BBN vs. HYG
Compare and contrast key facts about BlackRock Taxable Municipal Bond Trust (BBN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BBN is an actively managed fund by BlackRock. It was launched on Aug 27, 2010. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Performance
BBN vs. HYG - Performance Comparison
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BBN vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 0.77% | 8.59% | 6.01% | 3.55% | -31.02% | 2.68% | 16.95% | 22.78% | -2.86% | 15.03% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, BBN achieves a 0.77% return, which is significantly higher than HYG's -0.11% return. Over the past 10 years, BBN has underperformed HYG with an annualized return of 3.08%, while HYG has yielded a comparatively higher 5.16% annualized return.
BBN
- 1D
- -0.12%
- 1M
- -2.58%
- YTD
- 0.77%
- 6M
- 0.28%
- 1Y
- 4.41%
- 3Y*
- 3.52%
- 5Y*
- -1.71%
- 10Y*
- 3.08%
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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BBN vs. HYG - Expense Ratio Comparison
BBN has a 2.32% expense ratio, which is higher than HYG's 0.49% expense ratio.
Return for Risk
BBN vs. HYG — Risk / Return Rank
BBN
HYG
BBN vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
| BBN | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.25 | -0.83 |
Sortino ratioReturn per unit of downside risk | 0.64 | 1.87 | -1.23 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.82 | -1.29 |
Martin ratioReturn relative to average drawdown | 1.14 | 9.57 | -8.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBN | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.25 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.49 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.62 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.05 |
Correlation
The correlation between BBN and HYG is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BBN vs. HYG - Dividend Comparison
BBN's dividend yield for the trailing twelve months is around 7.19%, more than HYG's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 7.19% | 7.01% | 6.92% | 7.16% | 7.91% | 5.45% | 5.05% | 5.66% | 7.09% | 6.82% | 7.32% | 7.54% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
BBN vs. HYG - Drawdown Comparison
The maximum BBN drawdown since its inception was -38.37%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for BBN and HYG.
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Drawdown Indicators
| BBN | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -34.25% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -3.93% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -15.79% | -22.58% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | -22.03% | -16.34% |
Current DrawdownCurrent decline from peak | -18.47% | -1.05% | -17.42% |
Average DrawdownAverage peak-to-trough decline | -10.23% | -3.27% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 0.75% | +2.73% |
Volatility
BBN vs. HYG - Volatility Comparison
BlackRock Taxable Municipal Bond Trust (BBN) has a higher volatility of 4.08% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.30%. This indicates that BBN's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBN | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 2.30% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 2.93% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 5.57% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 7.51% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 8.31% | +6.82% |