BHYB vs. AAA
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and AAF First Priority CLO Bond ETF (AAA).
BHYB and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BHYB is a passively managed fund by Xtrackers that tracks the performance of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. It was launched on Oct 26, 2023. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYB or AAA.
Correlation
The correlation between BHYB and AAA is 0.02, 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.
Performance
BHYB vs. AAA - Performance Comparison
Key characteristics
BHYB:
1.39
AAA:
1.48
BHYB:
2.02
AAA:
2.05
BHYB:
1.29
AAA:
1.38
BHYB:
1.72
AAA:
1.97
BHYB:
9.45
AAA:
15.90
BHYB:
0.77%
AAA:
0.30%
BHYB:
5.25%
AAA:
3.20%
BHYB:
-4.23%
AAA:
-2.63%
BHYB:
-1.86%
AAA:
-0.91%
Returns By Period
In the year-to-date period, BHYB achieves a 0.31% return, which is significantly higher than AAA's 0.09% return.
BHYB
0.31%
-1.44%
0.17%
6.93%
N/A
N/A
AAA
0.09%
-0.73%
1.41%
4.57%
N/A
N/A
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BHYB vs. AAA - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than AAA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BHYB vs. AAA — Risk-Adjusted Performance Rank
BHYB
AAA
BHYB vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and AAF First Priority CLO Bond ETF (AAA). 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.
Dividends
BHYB vs. AAA - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 7.10%, more than AAA's 5.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 7.10% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% |
AAA AAF First Priority CLO Bond ETF | 5.98% | 6.17% | 6.11% | 2.78% | 1.06% | 0.32% |
Drawdowns
BHYB vs. AAA - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for BHYB and AAA. For additional features, visit the drawdowns tool.
Volatility
BHYB vs. AAA - Volatility Comparison
Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) has a higher volatility of 3.80% compared to AAF First Priority CLO Bond ETF (AAA) at 2.70%. This indicates that BHYB's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.