BHYB vs. BND
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and BND (Vanguard Total Bond Market 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 BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past year, BHYB returned 7.34% vs 5.11% for BND. A 0.60 correlation means they provide meaningful diversification when combined. BHYB charges 0.20%/yr vs 0.03%/yr for BND.
Performance
BHYB vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BHYB achieves a 1.69% return, which is significantly higher than BND's 0.27% return.
BHYB
- 1D
- -0.18%
- 1M
- 0.48%
- YTD
- 1.69%
- 6M
- 1.99%
- 1Y
- 7.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
BHYB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 1.69% | 8.90% | 6.44% | 8.23% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 7.97% |
Correlation
The correlation between BHYB and BND is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | 0.60 |
The correlation between BHYB and BND has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
BHYB vs. BND — Risk / Return Rank
BHYB
BND
BHYB vs. BND - 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 Vanguard Total Bond Market ETF (BND). 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.
| BHYB | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.92 | +1.32 |
| Martin ratioReturn relative to average drawdown | 14.88 | 5.80 | +9.08 |
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
| BHYB | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.36 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.10 | 0.59 | +1.52 |
Drawdowns
BHYB vs. BND - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BHYB and BND.
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Drawdown Indicators
| BHYB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -18.58% | +14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.68% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.21% | -2.37% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -3.06% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.88% | -0.39% |
Volatility
BHYB vs. BND - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 1.02%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.23%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.23% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.66% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.78% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 6.02% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.53% | -0.82% |
BHYB vs. BND - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BHYB vs. BND - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.33%, more than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.33% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
BHYB and BND have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.23%) compared to BHYB (1.02%). In terms of maximum drawdown, BHYB dropped -4.23% vs BND's -18.58%.
On 1-year performance, BHYB leads with 7.34% vs 5.11% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BHYB has been the lower-risk option at 1.02%. 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 7.34% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.20% for BHYB.
BHYB has the higher dividend yield at 6.33%, compared with 3.97% for BND.
BHYB is categorized as High Yield Bonds, while BND is Total Bond Market. BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.20% for BHYB and 0.03% for BND.
BHYB currently has the higher Sharpe Ratio (2.17 vs 1.36), 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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