexible Bond Leaders ETF (ABXB) and Abacus Tactical High Yield ETF (ABHY) have volatilities of 0.98% and 0.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABXB	ABHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.98%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	2.74%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	3.48%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.59%	5.59%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.44%	5.44%	0.00%

ABXB vs. ABHY - Expense Ratio Comparison

ABXB has a 0.62% expense ratio, which is lower than ABHY's 0.63% expense ratio.

Dividends

ABXB vs. ABHY - Dividend Comparison

ABXB's dividend yield for the trailing twelve months is around 5.20%, which matches ABHY's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ABHY Abacus Tactical High Yield ETF	5.20%	5.50%	15.35%	4.79%	3.18%	3.40%	0.37%
ABXB Abacus Flexible Bond Leaders ETF	5.20%	5.50%	15.35%	4.79%	3.18%	3.40%	0.37%

Frequently Asked Questions

Can I hold both ABXB and ABHY in my portfolio?

With a correlation of 1.00, ABXB and ABHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ABXB or ABHY?

ABHY has higher volatility (0.98%) compared to ABXB (0.98%). In terms of maximum drawdown, ABXB dropped -16.96% vs ABHY's -16.96%.

Which ETF is better, ABXB or ABHY?

On 5-year performance, ABHY leads with 1.12% vs 1.12% for ABXB. On fees, ABXB is cheaper at 0.62% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABXB or ABHY?

Over the 5-year period, ABHY has performed better with a 1.12% return vs 1.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABXB or ABHY?

ABXB is cheaper with a 0.62% expense ratio, compared with 0.63% for ABHY.

Which ETF pays a higher dividend yield, ABXB or ABHY?

ABXB and ABHY have nearly identical dividend yields, around 5.20%.

What is the main difference between ABXB and ABHY?

Their fees differ too: 0.62% for ABXB and 0.63% for ABHY.

Which has better risk-adjusted returns?

ABHY currently has the higher Sharpe Ratio (1.54 vs 1.54), 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.