AHYB vs. HYLB
AHYB (American Century Select High Yield ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - AHYB tracks the ICE BofA US High Yield Constrained (BB) while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 3 years, AHYB returned 8.04%/yr vs 8.79%/yr for HYLB. With a 0.96 correlation, they move nearly in lockstep. AHYB charges 0.45%/yr vs 0.15%/yr for HYLB.
Performance
AHYB vs. HYLB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AHYB achieves a 1.31% return, which is significantly lower than HYLB's 1.65% return.
AHYB
- 1D
- 0.18%
- 1M
- 0.40%
- YTD
- 1.31%
- 6M
- 2.00%
- 1Y
- 6.50%
- 3Y*
- 8.04%
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
AHYB vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 1.31% | 8.96% | 6.32% | 11.69% | -10.26% | 0.84% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -10.80% | 1.15% |
Correlation
The correlation between AHYB and HYLB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.96 |
The correlation between AHYB and HYLB has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AHYB vs. HYLB — Risk / Return Rank
AHYB
HYLB
AHYB vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| AHYB | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.00 | -0.29 |
| Martin ratioReturn relative to average drawdown | 12.65 | 12.90 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AHYB | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.84 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.58 | -0.04 |
Drawdowns
AHYB vs. HYLB - Drawdown Comparison
The maximum AHYB drawdown since its inception was -14.76%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for AHYB and HYLB.
Loading charts...
Drawdown Indicators
| AHYB | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -22.91% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.27% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -4.51% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.09% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.43% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.53% | -0.01% |
Volatility
AHYB vs. HYLB - Volatility Comparison
The current volatility for American Century Select High Yield ETF (AHYB) is 1.05%, while Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a volatility of 1.19%. This indicates that AHYB experiences smaller price fluctuations and is considered to be less risky than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AHYB | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.19% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.92% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.70% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 7.47% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 8.18% | -1.04% |
AHYB vs. HYLB - Expense Ratio Comparison
AHYB has a 0.45% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
AHYB vs. HYLB - Dividend Comparison
AHYB's dividend yield for the trailing twelve months is around 6.00%, less than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 6.00% | 5.80% | 5.87% | 5.28% | 5.06% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
Frequently Asked Questions
AHYB and HYLB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYLB has higher volatility (1.19%) compared to AHYB (1.05%). In terms of maximum drawdown, AHYB dropped -14.76% vs HYLB's -22.91%.
On 3-year performance, HYLB leads with 8.79% vs 8.04% for AHYB. On fees, HYLB is cheaper at 0.15% per year. On volatility, AHYB has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYLB has performed better with a 8.79% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.45% for AHYB.
HYLB has the higher dividend yield at 6.48%, compared with 6.00% for AHYB.
AHYB tracks ICE BofA US High Yield Constrained (BB), while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: American Century and DWS. Their fees differ too: 0.45% for AHYB and 0.15% for HYLB.
AHYB currently has the higher Sharpe Ratio (1.95 vs 1.84), 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.
Find the right allocation for AHYB and HYLB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer