BHYB vs. BINC
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while BINC is a Multisector Bonds fund actively managed by iShares. BHYB is passively managed, while BINC is actively managed. Over the past year, BHYB returned 5.71% vs 4.14% for BINC. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BHYB charges 0.20%/yr vs 0.40%/yr for BINC.
Performance
BHYB vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, BHYB achieves a 2.00% return, which is significantly higher than BINC's 1.11% return.
BHYB
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 1.40%
- YTD
- 2.00%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.34%
BINC
- 1D
- -0.08%
- 1M
- -0.27%
- 6M
- 0.42%
- YTD
- 1.11%
- 1Y
- 4.14%
- 3Y*
- 6.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.98M | $10.04M | $9.98M | |
| $70.16M | $76.44M | $122.66M |
BHYB vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2.00% | 8.90% | 6.44% | 8.23% |
BINC iShares Flexible Income Active ETF | 1.11% | 7.57% | 5.76% | 6.68% |
Correlation
The correlation between BHYB and BINC is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.74 |
The correlation between BHYB and BINC has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
BHYB vs. BINC — Risk / Return Rank
BHYB
BINC
BHYB vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and iShares Flexible Income Active ETF (BINC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BHYB | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.66 | +0.88 |
| Martin ratioReturn relative to average drawdown | 11.52 | 6.37 | +5.15 |
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Drawdowns
BHYB vs. BINC - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for BHYB and BINC.
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Drawdown Indicators
| BHYB | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -2.69% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.69% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.69% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.50% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.36% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.70% | -0.20% |
Volatility
BHYB vs. BINC - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 0.65%, while iShares Flexible Income Active ETF (BINC) has a volatility of 0.78%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYB | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.78% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 1.99% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 2.36% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 2.97% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 2.97% | +1.64% |
BHYB vs. BINC - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
BHYB vs. BINC - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.33%, more than BINC's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.76% | 6.57% | 7.04% | 0.75% |
BINC iShares Flexible Income Active ETF | 5.42% | 5.86% | 6.14% | 3.13% |
Frequently Asked Questions
BHYB and BINC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BINC has higher volatility (0.78%) compared to BHYB (0.65%). In terms of maximum drawdown, BHYB dropped -4.23% vs BINC's -2.69%.
On 1-year performance, BHYB leads with 5.71% vs 4.14% for BINC. On fees, BHYB is cheaper at 0.20% per year. On volatility, BHYB has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BHYB has performed better with a 5.71% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BHYB is cheaper with a 0.20% expense ratio, compared with 0.40% for BINC.
BHYB has the higher dividend yield at 5.76%, compared with 5.42% for BINC.
BHYB is categorized as High Yield Bonds, while BINC is Multisector Bonds. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for BHYB and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (1.89 vs 1.69), 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.
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